Matt Preuss's posts

5 Insurance Policies You Should Understand Before Securing Your Next Funding Round

While you’re busy launching your startup and talking with investors, insurance might not be high on your priority list. But as you start planning to raise your next round, keep in mind that commercial insurance will most likely be a requirement of securing venture funding. Not having insurance can even slow down funding, so it’s wise to get the coverage you need ahead of time to avoid closing new rounds.  Venture capital firms often require certain policies to help mitigate the risk associated with investing in your startup. Here we’ll explain five key policies you should understand to help make your next funding round as smooth and seamless as possible. Directors & Officers (D&O) Insurance D&O insurance will likely be the first policy you need to have in place to…

Best Practices for Portfolio Management

Getting regular, high quality, and actionable data from portfolio companies is important. It allows you to make better decisions, support your portfolio, share insights with portfolio company founders, report to LPs and more. This practice should also be highly valuable for founders. They should be able to share wins, challenges and get help from you, their stakeholder. It should only take them 3 minutes to complete (if not, either something may be wrong with the request or structurally wrong with the company). Below are some best practices to make sure you get: Timely information (e.g. 100% completion) Structured data(comparing apples to apples) Actionable insights (how can we help companies) Timing & Cadence Same time every period Set the expectation that you will be sending a request the same time every…

Webinar — Leveraging the Venture Tech Stack to Source New Deals

Finding deal flow is a daily challenge for investors. Every investor has their own “secret sauce” for sourcing new deals. However, there are underlying technologies that investors can leverage to better their deal flow. Join us on July 29th for a webinar on how to leverage the venture tech stack to source new deals. We’ll be co-hosting with Ablorde Ashigbi, CEO @ 4Degrees, as we discuss how investors can increase deal flow. We’ll cover: Using tech to uncover and find new deals Best Practices for Managing Potential Investments & Relationships Best Practices for managing current portfolio companies Other tech in the VC toolkit 5 minute demos of Visible and 4Degrees Join us for this webinar and learn about leveraging technology to source more deals.   Save Your Spot About Ablorde Ablorde…

What Should be in an Investor Data Room?

An investor data room is a powerful tool to better your odds of a quick and efficient fundraising process. When setting out to raise capital for your business investors will often ask to see past financials and historical metrics. Having an investor data room prepared is a surefire way to speed up the process and impress potential investors. Andrea Funsten is an investor at Basecamp Fund so it is safe to say she has seen her fair share of startups. An easy way to impress Andrea and get her to move forward with the deal quickie? A data room.  As Andrea Tweeted, “Even as early as the seed stage, an organized data room can make you stand out from the crowd. Sharing a list below of items that I received…

NextView Ventures Seed Investor Update Template

NextView Ventures is a hands-on seed venture capital firm based in Boston. The team at NextView makes 10-12 investments a year so its fair to say they’ve seen their fair share of investor update email templates. David Beisel, Partner at NextView, recently put together a great seed investor update template for startup founders. As David Beisel, partner at NextView Ventures, wrote in his investor update post, “First and foremost, investors (whether they say it or not) prefer over communication of what’s happening at the company, both the good and the bad. And a regular update with candor about what is going well and what is not signals an orientation towards transparency, which in turn engenders trust. This trust can yield benefits later on if the company faces a challenging situation…

Pitch Deck 101: The Go-to-Market and Customer Acquisition Slide

Over the last few months we’ve directly helped a few of our customers with their venture fundraise. One of the questions that continues to come up is, “how should I display my sales and marketing plan in my pitch deck?” In order to best help our customers, we’ve set out to research and find out how to best display go-to-market strategies.   Your Business Model Your business model often goes hand-in-hand with your go-to-market and customer acquisition strategy. At the end of the day, an investor needs to make a return on their investment. In order to do so, investors need to clearly understand how your company will make revenue.  In the Guy Kawasaki pitch deck template, Guy suggests sharing your business model in slide 5 and following that with your…

Startup Term Sheet Template from Y Combinator

Term sheets can be intimidating as a first time founder. As it is likely the first time you’ve seen a term sheet, the intricacies of the deal can be difficult to understand. You can spend hours trying to understand a term sheet and what exactly makes up a “good” term sheet. As the team at YC writes, “we’ve noticed a common problem: founders don’t know what “good” looks like in a term sheet.” If you’re looking for a more thorough breakdown of a term sheet check out our blog post, “Navigating Your Series A Term Sheet.” In order to help founders best understand their term sheets many firms and individuals have come up with their own term sheet templates. In fact, many investors and founders now use a 1 page term sheet template. As…

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