This Hot Startup Has To Keep A 700-Name Spreadsheet To Manage All The Investors Who Want To Fund It - Business Insider
Ottway Ducard stashed this in slow
Milne says his inbox has been flooded by more than 700 investors who have reached out about funding Dwolla. It's quite a change from the first $1 million Dwolla raised -- that was a long, painful 12-month process.
Basically, 700 investors are chasing a single startup.
And, conversely, more than 700 startups can't get a single investor to chase them.
We live in interesting times.
Dwolla can appreciate how hard that first million was to raise.
They probably didn't have a chip on their shoulder: http://www.bothsidesofthetable.com/2012/05/17/what-to-do-about-that-chip-on-your-shoulder/
"Every great entrepreneur has been turned down dozens of times. Laugh it off! Wear it like a badge of honor! Hell, most entrepreneurs who were funded by VCs were probably told ‘no’ by that exact same VC one time before!"
Actually, that's almost always the case. Fascinating.