[krav]

I'll share my experience raising money with Angellist. As a data point, I've been involved with startups since '99. Before, when you had to raise money, it was a painful slog, you had to set aside months of your life to beg for introductions, nag every contact you had. Basically, you were chasing the VCs (Angels were less prominent then).

This time, raising money for my startup, after our pitch went out on Angellist, it was unlike anything I or most of my friends have ever experienced. Angels and VCs contact you, I had two to three weeks of non-stop meetings, selecting who would be best to take money from, and we raised.

What Angellist did for us was (a) significantly decrease the time to raise money and (b) put us in front of VCs and Angels we never could have met on our own, not without at least dedicating months to the process.

My take - it empowers the entrepreneurs, which is why certain VCs don't like it. Classic internet play - disintermediate the middlemen.

It's just my opinion, but boy, it made my life simple and allowed me to get back to what I love, which is building my company.

[mey]

Minor nitpick, it's not removing the middleman, it is removing information asymmetry.

Thanks for the insight.