Financial-planning startup Mint, winner of the TechCrunch40 Award, finally announced that it raised $4.7 million from Shasta Ventures (which led the round), First Round Capital, and angels including Google investor Ram Shriram, and executives from eBay, Intuit, Google, Yahoo, Charles Schwab, Wilson Sonsini, Reuters, Adteractive, and Weblogic/BEA.
The round actually closed in April, but has not been announced until today (which means a second round may be around the corner). There was also a seed funding in October in which First Round Capital put in $325,000 (and then increased their ownership in the April round). CEO Aaron Patzer shares this tidbit with me how Shriram came aboard:
Ram Shriram actually came in about a month after we closed our round. At the time we only had about $200k open in the round. Unlike most investors (who wait a week, talk to their friends, bring you back for multiple meetings), Ram said “Okay, I’m in” before I was done with the presentation. He then explained that he had no upper limit on what he could invest (good problem to have!), but that his accountants lose track if he doesn’t invest at least $500k. So needless to say, we opened the round up a bit.
Needless to say.