- WEB STARTUPS
- WEB JOBS
- ALL TOPICS
Techcrunch40: Getting Funded Panel
Update: Jeff Clavier launches $12 million VC Fund. TechCrunch has the exclusive.
Notes from the Getting funded panel moderated by Jason Calacanis and Sumant Mandel, Jay Adelson, David Sacks, Roelof Both, Jeff Clavier, George Zachary. This is a live post.
Jason: When someone best get into your office?
Sumant: You should know Jason, any company we get is referred by someone we know and trust
George: Just a very compelling message in an email about the company
Jeff: networking works and trusted referrals will get our attention
Jason: David, you raised a round of capital that was well noted on Techcrunch, can you talk about it?
David: We raised 1.5 from founders fund and then 10 million from crv. when we did the series a, it was about the team and idea, when we did the series b, we had a product. One thing for ent. is to figure out your scope.
Jason: what attracted you to the geni investment?
George: I was lucky to get in at 100 and david and I are personal friends. Everyone said we gotta get in because this is a multi-billion dollar company
Jason: How is this robust market and valuations impacting the lower end?
Hank: You can develop a really good product on a small amount of money. You can make really efficient use of capital.
Jeff: We send deals to other investors and they to us. I am forming my own fund, a seed fund which will focus on consumer internet and hopefully find good companies.
Audience question: Coming from Finland, do you do series a funding for companies – do they have to move their hq to the usa?
Sumant – I did a company in India and they are doing fantastically well. Don’t do anything you wouldnt normally do just because an investor tells you to.
Roelof – even companies based here have traffic internationally