Raising small angel checks prevents investors from gaining leverage over founders
Dustin McCaffrey · Building in Public, He Sold Side Project for $10k, Then Launched Jolt, Now at CopyAI · May 1, 2021 · at 15:53
Dustin McCaffrey, an early engineer at Copy.ai, discusses founders Chris Lu and Paul Yacoubian's strategy of taking small angel checks during early fundraising.
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“Really the goal and part of what Chris and Paul have done from the beginning is like, let's raise a little bit from a lot of people. We're getting so off topic, but I think that's really smart, right? Cause everybody has a little bit of skin in the game, but nobody has enough that, that it's like, you feel like you have to listen to them.”
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