The scoop behind Scoopler's fundraising

John Bautista · July 9, 2009 · Short URL: https://vator.tv/n/944

Co-founder AJ Asver shares fundraising tips and why Y Combinator is a good home for startups

Scoopler is a graduate of the Y Combinator program in Silicon Valley. The real-time search engine, which came together in 2008, has just closed its seed round of funding.

In this segment, John Bautista talks to Scoopler co-founder AJ Asver about how he and his co-founder Dilan Jayawardane raised their initial round of funding, and why they chose to do a debt round rather than an equity round.

He also talks about why being backed by Y Combinator is like "being put into a bazooka and shot out."

Y Combinator is a high-profile and respected venture capital company focused on investing no more than $20,000 at the earliest stages of a company's life cycle.

John Bautista

All author posts

Related Companies, Investors, and Entrepreneurs

Xoopit

Startup/Business

Joined Vator on June 17, 2008

We are creating Xoopit to help you take the effort out of organizing and retrieving your digital life, wherever it is. There's too much stuff out there and it's impossible to keep your fingers around it.

It's time to clear the clutter...

Xoopit's innovations in search engine technologies allow to deliver the next generation of search, productivity, and social media applications to Internet users.

Our passion is in building smart, simple applications that work for you. We've all grown tired of fussing with applications to get things done. Over the coming months, we will be rolling out a series of applications that make finding and repurposing your information 1 click or query away.

The company was founded around the baristas of San Francisco and through hundreds of hours of personal interviews. Most of these meetings felt like psychotherapy sessions. Relating to all of you is what drove us to build Xoopit.