Comments on: $5 million More For 5Min, Following A Painful Angel Round

By: The Far Edge » Blog Archive » ‘How To’ Video Site 5min Raises An Extra $7.5 Million

Fri, 24 Jul 2009 00:57:40 +0000

[...] most recent financing round was $5 million from Spark back in November 2007, following a painful $300,000 angel round (at least it was painful for the [...]

By: ‘How To’ Video Site 5min Raises An Extra $7.5 Million

‘How To’ Video Site 5min Raises An Extra $7.5 Million — Thu, 23 Jul 2009 12:40:53 +0000

[...] most recent financing round was $5 million from Spark back in November 2007, following a painful $300,000 angel round (at least it was painful for the [...]

By: Techieman

Techieman — Fri, 23 Nov 2007 18:06:03 +0000

This is a sad joke on the investors because the only traffic 5min.com is from videos the keep spamming to the top on Digg.

By: James

James — Fri, 02 Nov 2007 20:24:00 +0000

Oded Kattash, former Israeli basketball player and a present day basketball coach of Maccabi Tel Aviv, is known for his killer instinct. He has proven it over and over and in this case once more time. $3.6K for 1.2%, not bad at all.

By: Amy Wilsch

Amy Wilsch — Thu, 01 Nov 2007 20:26:10 +0000

@Don your website freaks me out….

By: Don Wilson

Don Wilson — Thu, 01 Nov 2007 17:58:04 +0000

“Owership” in the graph?

By: Michael

Michael — Thu, 01 Nov 2007 17:08:57 +0000

My question is… angel investors received about ~50% of the company for $300,000. What do the VC’s get for dumping $5 million???

By: Peter

Peter — Thu, 01 Nov 2007 16:12:17 +0000

A painful angel is not necessarily better than no anger.

If you can’t find an angel investor, changes are that:
a. your idea or team is bad
b. you don’t have the connections

In any case, you still have options open to you. Bootstrapping may sound painful, but a bad investor can cause untold amounts of pain too, it’s just that you’ll just notice it later.

By: Velioncho

Velioncho — Thu, 01 Nov 2007 16:10:05 +0000

I thought that is common. I thought founders will get about 10-20% of the company and the rest is all including angel.

Definitely want to learn more on this . Anybody, any links on the typical structure of this in tech startups?

By: Startup News

Startup News — Thu, 01 Nov 2007 15:18:34 +0000

The angels are good business people ….
Sometimes you have to dine with the devil even though we see them as angels too .

By: sputnick

sputnick — Thu, 01 Nov 2007 15:12:20 +0000

Trust me, painful angel better than no angel.

By: veritas

veritas — Thu, 01 Nov 2007 15:04:30 +0000

@John (#19):

You can’t even properly pick apart a company. It’s ironic that you’d shout down 5min for “inventing words” and “ruining the language” while your writing is poor and riddled with grammar mistakes.

Seriously… let Uncov handle the bashing. They’re much better at exposing real fails than you are.

@Arrington:

Can you clarify what sort of “roll” they’re on? Traffic #’s up or what? I can’t say I’d use 5min all that much, but their video player is nice

By: Manoj Kumar

Manoj Kumar — Thu, 01 Nov 2007 13:50:45 +0000

Yep, but this would be a common case in the case of first-time (or rare) investors. They tend to think that they give out the money and hence the founders are their employees.

By: John

John — Thu, 01 Nov 2007 13:38:27 +0000

Here’s what I think of 5Min

http://techwast...-something.html

By: Ouriel Ohayon

Ouriel Ohayon — Thu, 01 Nov 2007 13:25:17 +0000

Too bad they did not call it 6min. they might have gotten 6 millions

By: N.Cauldwell

N.Cauldwell — Thu, 01 Nov 2007 13:14:47 +0000

Mike – I find this fascinating, and I’d love to read more posts like this on TC.

How much of the company do you think the founders should have given for the $300k?

By: josh

josh — Thu, 01 Nov 2007 12:43:06 +0000

They should be happy they got this amount of money. Come on, what makes it different then YouTube, Metacafe, or any other video sites? Slow motion? WOOOOOOOO

By: huh?

huh? — Thu, 01 Nov 2007 12:41:06 +0000

how come google opensocial don’t work?

By: Colin Klinkert

Colin Klinkert — Thu, 01 Nov 2007 12:29:25 +0000

Giving them great exposure! Im on the verge of launching a massive new web 2.0 site and would kill for exposure on TechCrunch!

Plus, info that is in the public domain is fair game

By: Steve Ballmer

Steve Ballmer — Thu, 01 Nov 2007 12:25:52 +0000

Interesting article!
I didn’t understand it, but it was well written, concise and no mispellings.

http://fakestev...er.blogspot.com

By: MJ

MJ — Thu, 01 Nov 2007 12:25:04 +0000

oded katash?

By: Pretty

Pretty — Thu, 01 Nov 2007 11:49:21 +0000

I think this is a bad side of Techcrunch – to publish things that are so intimate for founders.

Here ia a company that I really like, great guys (I also heard one of them in NY on Tuesday) – that are also going to make it (it appears) and you Michael, for the sake of exposure, take all their private decisions and publish them

Blogs can be real great and real dirty!

By: Jon

Jon — Thu, 01 Nov 2007 11:00:45 +0000

I can think of a good Kenny Rogers song that the founders should have taken to heart before entering an Angel round of financing for such a SMALL amount! It doesn’t make much sense… 300K is a drop in the bucket for 50% of a company with this type of potential… the angel flew over their radars on this one.

Jon

By: Shams

Shams — Thu, 01 Nov 2007 10:51:13 +0000

These are Human-Angels. So they will have strong bite for every profit company will make. Better not to look for angels. I don’t understand why when so many people are working in a team need angels. They can use their intelligence, spirit and motivations to develop and enjoy the success their own. The company is less spirited from the beginning – this is what I feel.

By: Allen Stern

Allen Stern — Thu, 01 Nov 2007 10:36:57 +0000

Joseph – I could be wrong but they specifically said he wasn’t an angel on tuesday in nyc – but he is an angel of Kaltura!