@paulg if sequoia is interested so are we!!!!!
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@paulg The flip-side is that using angel money solely to raise more angel money is more of a Ponzi scheme than a startupThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg and a sign of spinelessnessThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg but if you get two of those it's a little dance to bring both across the lineThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg context matters here. As an angel, I worry about undercapitalized situation. In those cases, I work for co to find lead, then invest. -
@tomwilliams@paulg I'm pretty sure@paultoo agrees with Tom -
@tomwilliams@paulg@paultoo that said, the issue from a novice founder's perspective is counting as money in the bank. Yall agree it isn't -
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@paulg The statement not about the investor. The offer is worth $0 to YOU until round closed & delusional if not bonafide or realistic.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Thr must be a difference between investors and lenders. When jn doubt SAFE is way to go.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Isn't it a way to set up to renegotiate terms. If the co can't raise then leverage shifts. That said warm is better than cold so....Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg perhaps depends on the type of add’l investors, i.e. it’s reasonable to want another insto investor capable of later bridging a co.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg why not provide an incentive for first money in or escrow, contingent on min raise amount? Warm leads should be converted.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Easier to play the option than the bet: http://www.pixelmonkey.org/2010/12/13/its-easier-to-play-the-option-than-the-bet …Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg relying on judgment of others could be one of the deadliest and laziest mistakes a vc can do...Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg a bad warm lead.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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