Matt Preuss's posts

Do You Have a Stakeholder Management Strategy?

As we’ve written about in the past couple of weeks, all eyes are on leaders in a time of uncertainty. How a leader acts, presents themselves, and communicates echoes throughout the organization (and any outside stakeholders). Having a stakeholder management strategy in place is a surefire way to give a sense of unity and direction to all of your stakeholders; especially in a time of turmoil. A stakeholder management strategy generally relates to individual projects or campaigns. However, a founder can use a stakeholder management plan to oversee their communication. As the team at MindTools writes, “Stakeholder management is the process of maintaining good relationships with the people who have the most impact on your work. Communicating with each one in the right way can play a vital part in…

By Matt Preuss - March 23, 2020

Businesses We Can Learn From

In a time of crisis everyone looks to leaders for guidance. Thousands of individuals have stepped up over the past few weeks and months in a time of turmoil. Organizations also look to one another for ideas and guidance. Over the past few weeks thousands of organizations have stepped up and have altered their plans to help where they can. Below we’ve shared some of the businesses that we have personally found admirable in a time of crisis. Hopefully we can all learn a thing or two about what they are doing and apply the same ideas to our businesses and everyday lives. Plus, we all could probably go for some positive stories. Note: These are just a few examples of businesses we admire. If you have any you feel…

By Matt Preuss - March 21, 2020

Founders, Feeling Stressed? Check Out These Posts

The life of a founder is stressful. Founders have to worry about their company, their employees, their investors, and other stakeholders, on top of their loved ones and themselves. The past few months have certainly not helped to eliminate stresses that founders are feeling. In a time of uncertainty, it often feels like all eyes are on leaders waiting for them to make the next move. Not only are founders feeling the additional stresses of the last few months, they are also looked to by their employees and other stakeholders to guide the ship. We are no mental health experts ourselves so we’ve shared our favorite posts to help founders deal with stress and pressure, especially as we face uncertainty. If you have any items you’d like to add to the list, send us a message to marketing@visible.vc Stripe…

By Matt Preuss - March 19, 2020

Checking Out Venture Capital Funding Alternatives

Over the last few years there has been an explosion of alternative financing options to venture capital. There are a number of interesting alternatives to venture capital that each have their own pros and cons. Today, these alternative options are becoming more widely available to companies at every stage. In an effort to help founders sort through different funding options, we’ve shared a few of our favorites below.   Pipe Pipe is one of the newer and most interesting options. Pipe is a non-dilutive financing option for SaaS startups. As their website puts it, “Pipe turns MRR into ARR.” So how does it work? Pipe looks at your monthly contracts and offers a cash advance on the annual value of those contracts. In turn, they will take a small %…

By Matt Preuss - March 18, 2020

How We Work: Zoom Calls

Remote work is here. Even if it is only for the next couple of weeks/months, companies are transitioning to remote work. The obvious distractions combined with companies transitioning to remote work who do not have a system in place will lead to many companies’ productivity and growth taking a hit.  At Visible, we believe in remote work. We have been fully remote for 5 years and have learned a lot along the way. We’ve tested just about everything — especially when it comes to weekly communication. Slack and Zoom are essentially our office. We’ve been using Zoom to power our meetings since day 1 (we love Zoom but love them even more after offering their product for free to educators and students). In order to (hopefully) help more companies increase productivity…

By Matt Preuss - March 16, 2020

Our 9 Favorite Posts on Remote Work

At this point, it is expected that most companies and corporations will be exploring working from home/remote work for the coming weeks. There has been an explosion of “work from home” blog posts, resources, tweets, etc. over the past couple of weeks. In order to help cut through the noise, we have shared our 9 favorite blog posts on remote work below. The post are largely curated from our weekly Founders Forward Newsletter. We search the web for the best tips to attract, engage and close investors, then deliver them to thousands of inboxes every week. Want in? Subscribe here.   The Remote Work Report by GitLab The team from GitLab surveyed 3000+ remote employees to explore the future of remote working. Work From Home Seth Godin, business author, offers a framework to help employees determine when and how…

By Matt Preuss - March 13, 2020

Y Combinator Investment Memo Template

Raise capital, update investors and engage your team from Visible. Use the YC Investment Memo Template to get started.  Memos are a clear and concise document to lay out strategic vision, rationale, and expectations (in case you missed it, we wrote about the importance of memos earlier this week). We found the Y Combinator Investment Memo to be particularly interesting. The YC Investment Memo Memos have been something that most of us likely associate with VC funds writing for a prospective investment. The YC memo flips this idea on its head. In the YC Series A Guide, they share an investment memo template aimed towards founders. YC suggests sending your memo to investors in advance of a meeting to set the tone for the conversation. The idea is that by…

By Matt Preuss - March 12, 2020

What is Pre-Seed?

If you’ve been following along at home it may feel like seed rounds are exploding in size. However, this is not just a feeling but a fact. Not long ago, it felt like $500k to $1M was getting up there in size for a seed deal. Fast forward to today and we are seeing seed deals pop up well in excess of $5M.  As Elizabeth Yin, Founder of Hustle Fund, put it, “I’m seeing massive party rounds here in San Francisco — $3 million – $5 million seed rounds. Sometimes $10 million rounds right out of the gates! My friend, a fantastic serial entrepreneur with an exit, raised $8 million recently at $30 million+ post-money valuation with only a very early version of a product. Investors literally threw money at…

By Matt Preuss - March 11, 2020

Founders — are you sharing memos?

This won’t be the first or last time we write this: being a startup founder is hard. On top of your day-to-day tasks you have to worry about your customers, employees, and investors. You can often feel like you’re buried when balancing the communication and relationships with all of your stakeholder groups. Concisely sharing strategy with your stakeholder groups is an effective way to set expectations and build relationships. One tool we’ve seen pop up more frequently in the last few weeks are strategic memos. Memos are a clear and concise document to lay out strategic vision, rationale, and expectations. We’ve shared 3 different “memos” below that can be used for your investors, team, and executives. Y Combinator Fundraising Memo In case you missed it, YC recently published a Series…

By Matt Preuss - March 10, 2020

What VCs are Saying About Coronavirus and What Lies Ahead

The coronavirus is on everyone’s mind. In a state of uncertainty, one this is becoming clear; startups, founders, and the venture capital world need to prepare for what is around the corner.  No one knows what is next, we’ve collected what prominent investors and venture capitalists are predicting what is next and how founders can prepare for coronavirus.  Coronavirus: The Black Swan of 2020 — Sequoia Capital Sequoia Capital is undoubtedly one of the leaders in the venture capital space. When they write a memo or share something with their portfolio companies it is heard around the VC world. The team at Sequoia recently shared the note they shared with their portfolio founders. The note focuses on finding sustainability and weathering the uncertainty. “Having weathered every business downturn for nearly…

By Matt Preuss - March 9, 2020