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Ker-slam
VC dood just emailed me a rejection despite his earlier invitation to meet again. To be fair, I believe that he (incorrectly) thought he'd have time to meet again with us before his screening group's Monday meeting. But they did end up meeting first, and drummed us out, so I suppose it's more efficient this way. Blat.
So we're back down to one interested potential post-seed investor, angel #2. This one is unlike the others in that he overtly wants us to succeed, which is very good, but guarantees nothing, and having only one degree of potential is too few for comfort.
I will this week pursue the homework assignment that angel #2 gave me, and which we refined on our Monday staff meeting - I get to write Perl scripts to mull jabber access logs and database tables and generate reports by god and I'm looking forward to it. This will lead to our having a real funding schedule. Right now, this is what it looks like:
[✓] Collect seed funding
[✓] Launch public beta
[ ] Collect all the other funding we'll ever need and then some
[ ] ???
[ ] Exit!
It has been pointed out to us that it starts out nice, and it ends nice, but that bit in the middle could use some refinement. So we're going to take out those middle two steps and replace them with several couplets of this template:
1. Collect $FUNDING to meet $MILESTONE
2. Meet $MILESTONE before $DATE
Where $FUNDING, in every case, is a figure significantly less than the bignum we've been tossing around lately.
So we're back down to one interested potential post-seed investor, angel #2. This one is unlike the others in that he overtly wants us to succeed, which is very good, but guarantees nothing, and having only one degree of potential is too few for comfort.
I will this week pursue the homework assignment that angel #2 gave me, and which we refined on our Monday staff meeting - I get to write Perl scripts to mull jabber access logs and database tables and generate reports by god and I'm looking forward to it. This will lead to our having a real funding schedule. Right now, this is what it looks like:
[✓] Collect seed funding
[✓] Launch public beta
[ ] Collect all the other funding we'll ever need and then some
[ ] ???
[ ] Exit!
It has been pointed out to us that it starts out nice, and it ends nice, but that bit in the middle could use some refinement. So we're going to take out those middle two steps and replace them with several couplets of this template:
1. Collect $FUNDING to meet $MILESTONE
2. Meet $MILESTONE before $DATE
Where $FUNDING, in every case, is a figure significantly less than the bignum we've been tossing around lately.