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Jason Calacanis


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Low-balled investment offer and kept trying to push us to join his accelerator. Didn't want to use SAFE, wanted convertible note with interest and a board seat for a small pre-seed round.
Verified Investor Response:
Thank you for your feedback, and I'm sorry you had a bad experience with our firm. Our advice to founders is to do our accelerator (or YC or Techstars) if you need help meeting investors to raise your next round. If you can easily find a quality lead to raise your next round of funding, I would skip going to an accelerator, take the cash, and get back to work. Most founders see us joining their board as a feature, not a bug, as having me on your board will signal venture worthiness to downstream investors. Many founders are getting bad advice, telling them to push off forming a board until they raise their Series A. Getting a couple of short, one-hour board meetings in before you get your Series A done will help your startup land quality investors and avoid many pitfalls. All the best, Jason.
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