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5.0 Howard and Bill
Fund: Draper Richards
Posted by joescout on 2007-07-02
I met Howard Hartenbaum and Bill Draper 3 weeks ago through a referral from another VC. We had just 2 days earlier closed a small seed round with a small VC and a group of angels. They gave great feedback, asked great questions, and followed through with an investment exactly as promised.
Howard and Bill scheduled around me and agreed to meet me first thing in the AM - I showed up 10 minutes early and we started right away. Both asked great on point questions as they had prepared in advance and obviously read the ppt and executive summary I had provided them a day before the meeting. It was also clear by their questions, they had done some phone calls to learn more about me and the business already.
I only showed one slide (the business model) as the questions and answer discussion was on track and covering the key items I wanted to cover. 50 minutes into the meeting - Bill turned to Howard and they talked about what they thought to each other (in front of me). They then agreed to fund the same amount on the same terms as the original VC and add to our just closed round. They agreed to make it happen in a week subject to them checking 2 references on me. 7 days later they sent their signature pages and wire as agreed.
Summary - I have not worked with Howard and Bill before - but based on their great questions, track record, and doing what they said they would so far - I am super excited to have them involved.
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