Br1c3's comments

Br1c3 | 15 years ago | on: Ask HN: is it better to let investors find you?

Thats interesting...

Almost everyone I've talked with were actively seeking financing when they closed their seed rounds.

I don't have any numbers, but I'd be willing to bet less than 1% of all startups are ever featured on TechCrunch, Mashable, or any other large industry publication prior to funding. I wouldn't rely on that to generate investor interest.

Posting your company on HN is about as close to looking for investors without "looking for investors"

Br1c3 | 15 years ago | on: Ask HN: is it better to let investors find you?

No, and here's why.

It's not going to happen. Your not going to get investors coming to you. It just doesn't work that way. One of the first things an investor is going to ask you is who else are you working with, talking to or looking to take investments from? If your answer is no one, you came to us. That's a HUGE red flag, especially with the barrier to investors evaporating before our very eyes. RE:(incubators, anglelist, etc)

The only way investors will come to you is if you:

1. Have had a successful exit at another startup you've founded. In which case you probably have a decent group of investors you worked with before so not going to back to them would be counter productive.

2. Your traction/PR is HUGE. (In which case, you should be focusing on becoming profitable. Why take investment if you've already achieved EPIC traction?) I'd also argue it's unlikely you got to this point w/o some kind of outside investment. If you did then you don't need investors.

Br1c3 | 15 years ago | on: Critique my project: Reviewing Restaurants by Dish

I think your well on your way to a workable prototype.

Some things I would add:

Landing Page (http://gustatio.us/):

1. Needs some kind of call to action (what do I do when I land here)

2. Add signup/Login Info to homepage.

3. Maybe add some of the latest reviews to your home page.

4. Site Search

Location Pages:

1. Address / Contact Info?

Reviews:

1. List the username and time-stamp when/who made review.

Also, try cleaning up the URLs to use meaningful permalinks. EX: /categories/taco

Br1c3 | 15 years ago | on: Ask HN: Help, Investor wants money back in 7 days "Or else"

Stop contact.

Like others have said you need to get a lawyer pronto.

Direct all communication through you new lawyer, or with your lawyer present.

Some things to discuss with your lawyer:

1.Nature of the investment?

2.What terms did you and the investor agree to in writing?

3.Termination of employment, don’t just fire him w/o talking with your lawyer.

4.His unauthorized hires, purchases.

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