This is a great piece. I too started a company just 5 months ago. Fully bootstrapped and now con track to do 7 figures this year. Cash is king. You'll also be protected from the bubble when it goes BOOM :).
75 karma · joined October 21, 2009
VCs are not out to "stick-it" to anyone. They want to be a part of a great deal just as much as the next person.
Key bottleneck is that the process is too slow. Not designed for today's 15-minute world.
This could also potentially shorten length of runway needed. If you knew you could raise in 30 days... you wouldn't need 12 months of runway. Much more efficient for the entire ecosystem.
Note: just pushed this live about 5 minutes ago. Would appreciate any flaws or breaks that are found. Thank you HN!
Just Google laundering. Techniques are widely publicized and accessible.
+1 for a great SV entrepreneur seeing through a childhood dream.
Cashier: May I have your Zip Code? Me: F* no!