I’ve just watched Loic’s Stanford speech:
# Loic raised $6 mio from Niklas Zennstrom and 10 others (like Mike Arrington, Reid Hoffman etc.). He wanted to only raise money from entrepreneurs and not from VCs, because he has no businessplan and doesn’t know his revenue model yet → Entrepreneurs understand that, VCs don’t ;-).
# Loic explains his reasons of moving to the Silicon Valley, especially the aspect Europe vs. US. For European Entrepreneurs this is very interesting. Basically it’s about globalization and a much bigger home market. Other reasons are different trust-culture, access to capital etc.
Update from Loic:
How I started Seesmic and raised $6 million