Wednesday, September 19, 2012

Thank You - Venture Capitalists

I've been helping  - or rather attempting to help - Serality raise capital.  Full disclosure - I made an angel investment in Serality about two years ago.  As of this moment, I've contacted 143 venture investors.

I want to thank fifteen of them.  Those fifteen have turned us down.
Obviously I'm not thanking them for that.  But I understand it.  They have a business to run and they need to make a profit.  If our business plan is off-strategy for them, or we are too small or too early-stage or they simply think we've got a bad idea; all that is OK.  I appreciate the straightforward turndown. 
Serality is aimed at helping real-world communities that support the over-50 population - which is surging with millions of aging baby boomers.  That has lead to some interesting comments from some firms even though they are decling to invest.  Comments such as: "this isn't appropriate for us, but I've recently been dealing with my aging parents - you are on to something really important".

To: Charles River Partners, Edison Ventures, Flywheel Ventures, Weston Presidio, 406 Ventures, Hummer Winblad, Sequoia Capital, Ed Dorado Ventures, Firstmark Capital, KB Partners, Crosscut Ventures, e.ventures, Onset Ventures, Heritage Health Ventures and Shasta Ventures, thanks for getting back to us and letting us know were we stand.
To the firms that have expressed an interest and are now getting to know us and our business strategy better - we are looking forward to making a lot of money together.

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