Baydin Closes Its $375,000 Funding Round (In An UberCab, Per Our Suggestion)

Did it take from October to raise $375,000? was that with a single guy on it dedicated or part time fund raising?

nope, the uber just took a really long time to show up. :)

we moved out to silicon valley (from Boston) in December, and had the round spoken for within a month. we just took our time doing the paperwork and announcement.

While not the case in this instance, it is completely normal for raising a round to take six months. The "check that day" folks are very, very, very outside the norm. Fundraising is almost always a slow slog.

This is a great example of 2 keys to success for startupts. 1. Hustle. Many people told Alex no before he got that first check, but he kept at it. Hit this milestone, get these sales, blah, blah, blah. He kept improving, kept serving customers and kept hustling. 2. He did what he had to do to get his co to the next step. When it was evident that SF was the place they had to be, the picked up and moved - and fast!

A good start for 500 startups' first class. Will be fun to see what happens after demo day this week.

Congrats, Moah and Alex!

Congrats guys!

no seatbelts?

Yay, congrats guys!!!!!!!!!!!!!!

Congrats guys! Very exciting.