Tew: Calm raised over $400k from 12 angels after 100+ meetings
Alex Tew · Calm: Alex Tew and Michael Acton Smith · May 26, 2025 · at 45:34
Alex Tew describes the difficulty Calm faced raising its initial angel round because investors doubted people would pay for meditation.
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“I think in, in the end we raised from about 12, 12 people and they were all individual angels. The biggest concern people had was, how is this going to be a business? You know, you're going to build a business around Calm. You're going to bring meditation. Like, are people going to pay for that? They just, most investors just thought it was an admirable mission and a terrible business idea. But nonetheless, we persisted and cobbled together just over 400,000 dollars”
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