Wrong assumption about AngelList?
I want to figure out if what I've noticed about AngelList is correct or not. So, I have a startup, for which profile is created and populated. It's bootstrapped, and doesn't have any investors yet. There are also no big name founders (prior exit, investment, etc) behind it.
Am I wrong in saying that this start-up has nothing to gain being on AngelList at this point? Meaning, nobody is going to really follow it nor reach out with more interest, until at least one of two prior mentioned things happen first.
2 Answers
Your assumption is indeed wrong. Big name founders & tons of funding doesn't mean anything (remember Color Labs?). You can make news when you sign X customers or when your sales reach Y dollars. You can also promote your company in the local entrepreneurial community and ask people to follow.
However, the main thing that matters is how good your product is. If you're building something trivial with mediocre value nobody is going to care no matter what.
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Sorry, but your answer is completely out of context. Question is about AngenList (angel.co) and trying to validate/invalidate an assumption on how people actually use it. What I'm building is definitely not trivial and has value, but it's hard to see that without actually looking at the product, follow the company to get updates, etc. And that's what I'm saying, and asking for pattern that people have noticed. – Dmitry Grinberg 13 years ago
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You asked whether you are right in the assumption that nobody is going to follow your company on Angel.com unless it has experienced founders or brand name investors behind it. And I responded that those two factors weren't the only ways to get a following on Angel.com and I gave you examples of other ways to generate news & following. I can't infer from the current wording of your question that you're wondering how people use Angel.co or how to promote yourself there better. – Dnbrv 13 years ago
If you think you're going to raise money, it definitely couldn't hurt and would probably help to keep your profile up on AngelList.
That said, having a profile on AngelList isn't a substitute for raising money the old-fashioned way. I haven't raised using it, but my understanding is that the best value out of AngelList is when you're organizing follow-on money, rather than getting your lead investor.
