It’s a win and a loss at the same time when companies take investments. Yes, they get money to fund their projects, but they also lose a measure of control and revenue as a result. Here’s the story of one tech company that crowdsourced passed the VCs.
Two Takes
View TECHi Stance
A tech investment story that doesn’t involve VCs
Gigaom
View all Gigaom Two Takes by TECHi
Read the original story
Published October 20, 2013
TECHi's Take
Earlier this year, our Y Combinator startup SendHub tried to raise its Series A. Despite monthly revenue in the mid-five figures and a 25 percent monthly growth rate, we were shunned by over 50 VCs. So we turned to crowdfunding platforms to raise a successful round — an option that was simply unavailable even a year ago. Here’s how it worked for us.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
Balanced Perspective
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
More Two Takes from Gigaom
Now that Google is has become a subsidiary of Alphabet, many of the divisions that have nothing to do with its core…
Unlike with most social networks, it's actually really easy to use Twitter without an account, so much so that the…
It's odd how a company that makes all of its money by selling things online, and is often cited as…
Ad-blockers are a dime a dozen nowadays, and they all do the same thing in roughly the same way, so in…