Naval Ravikant: Hack Your Funding Process

http://hackersandfounders.tv/T7F/naval-ravikant-hack-your-funding/

by iamelgringo • 15 years ago

90 16 15 years ago

alexhektor• 15 years ago

Nice Logo there H&F.tv, YC but with an H. reminds me of StartupDigest "copying" TC's color theme :) both SD and H&F are great things, though.

iamelgringo2• 15 years ago

I know. We're getting a new logo made STAT.

We've been using that logo at Hackers and Founders meetups for the last 3 years, since we're the HN meetup in Silicon Valley: http://www.hackersandfounders.com. I actually ran it passed pg a few years ago, and he didn't complain.

But, now that we're pushing 3,000 members, we really need to change the logo. We really aren't affiliated with YC in any way. And, newcomers are starting to get confused, which is bad.

aditya• 15 years ago

(Hi! Jonathan - thanks for doing this, this stuff is pure gold.)

Continuous Fundraising is a pretty radical idea. Basically, you never close your seed round since you're doing a note and the terms are fairly standard, so you just keep getting small checks from a large number of angels. Less pressure and hassle. Big win for entrepreneurs. As Naval says, you raise 50k/month for 6-12 months and you're all set.

iamelgringo2• 15 years ago

(Thanks, Dude. I really need to get back and hang with the H&F NYC crew again. Does the weather still suck?)

re: Continuous Fund raising.

It is a pretty radical idea, and I really like it. It takes a bit of the pressure off the "One big round" model, and moves the focus to "Always be pitching" mode, which I think is probably healthier, and more productive for startups.

The only caveat I've heard of is when the startup runs out of money and is struggling. At that point, not having a lead investor who is keeping tabs on the company and who is willing to go the extra mile to raise additional capital for the company is going to be detrimental.

coopr• 15 years ago

So, "always be fundraising" and "always be recruiting" and "always be learning from customers" and "always be improving product/market fit" and "always don't go broke" and so on?

I can understand parallel-tracking some of these things, but if you do too much at once, don't you end up doing nothing well because you waste so much time task and focus-switching?

patio11• 15 years ago

This dovetails with a lot of what PG went over in High Resolution Fundraising. http://www.paulgraham.com/hiresfund.html

If you learn well through video, this is very worth the hour of your time.

mtran• 15 years ago

Thanks a bunch for posting this! I can't get the H&F video to load but will read PG's article right now!

kfarr3• 15 years ago

Hey, sorry to hear of the video difficulties. I'm one of the cofounders of VidCaster.com, we power the H&F video site. Can you send us a note at support [at] vidcaster [dot] com about the issue you experienced?

mgrouchy2• 15 years ago

So weird, was just listening to his Mixergy interview this morning(I will say it again, Andrew Warner is killing it with Mixergy, its such an awesome project/resource/business).

Sadly can't watch this one because it won't load. I assume its currently experiencing an irregular amount of traffic. Is it working for anyone else?

satyajit2• 15 years ago

Working fine for me.

kfarr3• 15 years ago

Hey, I'm one of the crew with VidCaster.com, we power the H&F video site. Could you send a quick email to support [at] vidcaster [dot] com about the playback issue you experienced?

mgrouchy2• 15 years ago

Hey Thanks for checking it. It wasn't a playback issue, the site just wouldn't load at all at the time I tried.

satyajit2• 15 years ago

I was there at this meetup, and having known H&F over past 2+ years, this was one of their best events. Lookin fwd to many more. H&F FTW!

rchauhan• 15 years ago

My first H&F event and it was really insightful. Thanks Jonathan

alain94040• 15 years ago

If you missed Naval this time, he'll be at the Founder Conference on May 3rd in Mountain View (with a bunch of other great guests). http://thefounderconference.com

Naval Ravikant: Hack Your Funding Process

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