As a result, the expectation is that you have to figure out a way to get to some level of momentum on your own (by bootstrapping) or with small doses of angel money - "drip financing" so to speak. The daily deal and group buying market has really heated up, with numerous sites offering variations on the basic value proposition. Sponsor. MORE >>

We came on after our initial round of financing, mostly because AngelList didnt exist when we first went out. We have received at least one investment due to AngelList and have met many awesome folks, some of which I continue to interact with outside of the financing paradigm. But what happens when that channel is overloaded? MORE >>

The real reason they're pissed is that VCs are increasingly unnecessary to get companies started , both because of inexpensive technology and marketing channels and because there are enough angel investors that founders don't have to sell the entire farm for ridiculous amounts of cash they don't really need. Champion of the dipshits. MORE >>

Therefore, at the moment I see an increasing Series A financing risk for software/Web startups getting started today. It could go away if somehow VCs start doing a lot more of these financings, but I don't see any signs of that yet from anywhere or anyone. There is an angel bubble. There isn't an angel bubble. If you fail, you're done. MORE >>

Other factors such as your team, the market you are in, your ability to execute, and in fact other terms in your term sheet are much, much more important to your outcome and financial outcome than is the valuation of your company at the time of financing. He tries to write things that havent already been written 9000 times. Or is it?  MORE >>