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Why Kickstarter and crowdfunding can’t replace traditional investors

The Next Web

Editor’s note: This is a guest post by Aaron Pitman , an angel investor and founder and partner of RA Domain Capital. A Boston Globe article exploring the downside of crowdfunding new businesses noted the example of a man who raised $87,000 on Kickstarter in 2010 for a lock-picking set. Investors provide guidance.

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A conversation with Scott Kupor of Andreessen Horowitz, author and speaker at Lean Startup Conference 2019

Startup Lessons Learned

Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm. In fact, it’s quite the opposite - making sure you have the same goals as your financing partner is probably the best thing you can do as an entrepreneur to maximize your chances for success.

Lean 108
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How to Fund a Startup

www.paulgraham.com

It wasnt because they werent accredited investors that I didntask my parents for seed money, though. When we were starting Viaweb,I didnt know about the concept of an accredited investor, anddidnt stop to think about the value of investors connections.The reason I didnt take money from my parents was that I didntwant them to lose it.