nabeel's comments

nabeel | 18 years ago | on: Looking for a Co-Founder (Boston area)

FYI, we are actually doing an event next Wed at the OpenCoffee Cambridge for co-founders. It's from 9-12pm at Andala's Coffee.

nabeel | 18 years ago | on: Valuations and fundraising

It is the case that there is between 20-30% valuation that they typically need to invest. And yes, that does effect valuation math. However, there are of course plenty of other cases outside the "norm"

a) A super hot company people will always make exceptions for. Especially smaller more focused funds like Union Sq.

b) No VC is going to give you $250k on an A round valuation and expect 25% of the company. They will either be angels (who will take more like 2-25%) or if a VC they will do the $250k as convertible debt to the A round.

Do not raise $2m if you don't need $2m. Structure your round around the capital requirements, not the other way around.

nabeel | 18 years ago | on: How Not to Die

danw, I don't think OpenCoffee club really is like this right now. But after reading PGs essay I think that perhaps it should.

Perhaps opencoffee should have a culture of demoing every week. You show up, you get scrutinized, but it's all for the best.

nabeel | 18 years ago | on: How/Why they started conduit labs

Story of a boston start-up social network+gaming and a little on how the VC round came together.

nabeel | 18 years ago | on: Why is it hard to startup a company outside of Silicon Valley?

Hot or Not. Made the owners enough free flowing cash, in the millions every year, that they certainly weren't even looking for an exit.

nabeel | 18 years ago | on: news.ycombinator meetup - Cambridge, MA

great, I'll be there. although I second the vote for Andala's, as it is a block from 1369, larger, has better coffee, and free wifi.

nabeel | 18 years ago | on: Looking for a Co-Founder (Boston area)

You can also drop by the Boston OpenCoffee's - a lot of young entrepreneurs and YC types. It's in cambridge every thursday. www.opencoffeeclub.org

nabeel | 19 years ago | on: Boston Meet-Up for YC Founders and News Contributors (Sunday, May 6th)

Will be there. There is also the weekly OpenCoffee in Cambridge that does have free WiFi and a mix of VCs and entrepreneurs. ( http://boston.going.com/event-122245 )