fomo Co-founder Announces Completion of Seed Round with 140 Angel Investors

ChainCatcher news, fomo co-founder Se Yong Park announced the completion of its seed funding round, which involved 140 angel investors, bringing the total number of angel investors on the cap table to over 200. He stated that early founders almost always misunderstand the dynamic between themselves and angel investors, and should view angel investors as a call option on the product's success. Even with tech CEOs, celebrities, and athletes on the cap table, the likelihood of them providing early-stage help is close to zero. As the company scales and builds a product that angel investors genuinely want to use and are proud to share, more people will naturally recommend it to others.