Entrepreneur.com has published an interestingarticle [1] reporting that entrepreneurs are connecting with venturecapitalists on VCs’ blogs – and some start-ups are attracting funding throughthese new online relationships. For example, Paul Edmondson contacted Will Price of Hummer Winblad via his blog [2], and this communicationresulted in a $2 million investment in his online publishing company, HubPages [3].
Here’s another sign of theimportance of blogging in the venture capital world. When looking for a newanalyst [4], early stage VC and prolific blogger Fred Wilson specifically requested“no phone calls, no resumes, no emails” – candidates should only provide a linkto their web presence.
Social media is having – and willcontinue to have – a significant impact on the shape of venture capitaland angel investment in the months and years to come.
Update:
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Links:
[1] http://www.entrepreneur.com/magazine/entrepreneur/2008/march/190166.html
[2] http://willprice.blogspot.com/
[3] http://hubpages.com/
[4] http://avc.blogs.com/a_vc/2008/02/we-are-looking.html
[5] http://www.growthink.com/products/guide-to-angel-investors