Fomo Secures First-Round Funding with 140 Angel Investors, Now Exceeding 200 Total

August 29 news, fomo co-founder Se Yong Park stated that the company's first-round funding involved 140 angel investors, and the cap table now lists over 200 angel investors. He believes that early-stage founders often misjudge the relationship between the company and angel investors, and should view angel investors as "call options" betting on the product's success. Se Yong Park pointed out that even if a company attracts well-known tech CEOs, celebrities, or athletes to its shareholder roster, the likelihood of them providing substantial help in the early stages remains very low. As the company scales and the product matures, when angel investors begin to genuinely use the product and feel proud of it, they will be more motivated to proactively share the product with others, thereby helping the company reach more potential users.