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100 sats \ 6 replies \ @k00b 20 Nov
VC usually means you're investing other people's money in addition to your own.
Angel investor is you're investing your own. SN has an angel who put in "just" 5k.
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1625 sats \ 0 replies \ @nemo 20 Nov
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is there a minimum?
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1110 sats \ 0 replies \ @k00b 20 Nov
No there's technically no minimum.
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651 sats \ 1 reply \ @davidw 20 Nov
Also, seems that founders tend to prefer dealing with a small number of people with deeper pockets, for future raises. Plus they seek “expertise” or connections in addition to just the big-bucks. Otherwise they would opt for crowdfunding.
Do wish we’d see more bootstrapped firms in the world.
Some of my favourite years were spent in a company with 5 employees competing with unprofitable behemoths with 100-1000x more staff.
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Something about that ‘underdog’ mentality that really focuses the mind and cuts out all the b/s and inefficiency. Particularly in software.
The work is often more varied & rewarding too.
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