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TommyJo

@tommyjo.eth

1062 Following
1059 Followers
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I just ran a short 4 week angel round (⏰) with funds now received 🚀. It was intentionally small ($115k received; $140k subscribed) but I still wanted to share stats and learnings to other /founders in case it's helpful: 📊 Angel Round Stats: - 96 warm introductions - 54 non-responders - 21 rejections (8 immediate; 13 post-call) - 8 ghosted us - 8 couldn't hit our timeline - 5 hard commits - 4 angels funded ✅ The Good: - 4 weeks meant we can get back to building - 'Warm introductions' are the way - Super smart Web3 angels (e.g. CowSwap & Brickken) - 50% of backers were from traditional finance - A transparent process with weekly investor emails creating FOMO ❎ To improve: - Under estimated how macro uncertainty can impact commitments - Over focused on traditional finance; they see risks everywhere - Confusion around investor docs slowed things down I'd love feedback from other builders as we'll be pivoting our Stablecoin yield and non-custodial risk platform to Web3 VC in Q3'24 🔥
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