This week I hit the Valley hard on a fundraising mission. I don’t need a ton for this round, but I’d like to raise $750k to build a team and have a year and a half of running room.
It’s tough to organize a trip like this though while coding. My coding is slow, as always, and I literally have to schedule two hours a day for making calls to contacts, venture firms, etc.
Some want a summary, some want the model, some just want the demo. The first two won’t happen until I hit the plane–I don’t feel I can afford the coding break to work on that. That can become a frustrating cycle, because I’d rather have a team of coders funded by investment than just me and my loyal but part time help (who is a much better coder).
The balance can be tough. But I’ve got some running room, with two investors committed, and a third committed once there’s X amount raised. So back to coding, after a minor blog break. Digging in…
The trip went well–learned a lot, had some good investor meetings. Most are intrigued. Raised a bit of angel and added two board members.The bottom line is it's time to get some people using the software and add another developer
and thanks!
I am sure you can't disclose everything, but how did the trip out west go? Still working on things? Love to hear an update.
thanks!
Best of luck Charlie! I'm sure you will be successful.