If you haven't seen the hilarious viral honey badger youtube video, check it out before you read this.
I just read this awesome passage from TheNextWeb from Jeff Bezos when he was starting Amazon:
“I’ve been optimistic about Amazon since the early days,” says Bezos. “I was most pessimistic literally at the very beginning. It took sixty meetings to raise a million dollars, which I needed to get the company started. Twenty two people providing around $50,000 each, on average, to get me that million dollars. That was the riskiest time for Amazon, that’s when the whole thing may never have happened. Raising that money was very, very difficult.”
Reminds me of the nastyass honey badger.
And that's what any entrepreneur has to be -- an unrelenting, nastyass honey badger when things get tough.
I've compiled a lot of resources to help. Here's a search for the term "AngelList" on my blog, which contains a treasure trove of useful materials, including the Venture Hacks bible courtesy of the fine folks at AngelList.
Go get 'em, and never give up on what you believe in. Remember that by definition, you have to be a little crazy to be doing what you're doing as an entrepreneur, because if others believed in it, they'd be doing it themselves. Creating something from nothing means that nobody else saw the opportunity, which also often means that they didn't think there was an opportunity in what you're doing. If you want to ponder that one a bit more, read Paul Graham's excellent Black Swan Farming essay.
Related: There's a lot of talk about a Series A fundraising crunch in the Valley right now. Some of you reading this may be going through it yourselves. With all of the angel-funded startups in the Valley, you have to be even more of a honey badger to secure future funding rounds.
This is the first of a multi-part blog post I'll be writing over the next week that will chronicle my experience raising a $1MM round for AppMakr.
I'll be sharing my learning and experiences as a first-time fundraiser out here in the Valley. My goal is to provide pragmatic tips to help other entrepreneurs understand the process and short-cut the time fundraising typically takes. Think of it as download that condenses 4 months of learning into a series of blogs you can read in an hour.
Be sure to subscribe to the blog if you'd like to get those future posts. Also, we're throwing a party to thank the investors who made this round possible, and celebrating the fact that over 1,000,000 people have now used apps made through AppMakr. RSVP here to join us on 10/28 at 6:30pm. You'll meet Mitch Kapor, George Zachary, Pietro Dova, Ben Narasin and other AppMakr investors.
For this first post, I scored an interview with Naval Ravikant, one of the co-founders of VentureHacks, which runs AngelList. AppMakr went through AngelList, and intros from AngelList were responsible for 54.5% ($545k) of the $1MM we raised. Needless to say, these guys rock. I'd also like to give a huge shout-out to my brother Sam Odio and amazing entrepreneur James Hong, both of whom intro'd me to Nivi & Naval of AngelList at the beginning of our fundraising process.
Here's the video with Naval:
Very good question. Here we go -
I saw your post offering advice help, so I thought I'd take you up on that. I'm young, pre college, so time is on my side. I'd like to create a web startup at some point in the future, at least that's the dream. Should I focus on homing in on my technical skills, or business skills? Right now, I know much less of the latter, but I recognize its importance in entrepreneurship.
Also, do you think college credentials are as important as real world opportunities? And any reading recommendations would be much obliged. I'd love to hear your thoughts.
Thanks so much,