In Silicon Valley, fundraising has always been a lot like dating—tons of posturing and rejection. But one entrepreneur found a way to use the power of the internet to transform his fundraising round into something more like online dating.
Rewind AI CEO Dan Siroker found a creative way to conduct his most recent Series A funding, as The Information first reported. Siroker made his pitch deck public and created a form for investors to pitch him with how much they were willing to invest in mid-April. He tells Term Sheet he was blown away by the response: He got 170 official offers and over a thousand investors expressed interest. As Siroker puts it, “Before online dating, you can still find love, but the pool of people you potentially meet is much smaller than you if you use online dating. I feel like going out and actually casting a wide net not only gives you a lot more options but also gets you connected with somebody who you might not otherwise have thought to connect with.”
