How Spreedly Raised $300K in 10 Days on AngelList

How Spreedly Raised $300K in 10 Days on AngelList(exitevent.com)

27 points by ntalbott 12 years ago | 6 comments

lowglow 12 years ago |

For those in SF, the San Francisco Hacker News (http://sfhackernews.com/) group is putting together a panel called "How to prepare for a seed round."

More info here: https://www.facebook.com/events/563105847065967/?notif_t=pla...

eventbrite tickets here: http://sfhn-seedround.eventbrite.com/

We have Lili Balfour (Atelier advisors), Ash Fontana (AngelList), Hiten Shah (KissMetrics), Will Bunker (Match), Nathan Beckord (FounderSuite) on the panel ready to chat and help out anyone interested.

You should come out if you're a hacker/entrepreneur wanting to find out more about funding and meet great people!

makmanalp 12 years ago |

Simple, gateway agnostic, PCI compliant payments API that works in tons of countries? Sign me up! Great job!

jusben1369 12 years ago | |

Thanks! The independent CC vault is also very appealing to many.

mjhea0 12 years ago |

Congrats! Although I got less out of this article than an "if you build it, they will come."

Give me some actionable metrics to work with.

forgingahead 12 years ago |

Look, congrats to Spreedly for this raise, but we honestly need to stop writing articles this way and posting them to HN.

Titling something "How X did Y using tool Z" has a very clear implication: Y can be achieved (and so X is substitutable by anyone reading) as long as you use tool Z and follow the steps in the article.

But then you read the article and the key parts of WHY Spreedly succeeded in raising money is glossed over as an afterthought. So we're left with a puff piece about both Spreedly and Angelist but nothing really actionable for the average HN user.

Humblebragging about the accomplishment is fine, but don't coat it in a "How" type article, especially one with a sub-title of "A MUST READ FOR STARTUPS OUTSIDE THE VALLEY". It's not. "Angelist-featured firm raises 300K in 10 days" or "Spreedly closes 300K round through Angelist" would be much more accurate, and doesn't give the average user a false impression of how building a business or raising capital is done.

beat 12 years ago | |

Yeah, there was a bit of "Lose 20 pounds and raise $300k on Angellist using this weird old trick" to the article. :( Reading through, it boils down to good product, fashionable market space, and some timing luck. Great for them, and I'm happy to see Angellist trying to prove that they can get funding for those of us who aren't in Silicon Valley or NYC, but I didn't feel this was very helpful for me - and I should be the target market here! (Early stage startup, outside Silicon Valley, somewhat fashionable space)