“Better team, better product, better market. The trifecta,” said Jeremy Fisher, cofounder of the travel-centric site Wander, which hit gold with a viral marketing campaign earlier this year. He was referring to the secret as to why he struggled for a year with one product before hitting a triple with the next. Mr. Fisher, his cofounder Keenan Cummings, and a team of three developers just scored $1.2 million from SV Angel, Google Ventures and other top-shelf funds. Wander is also in the current class of TechStars NY.
Mr. Fisher, a former Morgan Stanley banker, had been pitching Dinevore, a restaurant discovery and sharing tool, for more than a year. About half his current investors passed on Dinevore, he said. “It just seems to take, in many cases, about two years to really get to a good place,” he said, citing fellow New York startup Yipit, which endured a dressing-down from Founder Collective before going on to find success. “The product itself owes a big debt to lots of lessons that we took away from Dinevore. Which still exists, by the way. People are still using it.” Read More