[mayop100]

(author here)

Angel investors almost never provide the bulk of the capital for a startup. We provide initial money, advise, and introductions to help raise more. So, yes, I expect the bulk of the "heavy capital" to come from institutional investors in later rounds.

Also note that I invest in follow-on rounds, so my total investment in a startup might get much larger than $250k.

[yazr]

Could you comment on what increases seed funding chances when pitching a "big hairy goal" ?

Team? Progress so far? Clear road map? PoC & tech feasibility?

[mayop100]

All of the above. Prove your team is credible and your idea is solid and the only thing holding you back is the money. Even if you don't have the capital to build the full-scale thing, you can still make a lot of progress on the cheap: conduct research, model your business, test components, do user testing, get LOIs from customers, line up your first few hires, and so on.

[pharouk90]

Interesting, We have done that.

[simonebrunozzi]

Then, send him an email with details, and I would bet if he's interested he will respond and ask for more details.

You might have an opportunity to get funded by him. Don't rely on this comment on HN to hope he asks for details; go get him :)

[arikr]

Not OP, but the slides here give a really great answer to that question: https://www.codingvc.com/saastr-2017

[ilolu]

Do you fund US only startups or startups anywhere in the world ?