I help early-stage social entrepreneurs get from 0 to 1 as an 🌱 impact vc @temeritytalks and 🚀 venture studio partner @foundandco_
Washington, DC
Joined July 2018
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Ranked choice voting poll = better data
#NEW @surveyusa/@fairvote Swing States* Poll:
Biden 44%
Trump 44%
.
Trump 46% (+4)
Harris 42%
*Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin
2,050 LV, 7/8-10
fairvote.org/potus-and-vp-po…
🚀 Pre-seed founders - great strategy on how to effectively set up your round in tranches to reward investors willing to wire money early and build momentum.
đź“šBlog Post: A Fair Pricing Model for Pre-seed Rounds
startuphacks.vc/blog/pre-see…
@2048vc // #startuphacks // #VC
Jake Sandler retweeted
Chess․com
Revenue: $100M+
VC: $0
Mailchimp
Revenue: $700M+
VC: $0
Zoho
Revenue: $1B+
VC: $0
Midjourney (via @onemoremichael)
Revenue: $200M+
VC: $0
Butcherbox (via @DanielGulati)
Revenue: $600M
VC: $0
Dyson (via @PatrickOCR)
Revenue: $8B+
VC: $0
Who else?
Jake Sandler retweeted
I noticed that many founders report monthly SPEND as BURN.
This is incorrect and doesn’t depict correct picture of what’s going on in the business - especially if you are generating REVENUE.
Here is a a simplistic way to think about it.
SPEND - amount of money that leaves your bank account every month.
REVENUE- amount of money that’s coming into your bank account monthly - or amortized monthly.
BURN - is monthly REVENUE minus monthly SPEND
For example, you could be spending $100k a month and getting $15k in revenue then your burn is $85k
The distinction is important for several reasons - first, you calculate your RUNWAY using your burn not your spend.
Secondly, as you scale your business you are expected to spend more on marketing, HR etc - so your spend will be going up but so hopefully is your revenue.
So to make it clear internally and to your investors founders should always report
SPEND
REVENUE
BURN
CASH ON HAND
RUNWAY IN MONTHS
Jake Sandler retweeted
đź“ŠFounders wondering what your co needs to achieve at pre-seed, seed and series A: check out what @forumventures thinks that is in the chart below. h/t @rtenbrink1
Jake Sandler retweeted
When you make a sloppy deck you signal to the world that you are going to be sloppy with customers, employees and investors.
Jake Sandler retweeted
đź“ŠFounders and LPs: below is a chart of diverse founder-friendly funds. @ganasvc included. Pitch us! h/t @bbgventures
Founders - good breakdown on how to read a term sheet
Jake Sandler retweeted
💰Founders raising a pre-seed round: take a look at @outsetcap’s list of funds that lead pre-seed fundraises. outsetcapital.com/writing/po…
Hello @memdotai đź‘‹ just setting up my Twitter flow. Here's my validation code: AzOjjaOLyacA4PIAqvRR
Asking for a founder:
What's the best way to grant a marketing or dev agency (that's an LLC) equity in my startup for services? convertible note? warrant?
Are there any good templates out there?
@ellieINchicago @justingordon212 @lolitataub
Great overview for founders on how to run a fundraising process 👇
Good perspective on how investors think about early-stage valuations
Jake Sandler retweeted
Valuation of startups is such a mystifying concept and certainly something I didn't understand as a founder. What makes one startup "more valuable" than another?
Today's tweet thread is about the relationship between valuation and milestones.
Read on >>
Jake Sandler retweeted
“There is no pipeline problem,” @myfriendjanine, a founding partner in @OverlookedVC, told us. “The people are there. The opportunities are there.”
VCs on a mission: 21 investors looking to fund women, Black, Latin, and LGBTQ founders
businessofbusiness.com/artic…
