fundRazor

500

The fundraising behind Posterous

Garry Tan and Sachin Agarwal on saving money by raising a $750,000 note rather than an equity round

Innovation series by John Bautista
August 21, 2009 | Comments (2)
Short URL: http://vator.tv/n/a20


Garry Tan and Sachin Agarwal co-founded Posterous, whose technology makes it easy to publish and share content on the Web, via email. There are two billion email accounts, but only 200 million blogs, leaving 1.8 billion people to reach with the Posterous technology, said Tan.

In fundRazor, host John Bautista finds out how the founders went about raising $750,000, from key angel investors, such as Satish Dharmaraj, founder of Zimbra and Eric Hahn, CTO of Netscape. And, he explores the advantages of raisimg a convertible round with a fixed valuation cap rather than a seed round. 


Related companies, investors and entrepreneurs

Thumb_6792_m2u01132
Posterous
Startup/Business
Description: Posterous is the easiest way to post rich media online. Simply compose an email to [email protected], including any text and attachments...
500
John Bautista
Partner,
Orrick
Bio: John Bautista, a partner in Orrick's Silicon Valley office, is a member of the Emerging Companies Group, which advises emerging companies...
17288
Sachin Agarwal
Co-founder and CEO,
Posterous
Bio: Sachin Agarwal is a product designer inspired by Apple, Audi, and Amazon. He's never owned a PC. Sachin worked at Apple for 6 years ...

Comments

Comment_gbg
James DeMarco, on August 26, 2009

Exciting start up, easy to use and applicable. Looking forward to following these guys.


Jeremy Campbell
Jeremy Campbell, on August 27, 2009

I really enjoyed this interview, good job guys.

That's an interesting route that the Posterous guys and their investors took, and it sounds like it will work out very well for everyone involved.

The most important take away here though is that they found investors who had great track records and who could directly benefit them with their ideas and related industry experience.

Entrepreneurs need to find the right investor partners before they worry about who has the most money to offer them.


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