Mike Preuss's posts

Co-founder and CEO of Visible.vc. Chicago born and IU Grad.

Mike’s Note #9 — Acting in Bad Faith

Have you ever dealt with someone acting in bad faith? How did you handle it? This week I believe a partner of Visible’s is acting in bad faith. Nothing illegal but what I would consider bad business. I’ve sent them an email outlining my concerns and have yet to hear back. I could… Put them on blast online. This might feel good for a minute but will likely not solve the problem. I could also be seen as acting in bad faith. Go the legal route. That sounds expensive and likely will not solve my problem. Ignore it. I’d love to hear any of your experiences and outcomes that you feel comfortable sharing. I will definitely follow up when I feel more comfortable doing so as well. Last Weeks Note…

By Mike Preuss - March 27, 2020

Mike’s Note #8 — Our Open Sourced Investor Database

We are sharing before we are ready on this one. So much has changed over the past week we wanted to audible to make sure we are helping startups as much as we can. The Visible team is fast tracking our open sourced investor database project. While this will be productized in the near future, we are hosting it on Airtable which you can find here. We currently have data on over 6,500 early stage investors, accelerators and venture funds across the world. Our mission is to give startups a better chance of success and that starts with access to capital. If you want to pay it forward and have a data source to contribute, just reply back. You can find more about the project here. A huge thanks to…

By Mike Preuss - March 20, 2020

Investor Platform Updates – Reports, Advisor Roles and Custom Properties

The Visible team has been hard at work on our investor platform. Check out the updates below. Over the next 6 weeks we will be rapidly rolling out new functionality — stay tuned! Our team is happy to jump on a quick call or demo to walk you through the latest changes and answer any questions. Schedule your demo today! Reports Our new report builder allows you to create and save reports for your portfolio. Reports will provide instant insights into company performance and custom views — great for weekly meetings! In our initial release, reports can include: Metrics Metric Insights for changes between periods — % and actual (WoW, MoM, QoQ and YoY) Custom Properties Request Metadata Sorting Advisor Roles Want to share specific portfolio companies with advisors, mentors or…

By Mike Preuss - March 10, 2020

Mike’s Note #6 — The Press

Ever have one of those days where everything is clicking? Customers are signing up, the team is excited and your vision is being executed. I had a day like this not too long ago. I was sharing the feeling with one of my mentors. He gave me some great advice, “Those are the days to work late… Call up leads that went cold. Write up a product spec. Do some strategic planning.” I call this the press. Doubling down when the going is good. What if it is the opposite? Customers are leaving. Partnership agreements are falling apart. You missed an important deadline. Call it a day early. Spend time with some loved ones, work out or get some sleep. Just last week I had a day when I was pressed. We…

By Mike Preuss - March 6, 2020

Mike’s Note #5 — Do you have a CEO coach?

Hey there, I’ve been grappling with the idea of getting a CEO coach for a while. In particular, I’m always looking for ways to level up my leadership skills. Sidenote: I recently read Conscious Leadership based on a referral from one of our customers and loved it! I’m curious, do you have a CEO coach (or any type of coach)? What types of issues do you work through? If you have 2-3 minutes, I’d love for you to respond to this survey — I can’t promise your typical 10-20 seconds 😉 Transparently, we’re thinking through ways how we can offer coaching services to our customers. It appears that wellness and vulnerability are resonating based on responses to last week’s note.   Last Weeks Note – All the Stuff I Got Wrong in 2019 Things we got right…

By Mike Preuss - March 1, 2020

Mike’s Note #4 — All the Stuff I Got Wrong in 2019

I recently came across a viral post, “All the Stuff I Got Wrong in 2019”. I took a look at the byline and realized it was written by one of our customers — Sharmadean, the founder of Beautystack in London! As I read on, I kept nodding my head. I loved Sharmadean’s post for a couple reasons: I made many of the same mistakes when starting Visible. In particular, I think staying small until you have some semblance of product-market fit is key. It’s candid and honest. Particularly point seven about isolation. The more founders open up and become more vulnerable, the more we can support one another. She celebrates what she did right! Over the past 12 months I’ve been deliberate about being proud of the work we do,…

By Mike Preuss - February 27, 2020

Mike’s Note #3 — Is Debt the New Black?

  It seems like the Twittersphere is ablaze with the idea of debt entering the market as a financing vehicle. Check out Alex Danco’s, “Debt is Coming” blog post if you missed it…Tyler Tringas and Earnest Capital have an entire fund devoted to this thesis. I’m sure there are a ton more blogs, Substacks and Tweets about it now. These ideas mainly pertain to SaaS. The tl;dr is that the last 15 years have paved the way to build and scale a SaaS company for next to nothing while recurring revenues are (hopefully) predictable. If both of these things are true, isn’t equity an incredibly expensive thing to give away? I suspect we’ll see more debt funding vehicles enter the market for all stages of growth. Getting started? You could use a…

By Mike Preuss - February 19, 2020

Mike’s Note # 2 — Do you sleep?

We are 2 for 2 in the Weekly Note! For the longest time we’ve treated lack of sleep as a badge of honor. “Hustle Porn” on Twitter & the web has made it even worse. Personally, I always felt like I was doing a disservice to Visible by prioritizing a good night’s sleep…”Should I be working instead of sleeping?” was a common question I’d ask myself. Luckily, we’re starting to see more data, studies and efforts by entrepreneurs to show how sleep is critical to just about everything we do. From productivity increases to reducing the risk of cancer and heart disease, sleep is fundamental to just about every aspect of your life. I’ve recently gotten to know Jeff Kahn from Rise Science (they have worked with NFL, MLB, and NBA teams to Basecamp to Fortune 500 companies…yeah, they are legit). I love Rise’s…

By Mike Preuss - February 10, 2020

Mike’s Note #1 — Raising too much?

I’m going to start writing a weekly note (at least try!). Inspired from my great friend Max Yoder — make sure to check out his weekly note if you want to do better work. I’ll focus on something that caught my eye in the startup space, an interesting data set and/or anything that I think can give founders a better chance of success. If you unsubscribe, I totally understand but my goal is to make this as valuable as possible. Have you seen the latest buzz about founders wishing they had retained more ownership? Sam Altman from YC tweeted it here. The takeaway is founders feel like they dilute too much early on. Sam also thinks that founders dilute themselves 2x more for the same level of progress they used…

By Mike Preuss - January 31, 2020

Introducing the new Home section

Introducing Home You may have noticed a new addition to the Visible application if you have signed in lately. We recently launched the Home section.  The Home section provides an activity feed to show you exactly who is engaged with your Updates, Dashboards and other content. In this first version we’ll provide:  Views of Updates (from an email or link)  Clicks on Updates Reactions to Updates Views of Dashboards Your feed will also smartly group items together based on time and the activity type.  Home also provides quick actions to see your recently sent Updates, edit existing Update drafts, and the ability to start a new Update from scratch or a template.  We’re excited to provide even more activity types as we launch new ways to engage with your investors…

By Mike Preuss - October 28, 2019