It’s been a week of … moving
This past week has been so crazy I can’t believe it. In the most literal sense, my wife and I spent most of last week and the weekend moving to a new home. The whole process — packing, cleaning, lifting, organizing, etc. — is something that I don’t particularly enjoy.
On top of that, things have been wonderfully crazy at FundingUniverse.com. Just yesterday, we launched the first ever VideoPitch service. I’m super stoked about the new tool because it will really help entrepreneurs to get in front of angel investors. I started thinking about the impact that it could have if used properly…
When an entrepreneur is seeking funding from an angel investor, it is a difficult process. First of all, it’s hard to know who is an angel investor. If I do know someone that is an investor, it will probably be difficult to get a meeting with him/her because they are so busy. If I do happen to get a meeting with him/her, I’ll probably want to take him/her out to lunch (which would cost about $25-$30). After I have taken that person to lunch, I will have spent 1-2 hours — and that’s only 1 investor. That’s a lot of time and money spent that could’ve been used elsewhere.
If the same entrepreneur spends the same amount of time (1-2 hours) and a comparable amount of money ($35) preparing and recording a VideoPitch, you could get in front of a lot more investors and be much more effective.
Anyway…back to moving. In addition to moving homes and moving the VideoPitch along, we are also moving forward on a couple of really exciting deals. (As soon as they are closed, I’ll share the secret
). With all of this “moving” going on, I haven’t had much time for blogging or sleep. As soon as things slow down…I’ll catch back up!

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