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by dustingetz
1461 days ago
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a “3 day raise” can mean many things, imagine something like this: 2-3 strategic angel investors already in place; prior to “starting fundraising” is a 1 month period of pitch discovery during which your angels are introducing you to investors but you are “not fundraising yet”; during this period investors start asking to invest but you are “not fundraising yet”; once you hit like $500k in interest, you email all the investors you’re already talking to and say “i’m fundraising now and already have $500k in interest for a 1.5M round” and one seed fund takes the remaining $1M and you’re done (the three days is for diligence). or 4 famous angels follow with $250k checks and you’re done. it’s an orchestrated process |
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