Raising Money On AngelList: 21 Tips From Two Active Angels. The following is the result of a collaboration between Ty Danco and Dharmesh Shah.
Ty is an angel investor and startup mentor (you should be reading his blog). Dharmesh is founder and CTO of HubSpot, runs OnStartups.com and is an advisor to AngelList. [Note: All the smart useful stuff in the article is Ty, all the feeble attempts at humor are Dharmesh] AngelList (AL) connects promising startups to a sterling network of early stage investors. AL has been getting a blizzard of well-deserved press of late after Venture Hacks released the networks 18 month statistics. 1. AngelList may be a game-changer, but most of the same rules are still in place. 2.
"How to Hustle with AngelList", by Brendan Baker is the definitive how-to guide discussing how to make it onto AngelList, how to set up profiles, etc. 3. With over 400 companies having raised money on AngelList in its first 18 months, this is easy. 4. The first anchor investor is the hardest. 5. Whens the best time? Startups: How to Hustle with AngelList in 10 Steps - Posts. Deconstructing AngelList: How to Optimize Your Funding Profile.
AngelList is a platform that connects entrepreneurs to angel investors to raise seed stage capital.
Out of the $1.5 million dollars in angel funding we've raised for Socialize, over $1 million came from introductions made on AngelList. We were very early AngelList users under our AppMakr brand, with Brendan Baker doing a detailed analysis of our use of AngelList in his Anatomy of a Seed project. I also wrote a lengthy manifesto about our fundraising experience, and when AngelList was very new I interviewed Naval Ravikant, one of the AngelList founders. Recently, using AngelList has changed the way I've been fundraising. Where traditionally, I've had to dedicate a block of time to fundraise full time, I can now fundraise passively, meaning just by focusing on having an optimized AngelList presence and a few specific techniques, I don't have to spend blocks of my time finding high quality angels.
First, some background on AngelList: AngelList Pro Tips: Do you have any other pro tips? Fundraising Hacks: Interview with Naval Ravikant of AngelList. This is the first of a multi-part blog post I'll be writing over the next week that will chronicle my experience raising a $1MM round for AppMakr.
I'll be sharing my learning and experiences as a first-time fundraiser out here in the Valley. My goal is to provide pragmatic tips to help other entrepreneurs understand the process and short-cut the time fundraising typically takes. Think of it as download that condenses 4 months of learning into a series of blogs you can read in an hour. Be sure to subscribe to the blog if you'd like to get those future posts. Also, we're throwing a party to thank the investors who made this round possible, and celebrating the fact that over 1,000,000 people have now used apps made through AppMakr.
For this first post, I scored an interview with Naval Ravikant, one of the co-founders of VentureHacks, which runs AngelList. Here's the video with Naval: Here's a transcript of the video: (learn how & why I do this) Interview: Naval Ravikant, Co-Founder AngelList and Co-Maintainer Venture Hacks. Messenger: Naval Ravikant, Co-Founder AngelList and Co-Maintainer Venture Hacks.
Former Founder Epinions. Investor in Twitter, Foursquare, DISQUS, and (by Naval’s own admission) “a lot of other companies you have never heard of” Dharmesh Shah, Founder of HubSpot and of OnStartups, recently published a great post entitled, Raising Money On AngelList, which offers insights germane to my conversation with Naval. I recommend you first review Dharmesh’s article and then listen to Naval’s thoughts.
You can watch my interview with Naval below or on YouTube here: What follows is a summary which paraphrases Naval’s responses. Value Prop Twitter Style: AngelList is the productization of raising startup funding. If you haven't already subscribed yet, subscribe now for free weekly Infochachkie articles! 6) Naval, why does the startup world need AngelList and Venture Hacks? “As of the last the 9 to 12-months, AngelList is actually my fulltime endeavor. “It’s actually quite common. Share and Enjoy.