#3/2019
“Seed is really hard. You lose way more than you win. You wait the longest for liquidity. You lose influence as larger investors come into the cap table and start throwing their weight around. It is where most people start out. Making angel investments, raising small seed funds. They learn the business and many see better economics higher up in the food chain and head there as soon as they can. If you hit one or two right, you can make a fortune in seed. But those bets take a long time to get liquid. And if you don’t hit one or two right, you end up with a mediocre portfolio." - Fred Wilson Deals Zenoti raises $20 million to manage salon and spa bookings ( venturebeat.com ) Startup developing booking software for the spa and salon industry. Enables customers to pay directly from a mobile app after their appointments and automatically check in when they walk into a store Appointment scheduling software market anticipated to be worth $360 million by the end of 2024 Cloudtalk custom