From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

http://www.adpushup.com/blog/adpushup-closes-angel-round-funding/

by ankitoberoi • 12 years ago

43 6 12 years ago

kamikazi• 12 years ago

Very impressive Ankit. Really liked your hack to go cold emails. Even InMobi cold-called all the way to KPCB! So it's not unheard of. All the best on journey ahead.

Bit of a noob Qn: Is it the norm to have as much as 50 investors in your Angel round? Or are you guys an exception in that too? How do startups deal with so many people after funding? In investor updates and followups, sharing figures, revenues, execution strategy and then following up on those discussions. Is it all done kinda light-touch?

ankitoberoi2• 12 years ago

Thanks! From what we've been told, 50 is somewhat large - I personally don't know of any other startup which has done that, in an angel round.

We'll have a dashboard for each investor and if something requires investor approval - it comes from a select few, who have the Power of Attorney from the rest of the group.

manishsharan• 12 years ago

Thank you so much for a great article. It is very inspiring to read that you guys managed such awesome traction and growth rate before you closed that angel round. Could you share how you hacked your growth rate before funding ?

ankitoberoi2• 12 years ago

Thank you for reading! Here's an article on how we're built traction before the round: http://www.adpushup.com/blog/how-were-getting-tons-of-beta-s...

pptr1• 12 years ago

Thanks for writing this Ankit. This will help tons of people.

breakinggood• 12 years ago

It’s interesting how con men’s confidence games are now being upvoted and celebrated by the Hacker News community. The celebration of bait and switch tactic in these emails is indicative of how shady startup culture is getting.

There is no sacred ground to maintain trust. Social proof, vanity metrics, out right lying is all fair game in this wild west. This is how credibility crumbles. This is how the startup scene becomes overwhelmingly a market of lemons as honest folks get pushed to the wayside and sociopaths rise amongst the chaos.

From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

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