100 sats \ 6 replies \ @k00b 20 Nov \ parent \ on: Stacker Saloon
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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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.