The only thing that could make his advice inaccurate is that he was raising money for such a good startup. And in particular, one with traction. As he points out, traction trumps everything. So this is essentially a report on what it was like to travel through VC land in the express lane. The scary thing is, even then it took 4 months. It might have gone faster if he'd been on the west coast, but it still would have been a big time suck.
Conversely, what consistently decreases the amount of time spent closing a round?
By "obviously good" I mean obviously good to VCs, who as a rule tend to overlook the very best ideas because they seem crazy. So for example it may have slowed things down for Gabriel that he was working on a new search engine, because to many VCs it would seem crazy to try to compete with Google.
But crazy is good when combined with a good entrepreneur and some traction
As for August, I did get meetings before, it just caused trouble because some meetings I couldn't get before, or there would be large period between meetings, which hurts momentum. And that all adds up to it being harder to align the time-line across multiple firms.
That being said, is it possible to see the actual six slides deck ?
--Entrepreneurs who have been funded before from going to events and getting intros through other people over the years.
--I really didn't know many VCs. I met a few through entrepreneurship events in Philly. One through an angel friend a while back. And one I worked for 10 years ago.
If you're at all risk averse, you probably want a percentile more like the 10th percentile payout, but this shows 50th percentile.
That being said, you have to start somewhere, and the best way to do that is to co-invest with people. I would meet local angels and hook up with them.