Google had substantial traction before raising any funds, which enabled its founders to secure favorable terms in their early fundraising rounds.

AngelList is the world's largest platform for online fundraising and recruiting for startups, bringing venture capital online.

We raised seed funding from Andreessen Horowitz, Greylock, and Benchmark, who understood marketplaces well.

Our first fund was successful, with significant investments in companies like Skype and Instagram, which validated our approach and strategy in venture capital.

AngelList helps founders fund other founders and recruit great talent, standing for underdogs in the startup ecosystem.

Angel investors use their personal funds to invest in startups in exchange for equity, typically after the business has some validation but before it's ready for venture capital.

The first users of Stripe were mostly from the Y Combinator community or friends of those who had gone through YC, which helped us gain traction.

We raised a later stage fund to support hard tech companies that need significant capital, as many investors are not willing to provide that.

Angel investors often have experience in high-growth startups and can provide flexible terms and quick investment decisions, but they take equity and may have strong opinions about the business.