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If you have a great idea,
you want to try to get it funded and how do you get it funded
and we're going to talk a little bit more about that.
Well, you don't go directly to Kleiner Perkins.
That would probably not be the right place to start.
What you probably want to do is find some people that are going
to help you and I'm going to talk about this a little bit more
and many times that first money comes from friends and family,
it might come from angel investors and now
angel investors are changing a great deal,
not as much in life sciences where they do exist,
and there was what called bands of angels
but really in the digital side,
where the super angels are really coming forward.
And these are people that not only writing small checks,
but they are starting to write larger checks and so people are
coming potentially to venture capital a little bit later.
So normally those angel rounds are - could be $50,000,
a few hundred thousand dollars,
maybe up to a million or two dollars and that's
normally when we see people coming to us,
where they've raised about a million or two dollars and they're looking
for their first quote through institutional round of financing.