Fundraising

AngelList + LinkedIn + Email?

Michael Brill Technology startup exec focused on AI-driven products

June 5th, 2015

To augment my more focused fundraising activities, it seems like there should be a "figure it out for me" button somewhere that grinds through email history, LinkedIn connections and target industry investors on AngelList.

Does that exist? 

Michael Brill Technology startup exec focused on AI-driven products

June 5th, 2015

Very inspiring Karl. I just put in a message to Caitlyn Jenner to borrow some pumps and am practicing my sashaying as we speak.

Patrick Hidalgo

June 5th, 2015

You can use tags in LinkedIn and your email to create your groups, but you would have to do it for each contact and you would have to do it yourself.  AngelList does not have tagging capability.

Karl Schulmeisters CTO ClearRoadmap

June 5th, 2015

it is that there is no "one way" to get funding.  I know one startup founder who bought herself a round trip ticket to Monaco.  She put on her long black dress and walked into the swankiest casino and up to the highest stakes Roulette wheel   After watching for a while she announced that she was bored since this wasn't very risky and as an Entrepreneur the odds against her succeeding were 3:1   And that she would bet that against anyone at the table.

She then (she's a tall statuesque blonde) sashayed to the bar.   Within minutes she had two men discussing investment terms with her.  Her company is still running, fully independent of VCs

Samuel Lavery Founder Consent2Health

June 5th, 2015

From my limited but relevant experience, investors, especially the better ones, spend all day searching for opportunities to invest in.  They want to spend their millions on investments that will pay off big.

Their tooling is pretty advanced actually, and it's looking for traction or serious movement in a given space or market.   I'm pretty confident that if you start moving lots of cases of wine(or whatever your key metric is) you will be contacted by money people.

It's catch-22 and it sucks.  It's the fundamental cliff that most startups die on.  You may have the best idea in the world, but not a lot of people are looking to invest in a great idea, and even fewer would recognize a great new idea if presented with it.

I've resigned myself to the path of just getting it done, whatever way I have to, and not planning on relying on external money for anything. But, it's still a great accelerant. 


Michael Brill Technology startup exec focused on AI-driven products

June 5th, 2015

Really? How many zillions of startups are looking for money and nobody has spent a weekend building this? Seems unlikely.

Tim, the LinkedIn API doesn't do anything useful so that would have to be scraped, er, manually-entered to comply with the LinkedIn TOS. AngelList API gives you users by market-focus. Email is easy. My previous startup was all about NLP... this is easy game. 

I really wish there were a lightweight version of Assembly to knock this out during a weekend.

Rob Weedn

June 5th, 2015

LinkedIn APIs closed on May 12th, so they effectively made connections inaccessible to 3rd party apps

Nathan Beckord

June 6th, 2015

We built a variation of this in Foundersuite with our Investor CRM tool, which allows you to search for target investors and build a list, then see how you're connected via LinkedIn. Unfortunately as Rob mentioned, LinkedIn yanked their API access so we had to strip out that functionality :(

So now, what I see our users do, is to use our Investor Search to build the list, then open up a separate browser with LInkedIn. Plug each target name into LinkedIn and see your best connection, and then add that to "Connector" field in the CRM. Not as automated as we'd like, but unless LI changes their API policy...

The other approach that I did for our own fundraise is to pick one of my "connectors" in LinkedIn -- someone who knows a lot of investors-- and search their network with the keyword "investor" then add the results to Investor CRM. 

Using these two methods I built a highly targeted list of about 150 investors (and fortunately was able to close the round :) 

Craig Conlee

June 5th, 2015

Hello!!! I am building this. LOL! zealr.co


S. MBA CEO & Founder; MaryJanesWorld.com

June 5th, 2015

Helen - thanks for the detailed reply. I for one find Angel List VeRY clugey and in need of serious augmentation. It has NOT been a part of our primary focus simply due to the workload involved as you aptly illustrated. But one example is a direct advisor, all contact info etc yet Angel list STILL will NOT allow me to connect with him! Crazy... Filtering for an investor not to be spammed, sure BUiuut Don't even get me started here otherwise... It's poorly designed. UI to overall functionality, it's a GREAT deal of work! Srw Sent from my iPhone

Tim Cullen Principal Software Engineer

June 5th, 2015

No, might be a good idea for a startup if you some expertise in parsing and natural language processing.