Founders Sometimes Cut Off Angel Investors After Raising Institutional Rounds, Kepes Says
Ben Kepes · How This Angel Investor Got $20k Check into Cloudability, 40% Checks Still in Play · Mar 3, 2023 · at 7:52
Angel investor Ben Kepes reflects on how founder communication drops off after startups raise larger venture rounds.
0:00 / 0:15exact quote · 16.0s
720p mp4 · rendered on demand · StarZero watermark
“I mean, I've had not with CloudAbility, but with other companies, I've had sort of the email from CE saying, hey, we've done Series A, B, C, whatever from now on, we probably won't be updating you ever, and I won't reply to your emails, kind of thing, which is a little bit jarring.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Ben Kepes
Ben Kepes Avoids Angel Networks Because They Are 'Kind of Douchebaggy'
“So, you know, one option is to get involved in an angel network. I'm not so big on that because it's kind of douchebaggy.”
Work-Life Balance Is Impossible for Scaling SaaS Founders, Kepes Argues
“And the reality is that as a SaaS founder, no matter what people say, you don't have that balance because you have to focus because it's a short life cycle. And in order to scale to the level, To see the outcome you need to be hustling.”
CEOs Cannot Be Completely Honest With Employees, Must Rely on Boards
“The reality is a C it's super hard because you can't be completely honest with your employees because, you know, at the end of the day, the buck stops with you. And so, Your board members, you should absolutely see them as a sounding board that you can be tota…”
Angels Should View Invested Capital as Payment for the Experience
“For an angel, don't invest anything you're not prepared to lose. When you do invest, really enjoy the ride, but you, you're kind of paying for the ride, and if you have an outcome at the other end, that's a bonus, and so I don't think about that money.”