Building a startup 5,000 miles from Washington, DC
I am writing this post from a gorgeous, modern co-working space in Santiago, Chile, and, yes, it is the middle of Spring in November down here in the southern hemisphere. I am from Rockville, MD, and – while I miss my family and friends in the DC-area greatly – I am constantly reminded of the [...]
Uppidy Raises $300k, expanding their funding wallet to $550k
Uppidy, a Washington area startup (technically Columbia, MD, but the company is virtual) that launched six months ago has just announced their raise of $300,000 which is in addition to a previous raise of $250,000 (according to the team). Investors in the deal included others who were not disclosed. The company helps [...]
Seva Search Raies $1.3 Million Series A
Seva Search, Potomac, MD, has just announced their raise of a $1.3 Million Series A round. The company offers a local search engine that connects consumers with local businesses in near real-time via the Seva Call proprietary platform. Consumers save time while Seva Call finds high quality businesses that can meet their needs at their [...]
*Clearspring Adds New CEO: Yahoo! Alum Ramsey McGrory
Tyson’s Corner based *Clearspring has just announced the changing of the guard at the highest level. Yahoo! Alum Ramsey McGrory is CEO of *Clearspring. Founder and CEO Hooman Radfar will continue to be involved as the company’s Executive Chairman. McGrory lead the Yahoo! US data business and Right Media, pioneer of the digital advertising [...]
PlaySay Announces Raise of $570k
Washington, DC based PlaySay announced earlier today that they raised $570k. Investors in the deal, which took place quite some time ago (details disclosed publicly today) include Kevin Yu, former director of PayPal Japan, Sean Glass (Novak Biddle Partners), and Novak Biddle Venture Partners. PlaySay’s offering is a language learning method enables friends [...]
DC Based Fast Customer Raises $750k In Seed Funding
Washington, DC based startup company Fast Customer announced their raise of $750k in seed funding today. Their mobile application helps customers of companies to bypass the hold music and get a call back. They plan to use the money to extend the app to new platforms, acquire new customers, and grow the company. Investors involved [...]
Kryptonite Angel Round Terms
Here’s a list of the top 5 deal terms that cause harm to startups at the seed financing stage and therefore should be avoided:
5. Control
“Control” of a startup can manifest itself in various forms such as equal (or investor-favorable) representation on the board of directors or a requirement of obtaining seed [...]
