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DQ News: Are you selling your startup’s shares door-to-door?

We’ve covered this before, but it’s worth repeating: don’t raise money in series, raise it in parallel.

Don’t talk to one investor at a time, talk to all of them at once. It’s the only way to get market-clearing terms.

Meeting every investor over a short period of time creates a positive feedback loop of social proof and scarcity that closes deals.

Recently, we’ve noticed a new way of making this mistake. The entrepreneur says, “I’ll use AngelList if my other intros don’t work out.”

If you can get intros on your own (and all the good startups can), you should use AngelList at the same time, not afterwards. Why?

First, no matter how good your offline network is, it’s unlikely to introduce you to the optimal investors, or help you close the deal as quickly as AngelList can.

Second, if your other intros don’t work out, AngelList probably won’t work out either — the startups that do well on AngelList are the ones that use it to complement their offline intros.

Related: Why would a seasoned entrepreneur use AngelList?

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AngelList startup wins TechCrunch Disrupt

Congrats to TechCrunch Disrupt winner GetAround. Guess what they used to raise part of their first round?

So who is actually investing on AngelList?

Mike at TechCrunch published a nice post today about VCs who use AngelList. I especially like the quote he pulled from DFJ’s Josh Stein. The only part I disagree with is the “VCs hate AngelList” idea. I think it’s the opposite—they

Before product-market fit, find passion-market fit

Before product-market fit, find passion-market fit. Building a product is a process, not a discrete action. And the Internet is efficiently arbitraged. Every single simple thing that can be done is being done, or has been done. The lesson of history is th