Dinner in Seal Beach.
Chris Seib ‘00, currently CTO for Instamed Communications, a mature start-up specializing in providing transactions systems software to medical providers (see their web-site at http://www.instamed.com). To introduce a very provocative topic for discussion from the audience. Instamed is considering a new funding round, but hasn’t yet decided between a modest round of $1 million, targeting individuals or small VC firms, or a more ambitious target of $3 million to $5 million, targeting some of the larger VC firms in this market. There are a lot of complex tradeoffs to be considered in such a decision. This is a typical problem that is often faced by a growing startup.