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Things I wish someone had told me about fundraising

56 points| stevencorcoran | 12 years ago |blog.lawnstarter.com

5 comments

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deathflute|12 years ago

Couple of questions for the original poster -

1) Were you already profitable or had revenues when you started fundraising?

2) How did you manage to get intros to Angels?

stevencorcoran|12 years ago

^ 1.Yes to revenues, we did an alpha test at the end of last season that was very small, read 10k. Built out technology, serviceable area, and started preselling. Keep in mind we are a seasonal business.

2. What we found were the best intro's were from Founders of companies they had funded. We are well ingrained in the Blacksburg community and were able to go through local angels who we had developed relationships with over the past months or get intro's from community members farther along the startup lifecycle.