Matt Preuss's posts

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…

By Matt Preuss - July 7, 2020

Fundraising Levers — Managing the Supply & Demand of Your Startup’s Fundraise

Elizabeth Yin is the Founder and General Partner at Hustle Fund (and one of our favorite follows on Twitter). A few weeks back she Tweeted that fundraising is all about managing the supply and demand. As she put it, “Supply of your round. Demand from investors.” (To pick Elizabeth’s brain on the matter, we hosted a webinar with her last week. Check out the recording here.) 2) Before I dive into what this is, let’s take a step back. Fundraising is all about supply and demand. Supply of your round. Demand from investors. It’s hard to control demand from investors. But you can constrain the supply in your round to get it done. — Elizabeth Yin (@dunkhippo33) May 29, 2020 Rewind to your Economics 101 course and you’ll remember the…

By Matt Preuss - July 2, 2020

7 Fundraising Takeaways From Our Webinar with Elizabeth Yin

Last week, we had the opportunity to talk to Elizabeth Yin of Hustle Fund. Elizabeth Yin is a co-founder and General Partner at Hustle Fund, a pre-seed fund for software entrepreneurs. Previously, Elizabeth was a partner at 500 Startups where she invested in seed stage companies and ran the Mountain View accelerator. In a prior life, Elizabeth co-founded and ran an adtech company called LaunchBit. Our CEO, Mike, and Elizabeth chatted about all things related to fundraising. Elizabeth shared what she has seen in the VC market over the past few months and how founders can manage the supply and demand of their round. Check out the video recording or our favorite takeaways below:     Now is Actually a Good Time to Raise Fundraising in good times and bad…

By Matt Preuss - July 1, 2020

[Webinar] Fundraising in Today’s Environment with Elizabeth Yin

Fundraising is hard. Fundraising in the current environment can almost feel impossible. Being able to bring capital in to grow your business is a skill that all founders should hone. Join us on June 24th for a webinar on how to raise capital in today’s markets. We’ll be co-hosting with Elizabeth Yin, General Partner at Hustle Fund, as we discuss how founders can go about fundraising today. We’ll cover: How the state of the venture capital has changed over the last 6 months How fundraising has changed over the last 6 months How to create supply and demand while fundraising How VCs think and work so you can better your odds of raising Plus, plenty of time to answer your questions Join us for this webinar and learn about fundraising…

By Matt Preuss - June 23, 2020

The Guy Kawasaki Pitch Deck

Are you building your first pitch deck? The Guy Kawasaki pitch deck is a great place to start. It is not easy getting started on a pitch deck for you startup.A great pitch deck is concise, but thorough, informative, but not boring, simply designed, but with personality. Although you have a wealth of knowledge on your startup and market it is often intimidating trying to get everything you want to say in just a few slides. Enter: the Guy Kawasaki Pitch Deck Template. Who is Guy Kawasaki? Guy Kawasaki is a marketing specialist. He worked for Apple in the 1980s and is responsible for marketing the original Macintosh computer line in 1984. Guy is infamous for coining the term evangelist in marketing. He might be most famous for his simple pitch deck template…

By Matt Preuss - June 8, 2020

4 Takeaways From Our Webinar with Scott Dorsey

Leading under the current circumstances is an audition to lead for the coming years. Being able to step up as a leader amid the COVID-19 pandemic is an opportunity to cement a strong future for your company and yourself. Last week, Scott Dorsey, Managing Director of High Alpha, joined us to chat about all things leadership and fundraising (you can check out the recording here). Prior to High Alpha, Scott co-founded ExactTarget and led the company as CEO and Chairman from start-up to global marketing software leader. ExactTarget went public on the New York Stock Exchange in March of 2012 and was acquired by Salesforce in July of 2013 for $2.5 Billion. Post-acquisition, he led the Salesforce Marketing Cloud which encompassed 3,000 employees around the world. It is safe to…

By Matt Preuss - June 3, 2020

Webinar: Leadership & Fundraising During Uncertain Times

Leading under the current circumstances is an audition to lead for the coming years. Being able to step up as a leader amid the COVID-19 pandemic is an opportunity to cement a strong future for your company and yourself. Join us on May 27th for a webinar on how to lead and raise capital during uncertain times. We’ll be co-hosting with Scott Dorsey, Managing Partner at High Alpha, as we discuss how strong leadership can help your company succeed in the future. We’ll cover: How to communicate with team members, investors, and customers during uncertain times How to be an effective leader through turbulent moments How Scott started ExactTarget during the dot com bust, managed The Great Recession, took a company public, and was eventually acquired by Salesforce for $2.5B…

By Matt Preuss - May 21, 2020

Dr. Dan — The Burdensome Investor

Raising capital is hard. Raising capital during a pandemic can feel impossible. As we discussed with Lolita Taub in our webinar last week, more founders are looking for alternatives to venture capital. Founders are looking to solutions like Pipe, Earnest Capital, ClearBanc, Angels, Friends & Family, among others. Raising from angels and friends/family came into focus during our webinar with Lolita. Note: Check out our “How to Find Angel Investors” guide if you’re searching for angels for your business. Friends and family often make for an easier fundraising process. Less stringent due diligence combined with less pitching can make friends and family be an attractive option. However, a friend or family member could be less startup savvy than a traditional VC and can become a burden to you and your…

By Matt Preuss - May 18, 2020

Founders Forward Newsletter — May 7th, 2020

Want to receive the Founders Forward in the future? Subscribe to the newsletter here. Fundraising [Webinar Recording] The First-Time Founder’s Guide to Fundraising with Lolita Taub Our CEO, Mike, and Lolita Taub discussed all things fundraising amid COVID-19 in our webinar yesterday. If you weren’t able to attend, we’ve got you covered. Below is the page with the webinar recording, plus links to all of the resources we shared during the webinar. The Fundraising Market has Changed, but not in the way I Thought Tomasz Tunguz, VC at Redpoint Ventures, studies recent venture data to understand how COVID is impacting the fundraising environment.   What’s Really Happening in Venture Capital, Right Now Jason Lemkin, Founder of SaaStr, shares 5 points to explain what is happening in venture capital right now.…

By Matt Preuss - May 8, 2020