| Topic Name: |
Entry-Level |
| Message Name: |
It is possible but i |
| Date Posted: |
10/16/2000 |
| In Reply To: |
30-35 in first round funding that is. |
| Message: |
It is possible but it all depends on your connections. Remember, 30-35 million is the size of a small fund. You will need an extensive angel network if you want to raise that kind of money. Secondly any angel that you approach will want to know why you don't want a VC to be involved. I am curious to why you don't want a VC to be involved? Third, your idea must be either capital intensive or marketing intensive. If it is marketing intensive, good luck. Too many VC's have been burned in the recent months by companies that were to marketing intensive. You better justify your customer acquisitions costs. If it is capital intensive that means that returns are slow to come and you will need more money, unless your idea is in the optical networking space or storage area networks. Of you are in those spaces then you should want to find a VC because they want you and your valuation will be in your favor. I hope that helps.
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