OK now it’s official, Citysquares has closed our first round. As described in a previous post from last week we raised the money from eCoast Angel Network as well as a couple of angel investors from outside eCoast. I gotta say too, it’s been a total pleasure working with eCoast so far. OK sure, the going hasn’t exactly gone tough but the point I’m trying to make is that I’ve heard nightmares about raising funds, especially the first round, and especially from angel groups. But I rather enjoyed the process! Yes, I suppose I enjoy pain and agony, but I enjoy hard work more, and the fruits that it yields.
We actually secured the round last week, on Friday evening. Bob and I took a spin up to the NH seacoast around 4:30 or so. Up route 128 on the worst day and the worst time of the week. But it didnt matter – we were feeling great. I actually had tickets to the Red Sox/Yankees game that night too, I was supposed to attend with my brother. The first matchup of the season, and I couldn’t attend, and for good reason. Afterwards, Bob and I went out to celebrate a bit – nothing crazy. Some Redbones and then Publick House. Caught the end of the game at Publick House.
This week has been largely operational stuff. Things like getting the new bank account set up, making the deposits, coordinating things with the lawyers, signing documents, getting payroll setup (Bob and I haven’t seen a paycheck in about 20 months, so that was a big priority), the office space, and some PR stuff. Now that all that is mostly done, I’ve been able to catch up on some more important work today, like dealing with our need for a full time business development hire – the “bulldog” as we call it.
So it seems the dust is settling now. The press release is going out tomorrow morning, Mass High Tech is doing a feature story on us, the blogs will surely be buzzing soon enough, and then bang – I’m right back into it Monday. I am more excited for this coming Monday than I’ve been for almost any Monday in quite a while. Reason being: “it’s a new dawn, a new day, and I’m feeling good.” (Nina Simone)
But seriously, next week, the dust will mostly be cleared and it’s game time. Hire our sales people and really get moving. We’ve got a lot to accomplish over the next few months. Bob is focused on the IA for the new platform, Chris is focused on developing brand awareness and business development opportunities out in the streets, and I’m focused on getting the sales engine firing on all pistons and ensuring that Citysquares can quickly and painlessly become a lean, mean, sales-minded company that it’s in it to win.