I Kickstarted to begin working on The OpenPhoto Project [1]. I had quit my job already so even if it didn't get funded I was going to start the project.
We successfully raised about $25k [2] about 14 months ago. It took that long before we could get any additional money since the service we were offering (similar to what Automattic does with Wordpress, wasn't generating revenue yet).
I spoke with a handful of angels and seed stage investors. Never got much traction with them. Applied at the standard incubators and got a few interviews but no offers.
Oddly, what did stick was a fellowship we received from The Shuttleworth Foundation [3]. It's been an interesting journey at what started with traditional angel and VC funding to something more in line with our vision, a fellowship from a foundation that focuses on "open".
I've got ton of blog posts about the experience so far...
We successfully raised about $25k [2] about 14 months ago. It took that long before we could get any additional money since the service we were offering (similar to what Automattic does with Wordpress, wasn't generating revenue yet).
I spoke with a handful of angels and seed stage investors. Never got much traction with them. Applied at the standard incubators and got a few interviews but no offers.
Oddly, what did stick was a fellowship we received from The Shuttleworth Foundation [3]. It's been an interesting journey at what started with traditional angel and VC funding to something more in line with our vision, a fellowship from a foundation that focuses on "open".
I've got ton of blog posts about the experience so far...
[1] http://theopenphotoproject.org
[2] http://www.kickstarter.com/projects/jmathai/openphoto-a-phot...
[3] http://www.shuttleworthfoundation.org/fellows/jaisen-mathai/