[HN Gopher] Avoiding Errors in Demo Day Fundraising
       ___________________________________________________________________
        
       Avoiding Errors in Demo Day Fundraising
        
       Author : jusduan
       Score  : 51 points
       Date   : 2023-03-21 15:08 UTC (7 hours ago)
        
 (HTM) web link (blog.aaronkharris.com)
 (TXT) w3m dump (blog.aaronkharris.com)
        
       | michaeltan07 wrote:
       | Good point that often gets lost: "This is true but also misses
       | the point because seed funding isn't the goal of a company -
       | building a big company is the goal of a company."
        
       | akharris wrote:
       | Author here: Lost count of the various demo days coming up in the
       | next few months. Happy to chime in on questions of how to deal
       | with the run up to a demo day or the after effects.
        
         | daanlo wrote:
         | Thanks. Great post! How would you divide a seed and/or A round
         | between angels and VCs? Is there a perfect mix in your opinion
         | or something you would be opportunistic about, depending on who
         | is interested?
        
           | akharris wrote:
           | There's no perfect mix.
           | 
           | In an ideal world, you'd build an order book of every
           | investor that wants in and how much they want. Once you had
           | that book filled, you'd allocate by weighing long term value,
           | price, etc.
           | 
           | Realistically you can't do this (ok sometimes you can). The
           | situation is dynamic and you generally want to take the bird
           | in hand vs. risking the longer process. BUT there's a limit
           | to that, and if you sequence things well - say start the
           | longer processes first - then you have more flexibility.
           | 
           | But remember, the biggest point is that the seed round is
           | just 1 moment in time. If you can't fit someone in but you
           | like them, build the relationship for next time.
        
       ___________________________________________________________________
       (page generated 2023-03-21 23:01 UTC)