We want to do another 1-2 deals before venture shuts down for the summer! Comment or DM if that's you!
- preseed & seed
- software only (no CPG/hardware/biotech/etc)
- US based
- aligned with our elephant company thesis (community-driven, purpose-driven, public-facing founders)
For founders who are fundraising, I did a deep dive on what's actually inside an early stage memo.
This could help you nail fundraising:
nicdetommaso.beehiiv.com/p/w…
♻️ Repost to help a founder in your network!
Accounting tends not to be a strong suit at pre-seed companies. It's okay if you own it and get better over time.
Here are the most common accounting errors I have seen in Pre-seed (fix them if you have them).
🧵
Wait... you build client proposals in EXCEL? 🤯
No fancy software. No complex tools. Just Excel and some clever tricks.
Just created a complete proposal template that:
✨ Looks professional
✨ Updates automatically
✨ Calculates packages instantly
✨ Makes pricing look beautiful
It's all built with simple Excel tricks:
1. Smart Checkmarks ✓
Simple formatting turns 1s and 0s into beautiful toggles
2. Package Calculations 📊
One formula handles all your pricing
3. Professional Design 🎨
Clean layout minimal styling = client-ready look
4. Instant Updates ⚡
Change any price, and everything recalculates
Here's what makes it special:
→ Smart checkmark system (using simple formatting)
→ Auto-calculating package prices
→ Clean, minimal design
→ Professional layout
No more:
❌ Juggling multiple platforms
❌ Manual calculations
❌ Messy formatting
❌ Confusing pricing tables
Want this proposal template?
Here's how:
1. Like this post
2. Comment "send" below
3. Retweet
4. Get immediate access
(Must follow, otherwise I can't DM)
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For tech entrepreneurs who don’t have an idea but want to build software, my recommendation is to start a consulting company, build software for clients, and listen to feedback and market trends. Look for opportunities. One of the best ways to become a software entrepreneur is to start as a software consulting entrepreneur.
davidcummings.org/2024/06/01…
The time between early stage venture rounds just keeps rising for US startups.
Maybe some of this is founders choosing to delay fundraising. Some of it is the rise of bridge rounds and extensions.
But most of it is just the reality of a very difficult fundraising market. Things didn't improve in Q1
✨ Live abundantly with your life & money!
📚 𝑾𝒆𝒂𝒍𝒕𝒉 𝒊𝒏 𝒕𝒉𝒆 𝑲𝒆𝒚 𝒐𝒇 𝑳𝒊𝒇𝒆, fall-winter 2024 release, provides 𝐟𝐫𝐞𝐬𝐡 𝐩𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞𝐬 on how to create your life song by aligning notes of wealth & well-being.
Pre-order: t.ly/cDTMo
Announcing Kicky Business Tools for Artists! Launch your eCommerce website, do marketing, social media posts, price discovery, financial analytics, inventory management and delegate tasks to your team, all from one place. Sign up today at kicky.com
Starting Fresh for 2024! 🍃
Law of VC Database
• Start Here: roamresearch.com/#/app/Funds…
What is it? For over two years, I have loosely maintained a database in Roam that covers research on the law, primarily fund law.
In 2024, this will become my professional research project.
ALT This db covers a wide range of topics related to VC fund law, including deep dives into legal aspects, articles, tweets, and random thoughts.
Structured for easy navigation, with sections on LPs, securities, Regulation D, and more.
Includes diagrams, visuals, and references to external resources for further understanding.
Importance for Emerging Fund Managers:
Information access: Provides emerging managers with a centralized resource to learn about legal requirements, best practices, and potential pitfalls in launching and managing a VC fund.
Clarity and depth: Combines basic explanations with more technical details, catering to various levels of knowledge and interests.
Staying up-to-date: Regularly updated with the latest legal developments and industry trends, ensuring information is relevant and reliable.
Building understanding: Helps emerging managers navigate complex legal jargon and regulations, making them more informed and confident in their decisions.
Potential cost-saving
I spoke with a former client tonight. He bought a relatively big business (in search terms) over a year ago. He sounded generally happy and optimistic. Year one was hard but things went OK. I asked him what he would have done differently. His advice surprised me…
One conspiracy theory I fully subscribe to is that the reason Google Maps always tries to put you on the 101 instead of the 280 is because Google engineers programmed it to keep the 280 less trafficked for their work commute