The full story

February 14th, 2008

You might know that I’m very interested in entrepreneurship and all the things around it like start-ups, VCs, Business Angels, their investments, how small companies grow, exits, IPOs and all that stuff. That’s why I’m studying Entrepreneurial Finance and why I’m working for fon.com, a new company founded by Martin Varsavsky (Wiki).

Loic Le Meur (Wiki) wrote a new post in his blog about his start-up Seesmic: “How I started Seesmic and raised $6 million“.

Among others, he talks about how his life changed for him and his family:

In two months, we changed our life, our house, the kids’ school, our main language switched to english (keeping our accent, though !), got our 5-year long investors visa in the US. I changed phones and computers, leaving my ten-year old business network and friends in Europe.

But really interesting is his openness about all his investors, his private network full of amazing people and how he raised $6 million!

I closed the initial funding of Seesmic in September 2007. The main investment came from Atomico’s Niklas Zennstrom and Janus Friis (they invested $5.5 million on the $6 million). Talking to bloggers all the time, I have not been very good at keeping the secret as Om Malik was the first to talk about it on October 8, 2007. On November 28, Liz Gannes got almost the entire list of investors right. We have never really hidden the funding as a partial investor list was even on our company backgrounder at the last Demo conference (by the way see our DEMO videoif you want to learn about Seesmic in 6 minutes). So the only real news today is the full list of investors.

So jump over to his blog and read the story! It’s worth it!

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