Matt Preuss's posts

Ready to Make the Jump from Seed to Series A? Think About These 3 Things.

Raising a Seed round is an incredible accomplishment. For many startups, it’s also the start of a long journey. As more companies get funded at the Seed stage, the competition for Series A capital is growing. In fact, if you are lucky enough to raise a Seed round, your chance of raising a second round is roughly 48%. Outside of the essentials, like finding product-market fit, scaling revenue, and building a repeatable customer acquisition process, there are plenty of other important things to consider as you get ready to raise a Series A. We’ve laid out 3 of them below.   Tracking Metrics & Financial Planning David Cummings, investor and company founder, has found that most Seed stage founders don’t track enough metrics on a weekly basis. Having a grasp…

Matt Preuss - January 10, 2019

#Fundraising

[Video] Andrew Chen & Justin Kan: 10 Lessons from a Serial Entrepreneur

Andrew Chen of Andreessen Horowitz sits down with Justin Kan, Founder of Atrium. Andrew and Justin discuss all facets of the struggles with being a startup founder. While they cover just about everything involved with building a business a couple of our favorite ideas from the video are below: Choosing a focus when getting pulled in different directions. Building the culture that you want Building a fundraising strategy How to manage the stress of being a startup CEO How to find appropriate mentors, coaches, and advisors. Read more about the 10 key points here.

Matt Preuss - December 3, 2018

#Fundraising

The Founders Forward Reading List: Hustle Fund’s Newsletter

One of my all time favorite newsletters comes from the team at Hustle Fund. Hustle Fund is a “hilariously early stage” venture capital firm with former founders leading the team. Their blog and weekly newsletter is full out great information for fundraising and tips for communicating with your current investors. If you’re a founder with investors or are looking to find investors the Hustle Fund newsletter is a must subscribe. You can sign up using this link. Be sure to check out the Hustle Fund Blog here.

Matt Preuss - December 3, 2018

#Fundraising

Powderkeg Podcast: Mike Preuss and David Hall on Fundraising and Stakeholder Reporting

In the opening episode of Season 2 of the Powderkeg podcast, Mike Preuss, our CEO, and David Hall of Rise of Rest discuss fundraising between the coasts and how startups can leverage stakeholder reporting to power their business. In this episode with David Hall and Mike Preuss, you’ll learn: Key similarities and differences between non-coastal tech hubs (9:17). An experienced investor’s high-level work and life advice for entrepreneurs (15:46). The benefits that thorough stakeholder reporting can provide for every startup (22:51). How to build a talented team and loyal customer base between the coasts (33:38). Proven strategies for nurturing healthy founder-investor relationships(37:33). How founders and investors should approach fundraising in non-coastal cities(49:16). Give it a listen below or using this link. Enjoy!        

Matt Preuss - December 3, 2018

#Investor Updates

The Top Founder Forward Articles Shared in 2018

In 2018, we’ve sent nearly 50 Founders Forward Newsletter with over 425 third party articles. We include our favorite content for attracting and engaging investors, hiring great talent, company culture, startup finance, leadership and much more. This week, we share the top articles shared in the Founders Forward this year by category. Think you have content that our readers will enjoy? Shoot us a message with your content to foundersforward@visible.vc. Attracting & Engaging Investors How to Make the Perfect Pitch Deck Kolby McElvain of High Alpha draws the parallels between telling a great story and creating a pitch deck by laying out a pitch deck template in 12 “chapters.” The top 3 Things are Looking for in SaaS Startups Christoph Janz of Point Nine Capital explores the current climate of…

Matt Preuss - November 23, 2018

#Software & Tools

The Founders Forward Reading List: “Jobs-to-be-Done”

Read Jobs-to-be-Done, a book by Intercom, by using this link.  As put by the Lean Methods Group, “The Job To Be Done (JTBD) is a framework for viewing your products and solutions in terms of the jobs customers are trying to get done. In other words, the JTBD is the reason why your customers hire your product or service.” In the book by Intercom they take a deep dive into the Jobs to be Done theory and include a deal of great information. A couple of areas the book focuses on: Attracting new customers by appealing to their job to be done Having a grasp of the competitors in your category Using jobs to be done to help build product features How to speak with customers to understand what job they are trying to accomplish

Matt Preuss - November 22, 2018

#Hiring & Talent

The Founders Forward Podcast List: “Running a Successful All-Hands”

Founder’s Guide to Running a Successful All-Hands Justin Kan, CEO and Founder of Atrium, has founded many companies during his career. On this recorded podcast, “Running a Successful All-Hands,” Justin draws on his experience to help founders understand best practices for running an all hands. In this podcast Justin will cover: The importance of all hand meetings How to design your all hands meeting How to measure results of your all hands What to include in the meeting and more

Matt Preuss - November 22, 2018

#Hiring & Talent