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	<title>Hire A Helper - A Movers Blog &#187; Venture Capital</title>
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		<title>Hire A Helper - A Movers Blog &#187; Venture Capital</title>
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		<title>TheFunded &#8211; Social (VC?) Networking that works</title>
		<link>http://blog.hireahelper.com/2007/09/06/thefunded-social-vc-networking-that-works/</link>
		<comments>http://blog.hireahelper.com/2007/09/06/thefunded-social-vc-networking-that-works/#comments</comments>
		<pubDate>Thu, 06 Sep 2007 20:22:34 +0000</pubDate>
		<dc:creator>mikeglanz</dc:creator>
				<category><![CDATA[Startups]]></category>
		<category><![CDATA[Venture Capital]]></category>

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		<description><![CDATA[There has been a lot of coverage in the news about the new controversial site TheFunded.com, so like any good natured up-and-coming e-commerce entrepreneur I decided to check it out. The results of me merely checking out the site have been astounding. Here&#8217;s a timeline/overview: Saturday - I recieved email from &#8220;The Founding Member&#8221; (ambiguously [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=blog.hireahelper.com&amp;blog=932069&amp;post=28&amp;subd=hireahelper&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>There has been a lot of coverage in the news about the new controversial site TheFunded.com,  so like any good natured up-and-coming e-commerce entrepreneur I decided to check it out. The results of me merely checking out the site have been astounding.</p>
<p>Here&#8217;s a timeline/overview:</p>
<p><strong>Saturday </strong>- I recieved email from &#8220;The Founding Member&#8221; (ambiguously referred to as &#8220;Ted&#8221;) inviting me to join. I went through the site reading the reviews of the few VC/Angels groups that we have talked to and gained lot of insight. I saw there was a section to write &#8220;Letters&#8221; to VC&#8217;s&#8230; so I decided to try it out. I posted:<a href="http://thefunded.com/funds/item/1634"> How Do I Get Out Of The Catch 22 Of The Vc Process?</a> and the next thing I know its on the homepage, and over 15 people have commented and offered feedback on my dilemma. Awesome right? It gets better.</p>
<p><strong>Monday </strong>- &#8220;Ted&#8221; emails me alluding that he enjoyed the post and would like to help &#8211; I&#8217;m curious how he&#8217;s going to help since no one knows who &#8220;Ted&#8221; is (part of the reason for the publicity of the site).  Soon thereafter this post shows up: <a href="http://thefunded.com/funds/item/1664">Interesting Post, Feedback, and Response</a>, and my iPhone lights up emails from VC&#8217;s, Angels, and sympathetic entrepreneurs (even one Investment Bank in LA).</p>
<p>Wait did you read that last article? &#8211; If you didn&#8217;t, this is my favorite part:</p>
<blockquote><p><em>&#8220;<font>The &#8220;Catch 22&#8243; post has also been picked up by mainstream media, such as this reference in the blogs for <a href="http://upandrunning.entrepreneur.com/2007/09/02/is-there-a-catch-22-of-vc-funding/">Entrepreneur</a> magazine&#8221;</font></em></p></blockquote>
<p>Entrepreneur Magazine!  Sure enough Tim Berry picked up the story and wrote about it, not once, but twice on the blog. He also did a piece on his <a href="http://blog.timberry.com/2007/09/vcs-as-visionar.html">personal blog</a>.</p>
<p>I&#8217;m sure the whole ordeal is not over yet&#8230; but just in case you wanted some numbers to back up how much response that 1 little post got, here&#8217;s what it has landed us so far.</p>
<p>Before this weekend we had:</p>
<ul>
<li>1 interested Angel Group (TechCoastAngels)</li>
<li> A lawyer who was interested in possibly introducing us to a couple VC firms in San Diego.</li>
</ul>
<p>And now, as of <strong>Thursday</strong> we have:</p>
<ul>
<li>2 successful entrepreneurs (with 4+ startups, and at least 1 successful acquisition under their belts) willing to meet and possible make introductions to a few VC firms.</li>
<li>1 Investment Bank in LA interested in hearing our pitch at a lunch meeting, and if it&#8217;s not a hit with them, they would be willing to make introductions to other big VC firms in LA.</li>
<li>1 VC interested in at least having a phone conversation about the our idea.</li>
<li>1 Angels group interested in having us present.</li>
<li>At least 2 other entrepreneurs in similar situations wanting to talk and swap ideas.</li>
</ul>
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			<media:title type="html">mikeglanz</media:title>
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