Mike Preuss's posts

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

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…

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…

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…

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,…

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…

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…

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…

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…

Q3 2019 Pro Rata Newsletter Funding Data

Dan Primack is a prolific journalist who has covered the venture capital & private equity space for years. He currently produces the Pro Rata Newsletter at Axios. It’s a daily newsletter covering VC/PE news, fundings, M&A, personnel changes and more. We’re always looking for ways to arm customers with more data, information and give them a better shot at fundraising. We figured Pro Rata Newsletter would be a good source of recent deal activity & decided to turn it into a structured data set for all of Q3. For this initial project we decided to collect: Company Name Company URL Amount Raised Investors Date of Funding Announcement Company City/State Link to funding announcement We used Airtable to start structuring the data. With a quick maps block we were able to get a snapshot of the…

It’s live! Update Editor 2.0

Introducing Our New Update Editor Updates are the core of the Visible product. It’s no secret that we believe that regular investor updates are a key component of startup success and raising follow-on funding. We want to continue to be the best way to build and send your investor updates, which is why we’ve released our Update Editor 2.0. With our newest release, writing Updates is quicker and easier than ever before. In addition to a UI facelift, we’ve also added features that are as functional as they are fun to use. Here are a few of the things you can do with our Update Editor 2.0: Move and organize text, objects, charts and images easily with universal drag-and-drop Get a clean, professional look with side-by-side charts Use new blocks to add charts, tables, files, text and…

Ultimate Guide to Currency Conversion & Consolidation

Operating a business across many countries and dealing with multiple currencies presents plenty of unique challenges. Converting and consolidating financial data from QuickBooks, Xero and other sources should not find itself in the “challenges” category; however, it often does. No reason to fret, the Visible team has you covered with this guide. We’ve helped many customers handle their currency conversion needs with our formula builder and Google Sheets integration but wanted to kick things up a notch with a comprehensive guide. Transparently, we’d love for you to trial Visible & be a hopefully become a customer, but anyone will be able to find value in our currency and consolidation guide, especially for those of you using QuickBooks, Xero and/or Google Sheets! This guide will be broken down into 3 parts: Automatically creating currency exchange rates…

QuickBooks Integration Improvements

QuickBooks Chart of Accounts & More Getting your key metrics, custom financials and business data out of QuickBooks Online just got a whole lot easier. Our product team (special thanks to Eugene)  just released a stellar improvement to our existing QuickBooks integration. Our improved integration will pull data from your Profit & Loss Statement, Balance Sheet and Statement of Cash Flows. We will sync any headers, sub-headers and specific accounts that are unique to your business. Once connected, the headers will unfurl and you’ll be able to customize which metrics you’d like to pull in along with the headers themselves. If you’re already using our QuickBooks integration, simply edit your current connection and we’ll display all of the new metrics that you can sync. For new users, just connect to…

New Feature: Recurring Updates

The Power of Consistent Investor Communication One of the things that makes investor updates powerful is consistency. The best startups use updates to create a story, drawing lines (not dots) that demonstrate their progress in a dependable way. Through consistent investor communication, a company can signal that they will be good stewards of their investors’ capital. These are the companies investors fund and trust. We’re thrilled to announce the next evolution of Updates on the Visible platform — Recurring Updates. Recurring Updates will help coach our customers through habit-forming nudges aimed to make them more accountable and dependable with their stakeholder reporting. With Recurring Updates, customers will be able to turn an Update into a Recurring Update. Recurring Updates have the following unique features: Ability to set a customized sending…

The Ultimate Customer Retention Cohort Analysis Template for SaaS

If you’re looking to better understand your customer retention efforts, download our Ultimate Customer Retention Cohort Analysis Template for SaaS. Quick Navigation What is a Cohort Analysis? Why Cohorts are effective for analyzing data How to build a Cohort Analysis in 4 Steps How to build a Cohort Analysis for Customer Success Our Customer Retention Cohort Analysis Google Sheet Template What is a Cohort Analysis? A cohort analysis is a study of activities for a certain segment of customers or users. In this template, we are looking at the customer cohorts for the quarter or month they were acquired, and what % of those customers were retained for subsequent quarters/months. As summarized in Lean Analytics (via Wikipedia), “Cohort analysis is a kind of behavioral analytics that breaks the data in a…

Updated Navigation + Tables in Updates

If you sign into Visible today, you’ll see an updated navigation. The changes we’ve made are small, but they will accomplish a couple key items: Make drafting, editing and sending Updates easier than ever Set the stage for some game-changing improvements & features to be delivered later this quarter. What, exactly, is changing?  Update drafts are now in the sidebar. Instead of a couple clicks to get into an Update, you’ll be able get there with much more ease. We’ve fixed Settings, Metrics and Contacts to the bottom of the sidebar. We’ve also created a specific Sent Updates navigation item to quickly see the Stats of your previously sent Updates. Our aim was to have anything you are frequently creating, viewing or editing to be prominent, near the top of of the navigation, while features that…

←   Older Posts

Newer Posts  →