The Future of Startup Funding

The Future of Startup Funding.

Paul Graham makes some interesting points about the trends that are starting to emerge in the investing space.  I will be the first to admit that my experience with investors and investment rounds is pretty limited and largely theoretical; I’ve seen the process from afar.

Since joining ProFounder and getting a much broader view of the fundraising landscape I tend to agree with the points in the article.  Moreover, I’m excited that we are addressing a number of the points made specifically around speed and traction.  ProFounder puts the raise on a timeline with clear milestones along the way.  There also isn’t a notion of a “lead investor”.  The investors are recruited by the business owner explicitly which puts the most motivated person in control of the investor flow.

New Job at ProFounder

In case you missed it on twitter and actually care about recent events in my life, I just started as CTO at ProFounder this week.  ProFounder is a really cool company and they have a very exciting mission.  We are helping small businesses raise money from their friends and family while still adhering to the law, which is way more complicated than you’d think.  I’ll be talking more about it in the future, as well as getting in to what makes this such an interesting business/tech problem.

One on my first tasks is to get an alpha released and a second developer to help me complete the app for a public launch by this Fall.  If you are interested check out our job posting.