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Read more carefully: He was comparing specifically to Kevin Systrom in Burbn days, before it pivoted to Instagram. In Burbn days, Kevin didn’t have any users, just some of his friends, yet got $500k funding.

]]> By: Anonymous https://startupsanonymous.com/question/anyone-read-bullshit-just-best-pitch-life-not-entitle-money-whether-youre-ethnic-minority-not/#comments/10210 Thu, 23 Jul 2015 18:51:43 +0000 https://startupsanonymous.com/?p=2269#comment-10210 In reply to Anonymous.

1000 users isn’t enough traction. He was trying to compare himself to the founder of Instagram. Jhamar Youngblood is a fool.

]]> By: Anonymous https://startupsanonymous.com/question/anyone-read-bullshit-just-best-pitch-life-not-entitle-money-whether-youre-ethnic-minority-not/#comments/10203 Thu, 23 Jul 2015 05:00:00 +0000 https://startupsanonymous.com/?p=2269#comment-10203 Most of you are missing the point: The fund (Intel Diversity), which just launched, SPECIFICALLY ADVERTISED AS SEED MONEY FOR EARLY STAGE STARTUPS. It wasn’t until the pitch meeting that the founder was told they’re actually series B.

His 1,000 users were gained organically (ie without ads, so imagine how much more can be gotten with promotion) two months after launch, not over a longer period like some think. Compare to others get 500k even without users, which was his main point.

The fund associate gave the usual generic answer which doesn’t mean shit.

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