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by portman
5723 days ago
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"You're not going to get investors coming to you." My experience has been the opposite of this. Traditional VC firms have "Associates" (1-2 years out of grad school) and "Principals" (5+ years out) who work for the partners. Often, there will be 3 or more associates/principals for each partner. One of the main responsibilities these people have is to find new deals, which they do by reading TechCrunch, Mashable, and, yes, Hacker News. Once they get a hot-lead, they hand over to one of the partners to try to close. I have limited first-hand experience with raising money, but of the 4 people I personally know who have raised VC rounds, 3 of them were approached by investors and not the other way around. (As with anything start-up related, sample sizes are so small that it is hard to extrapolate.) |
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Almost everyone I've talked with were actively seeking financing when they closed their seed rounds.
I don't have any numbers, but I'd be willing to bet less than 1% of all startups are ever featured on TechCrunch, Mashable, or any other large industry publication prior to funding. I wouldn't rely on that to generate investor interest.
Posting your company on HN is about as close to looking for investors without "looking for investors"