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fundRazor

500

The half-million fundraising behind Vidly

Chrys Bader on how Vidly completed a round in just over a month

Innovation series by John Bautista
August 28, 2009
Short URL: http://vator.tv/n/9d7


Vidly, a San Francisco-based startup, has raised $500,000 in seed funding from several angel investors, including Ron Conway, who has previously invested in Twitter.

In this segment of fundRazor, host John Bautista talks to Chrys Bader, founder and CEO of Vidly, a Y Combinator graduate that makes it easy to share videos on Twitter.

Bader shares the Vidly story. Like many startups, Vidly's original idea or concept for a company iterated to be something different today. "You have to be very adaptive," said Chrys.

Chrys also talks about why he chose to do a convertible-debt round rather than an equity round, and some of the terms in the deal. 

As John puts it, Vidly managed to do a simple financing, with minor legal costs and a quick turnaround that helped Vidly raise money in just over a month.

  

Related companies, investors and entrepreneurs

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Vidly
Startup/Business
Description: Vidly allows users to share videos on Twitter through their computer, webcam, mobile phone or iPhone.

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