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Michael Seibel @mwseibel
, 6 tweets, 1 min read Read on Twitter
The cheat codes for raising angel funding...
1) Have a technical co-founder
2) Build an MVP before you make a deck
3) Know something about the problem you are solving that most other people don't (usually because you experience the problem or have friends/family who do)
4) Don't have a crazy unequal equity split (blog.ycombinator.com/splitting-equi…)
5) If you want more advice just look here: startupschool.org/library
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When I talk to founders often I am very very direct and that can come off as inconsiderate. This is not my intention...
When I first came out to the valley I asked a lot of people for advice on how to make my startup great. What I got was a lot of luke warm, overly nice, and not very useful guidance. (YC was the exception)
I think the reason why was that I often asked investors for advice and they have mixed motivations. They never want to burn a bridge that can prevent them for getting access to a good investment...
Read 10 tweets
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Investors in YC companies please remember. When you make extremely non-standard complicated requests, waste founder time, don’t follow handshake deals, take forever to wire money, or otherwise screw around with a YC company during fundraising the following happens:
1) YC Partners are told immediately (we have a WhatsApp group with every single company)
2) It’s written up in the YC investor database for future YC founders to read
Read 8 tweets
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Advice to non-technical founders looking for a tech co-founder:
1) It’s hard but important. Stick with it. Trust that this is just one of the many many hard things you’ll have to do to succeed.
2) Consider whether or not you need to work on your idea. Perhaps you should help a tech-cofounder with their idea (that’s what I did at Justin.tv).
Read 14 tweets

Related threads

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0/ What a start to the week in the fast-paced world of #crypto and #blockchain!

Below is an 18-part thread featuring the best bits from the past day or two. Let's get you up to speed, shall we?
1/ 🤑 #Ethereum-/#Web3-focused #crypto startup @ParityTech has received a $5M "scalability, usability and security grant" from the Ethereum Foundation!

Will help Parity fund its work on Casper, sharding, light clients, dev tools, QA, audits and more. blog.ethereum.org/2019/01/07/ann…
2/ 🔛 Big announcement by the team from @RepublicOrg [ $REN ] - a dark pool exchange protocol for trading large volumes of #crypto - announcing the release of public Darknodes.

Submit a 100,000 REN bond to the Darknode Registry and you're good to go! medium.com/republicprotoc…
Read 20 tweets
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I ❤️ questions like this on @IndieHackers: "Barely Technical, Have an Idea, What Next?"

Discussion: indiehackers.com/forum/barely-t…

My answer 👇
Am I a radical "No Code" evangelist? 😅

Honestly, I really think you can do so much at the start of developing an idea, without making anything! Or, if you know how to use "No Code tools", you can whip up something in < 1 day.
If you can not code, you do not need a developer or technical co-founder in the first stages of developing your idea. You can gather all the proof around the idea and it's proposition yourself.
Read 7 tweets
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🚨 EARLY BIRD REGISTRATION for the KWELI COLOR OF CHILDREN’S LITERATURE CONFERENCE ends TOMORROW (11/15)! #Kweli19 @kwelijournal

It’s THE BEST, but in case u need convincing (which you shouldn’t), here’s a thread of all the out of this world presenters:

kwelijournal.org/the-color-of-c…
Note: I learned last year that the list of luminaries is so impressive that this is going to take a while, so bear with me. 😉 #Kweli19
First up: SAMIRA AHMED, the world class author who won your hearts and minds with LOVE, HATE, & OTHER FILTERS and is about to do it again (and conquer Hollywood while she’s at it) with the powerful INTERNMENT. ❤️ @sam_aye_ahm #Kweli19
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#BristolCity recently published their 2017/18 financial results, which cover a season when they finished a respectable 11th in the Championship and had a memorable run to the Carabao Cup semi-final. Some thoughts in the following thread.
There was a substantial increase in #BristolCity loss before tax from £6.6m to £25.3m, despite revenue increasing £4.7m (22%) to £26m, mainly due to profit on player sales falling by £13.3m to just £0.3m and wages rising by £6.4m (30%) to £27.3m.
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Read 34 tweets
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So.

Time for something a little different, and an idea I’ve been toying with—a look at how #transphobes try to frame their narrative within a claim that they are only “concerned” about trans people existing.

I think it’s safe to say that every trans person in the...

1/n
community who isn’t a #transphobic arserag can now spot whenever the usual #hate groups and individuals deploy their dog-whistles to denigrate trans people, especially trans women, but it is all too easy to forget that for the average cis person with no experience of...

2/n
this the comments and phrases that #transphobes come out with can come across as bizarre, or non-sequiturs, or even occasionally even reasonable. That person, because they have no experience of this, doesn’t see those comments as the attacks they are, and so can’t...

3/n
Read 56 tweets
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Last year #Memrise did its part but I didn't see major improvements even after paying for premium membership.
Back again with #100DaysOfFrench with #Duolingo
.
This time, I got two people I'm rolling with, who is joining?

Day1 done.
So desperate to learn & speak French fluently, if you are like me, let's take the plunge together, I'm going in regardless,so help me Twitter. 🤓
D2 of #100DaysOfFrench :
Got myself a sharpshooter badge ie I got nothing wrong in this lesson. 👊 👊
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