This Week in Startups Packy McCormick’s Not Boring parlay: Angel S6 E3 + Producer Rachel visits Miami Hack Week | E1372
Jan 29, 2022
Packy McCormick, author of the illuminating newsletter Not Boring and founder of the Not Boring Fund, joins the conversation to share his journey of raising funds from readers. He dives into the nuances of the fundraising landscape, discussing regulatory hurdles and innovative investment strategies. Packy reveals where his initial $10M went, highlighting breakout startups and the impact of early-stage IRR. The conversation also explores Miami Hack Week, showcasing the creativity and collaboration of tech enthusiasts.
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Parallel Fund Structure
- Create a parallel fund structure for qualified purchasers and accredited investors.
- This maximizes the number of accredited investors you can include in your fund.
Media-First Fundraising
- Packy's media-first fundraising model, similar to "Patreon on steroids," is relatively new.
- This approach attracts interest from potential LPs who follow Packy's content.
Overly Cautious Advice
- Overly cautious financial advice often harms more than it helps.
- It prevents people from participating in potentially lucrative investment opportunities.