151. Sixty Angels feat. Abby Mercado @ Rescripted
Rescripted has over 60 Angels on its cap table. How did they do it? Networking "like a crazy person."
About Rescripted
Reaching 9M people monthly, Rescripted is the #1 global media platform for women's health and fertility, providing content, tools, and resources for wherever you are in your reproductive lifecycle. Learn more at rescripted.com, and follow along at @hellorescripted on Instagram and TikTok.
About SpringTime Ventures
SpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $600k. You can learn more about us and our approach.
About Rich Maloy
Rich’s mission is to rebuild the American dream through entrepreneurship. He believes technology gives all people the opportunity to grow, learn and earn. He is a Managing Partner at SpringTime Ventures and the host of the VC Minute podcast. With prior careers in finance and sales, he's been focused on the startup ecosystem for over a dozen years. He's a father of two young children and loves sci-fi, skiing, and video games.
We found our angels through networking like insane people, mostly me networking, like an insane person. We've put 3 million into the business and we have 60 different angels on our cap table. It takes a lot of work. Rich's mouthing"Wow" on mute right now. It takes a lot of work and you've gotta be scrappy and really go to the very depths of your network. Who'd you go to high school with? Who'd you go to college with? I'm from Dallas I tried to get involved in the Angel network in Dallas, playing that hometown girl kind of thing even though I live in Denver. Get involved in the angel community is within your ecosystem. I live in the front range and so I sure as hell am going to every single event I possibly can in the Denver, Boulder area. If you have particular ties to various areas like New York or SF, make sure you're networking working in those places as well. Also get a PitchBook login if you can. That was a really valuable resource for us. If you have a law firm that you work with, they can often be really good in terms of helping you access some of this data. They're on your side if they wanna see you close this round cause they get paid. And hopefully they're good people as well. There's multiple different ways to find, different angels. You've just gotta be bold with your ask and know that times of the essense. Be upfront with your ask and be bold about it.
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