[mrtron]

I would go one step further.

If you need 100k, why are you looking for VC funding? They will give a horrible valuation and take a large part of your company. First phase funding in the ~100k range I would look for angel investors or get the people involved to contribute the money. Either raise 500k from a VC and have a much more aggressive growth strategy if that is the route you want to go, or raise 50k from friends/angels/yourselves and minimize costs as much as possible.

[hacker64]

I'm not looking for VC funding. He's an angel investor.

[mrtron]

Well then. Good move.

(friday night, beer and a looming all nighter...and other excuses, read the YC as VC...)