In the last few years, there's been an acceleration of people who call themselves angels but aren't. You should think carefully about who those investors actually are and what their incentives are. The only thing that matters is the money you need to build the business building the business and succeeding at the business is what counts as winning.
Aaron Harris is a Partner at YC and before that he cofounded Tutorspree.
He’s on Twitter @harris.
The YC podcast is hosted by Craig Cannon.
Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.
Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/
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Topics
00:00 - Intro
00:42 - Seed fundraising process
3:32 - Emailing investors
9:32 - Parallelized fundraising process
12:17 - Meeting with investors
14:17 - Overcapitalization
17:07 - Communicating your plan to investors
19:02 - Evaluating investors
22:57 - Fundraising process for a Series A company
27:02 - Meeting Series A investors
28:57 - Post-Demo Day psychology