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Comment by Matt_Mickiewicz | Hacker News Reader

The partners are based in Israel + Paris (no one in the US), which makes things complicated with time zones of they are investing in North American companies.

A request for "weekly updates" is also quite burdensome on founders, and they also have the optionality of a board seat (also unusual for investments at this stage).

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I would think anybody who hands over $150k gets the courtesy of an hour phone call a week. Considering that you wouldn't have to spend weeks / months doing the show-and-tell to dozens of potential investors, I think that's a small price to pay.

I think we invested in 60 US companies ;-) No problem to discuss with them. We don't always need to do that in real time. Email is good for 99% of subjects.

My previous startup was based in the US and our investors were in Europe. The time difference wasn't an issue at all, an inconvenience at most (getting on a 7am call after a coding marathon, we've all been there).

What I learned from getting an investor from Europe is lack of connections in the SV/USA which could be a disadvantage for some startups.

About weekly updates, I think it's critical for founders to have to write a 3 lines weekly update but not only for us, investors, but also for their team , cofounders and themselves. It's helping focusing on the right thing each week and increase performance.

Some of our founders are sending an update every 48 hours...

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