Podcasts about fundersclub

Felicia Curcuru always knew she would be an entrepreneur. She was an Engagement Manager at McKinsey & Company. She was later the first employee, Head of User Experience and Director of Business Development at FundersClub, a leading online venture capital firm.But when she was first introduced to the world of child welfare when her sister adopted two children many years ago, she found the thing she knew she could build a strong business upon.Through her experiences as a Court Appointed Special Advocate (CASA) for foster youth in San Francisco, she saw a lot of opportunity for technology to improve the outcomes of families and children in the foster care and adoption world. And that's when Binti was born. Check out this episode to hear more about:How creating her own “grad school” experiences gave Felicia incredibly valuable opportunities in the startup spaceThe unique way Felicia came up with her own business idea by identifying the problems she cared most aboutThe reason the first version of her company failed and the touch choices she made to pivot successfullyWhy confidence may be the most important part of your pitchFelicia's #1 growth strategy for scaling a business that relies on government contractsConnect with your host on Instagram at @shauna.armitage and listen to more Startup Renegade stories at www.startuprenegades.com

128 Step-by-step fundraising process with Nathan Beckord Nathan Beckord Earlier in my career, I started two companies, an early web catalog provider and a clinical trial software company. I also worked in investment banking, and was involved in three technology IPOs and nearly 40 acquisitions. On the content side, I produce the popular "How I Raised it" podcast found on iTunes, SoundCloud and Spotify. I also organize various startup events such as FundingV2.com, StartupBD.com and StartupExits.com. Previously, with Pivotal Labs, I produced the ProjectStartup series. I have an MBA in Entrepreneurship, a BSC in Finance, and I am a Chartered Financial Analyst (CFA). I'm on the Board of Hands On Bay Area, a non-profit. Aside from startups, my passion is sailing, and I've logged more than 10,000 coastal and offshore nautical miles. My longest sail was a 22-day non-stop Pacific Ocean crossing to French Polynesia. Currently, I race on a Knarr team in the SF Bay. Other adventures include climbing 19,340-ft. Mt. Kilimanjaro in Africa and trekking in Peru, Chile, New Zealand and the Himalayas of Nepal. I've also toured the U.S., Vietnam, Cambodia, Mexico, and Nicaragua by motorcycle. Specialties: Venture capital, startups, entrepreneurial finance, business planning, business development, financial modeling, raising capital, corporate development, strategic partnerships and alliances, exit strategy, startup acquisitions, pitch coaching, investor presentations, startup strategy, go to market planning, startup M&A, private equity, angel capital. Foundersuite brings structure, speed and efficiency to fundraising and investor relations. Used by 2500+ startups worldwide including those in YCombinator, Techstars, 500 Startups, FundersClub and more, Foundersuite also has product features for investment bankers, VCs and funding advisors. Features Include: - Investor CRM - Investor Database - Investor Updates - Pitch Deck Hosting - Send Email Tools - Deal Docs - Founders Market - Virtual Data Room I mainly work with early stage Internet, B2B software, mobile, and consumer product startups, and I have a strong interest in platforms, markets, and networks.     We talk about   Why are such a small percentage of companies able to raise any type of funding? If there was one key difference that sticks out between a company that can raise funding and one can't, what would it be? Which fundraising steps do startup founders skip or have the most issues with? During the outreach, how often should one be updating the materials they are sending, and should they be customized depending on who it is being sent to or is that too time consuming? What are all the documents a startup should have ready when they go out to raise capital   And much more...   Connect with Nathan Beckord https://www.linkedin.com/in/nathanbeckord/ nathan@foundersuite.com https://foundersuite.com/

Adam Moelis shares why half of American's can't come up with $400 in an emergency, and 78% of people live paycheck to paycheck. But they spend $80 billion on the lottery every year. We also discuss a recent study that showed that most wished they'd learned more about money in school and scored themselves low when it came to financial literacy. Could tech change this? Adam shares how he founded Yotta to help Americans make healthier financial decisions and become more financially secure. Adam's company provides the chance to win big every week, similar to playing the lottery but in an FDIC-insured account where customers cannot lose any money. About Adam  Adam Moelis is the Co-Founder and CEO of Yotta, a financial technology startup whose mission is to help Americans become more financially secure by offering a unique banking experience that allows customers to win weekly prizes of up to $10 million.   Adam graduated summa cum laude with a B.S. in Finance and Accounting from Wharton. His degree and interest in personal finance and passion for behavioral psychology led him to co-found Yotta with Ben Doyle. Adam and Ben were honored with the prestigious Forbes 30 Under 30 in 2021 for their social impact on founding their company, Yotta. Additionally, Yotta has raised over $17 million from investors like Base 10, Core Innovation Capital, Slow Ventures, FundersClub, TwentyTwo VC, Chapter One, Capital X, among some angel investors. Yotta graduated from the prestigious Y Combinator in July of 2020.  Previously, Adam was an investment analyst in the Multi-Strategy Investing Group at Goldman Sachs. He also worked as a Product Manager and Data Analyst at YipitData, where he built a mobile app for consumers. Tech Talks Daily Podcast Sponsor Details Get Surfshark VPN at https://surfshark.deals/TTD - Enter promo code TTD for 83% off and 3 extra months free! 

In this week's Espresso, we cover updates from Merama, Crack the Code, Kavak, and more!Outline of this episode: [0:27] - Crack the Code raises $2.7M from Kaszek Ventures[4:06] - Nubank begins trading its shares at the NYSE[4:35] - Merama becomes a unicorn with a $1.2B valuation[4:56] - Kavak acquires Garaj Sepeti to begin operations in Asia[5:15] - Mastercard launches partnership with Jeeves[5:43] - Kueski secures 202 million in debt and equity funding[6:12] - Blockchain.com acquires the Argentinian company SeSocio.com[6:39] - Platzi raised 62 million in a series B roundResources & people mentioned:Startups & Companies: Crack the Code, Nubank, Merama, Garaj Sepeti, Kavak, Kueski, Mastercard, Jeeves, Blockchain.com, SeSocio.com, PlatziVC Funds: Advent International, Softbank, StepStone Group, Victory Park Capital, One Prime Capital, Glisco, Prosus, Foundation Capital, Y Combinator, 500 Startups, FJ Labs, FundersClub, Kaszek VenturesPeople: María del Mar Vélez, David Vélez, Guido Quaranta, Gaston Krasny

Welcome everyone to the Inevitable Podcast. In this episode I'm going to talk to Jerrod Engelberg. Thank you so much for joining us, Jerrod. Jerrod is the CEO of Codecov, a platform that is scaling the world's leading code coverage solution. Codecov is used by over 1 million developers from leading open source projects to the Fortune 100. Before being CEO at Codecov, Jerrod was the first venture hire at FundersClub. There he led the venture team. While in FundersClub, he was awarded the Forbes 30 under 30 in the venture capital category. Jerrod is here today to share some of his amazing professional experiences with us. I'm sure you guys will like this episode. In my conversation with Jerrod we discussed his childhood, his decision to go to Wharton, his experience working at FundersClub and being a CEO at Codecov. Here are some of the questions I asked Jerrod during our conversation: How were you as a kid, were you a shy kid or an extrovert? How did you make the decision to go to Wharton? What made you think that would be the best decision for the beginning of your career? You consider yourself to be the re-founder of Codecov. Can you give us more context about what that means? Before the pandemic hit you were in the Bay Area, living the perfect venture-backed founder life, where everyone around you is in tech. And then, the pandemic hits and the world goes remote. When thinking about decentralization of innovation, do you believe a tech founder living outside of the Bay Area can be as successful as a founder living there? When I got into FundersClub I learned a lot of things from you. Things that made me a better person and that I will always be thankful for. Compared to other venture firms, what do you think was different in FundersClub that made it so special at the time? I don't want to get too deep about Alan Watts' illusion of money, but capital is just a tool. Thinking of capital, what are your thoughts on stage financing for your company? How do you see the difference between traditional firms versus individuals when it comes to funding? How did you get to know about Codecov being an opportunity for you to become its CEO? What changed in your life from before and after being a CEO? How did you prepare for that challenge, and what do you do to make sure you are a good CEO? What do you think is going to happen after you achieve success building Codecov? I have some rapid-fire questions for you. What's an ideal morning routine for you, if you have any? What's something that you started doing recently that you felt that significantly improved your routine. It can be something that you bought as well. Jerrod, thank you for being here on this podcast. It's wonderful to see you and catch up with you.

Car insurance isn't exciting. Unless you're the Silicon Valley company turning this enormous industry on its head. That's Jerry. Thanks to machine learning, Jerry finds its customers the best, customized quotes from more than 50 insurance carriers in 45 seconds. For free. The typical customer saves $800 a year on car insurance. And now its evolving into a mobile-first car ownership “super app,” aiming to save customers time & money on all their car expenses. I wanted to find out how they're scaling the team. So I tracked down John Spottiswood, Chief Operating Officer of Jerry. John knows how to build a Rockstar team because he's been a part of some of the valley's biggest success stories. He led business development for Lending Club, Earnin, and GoodHire. Led a division of QuinStreet. Even served as President of Match.com Clearly, Jerry is onto something big. The company has raised $130M in VC from: Y Combinator, SV Angel, Bow Capital, FundersClub, Goodwater Capital, Kamerra, Liquid2 Ventures, Oriza Ventures, Highland Capital Partners, Park West Asset Management. In this 20-minute conversation, John shares how he's putting a Rockstar in every seat at Jerry.

Today I'm here with my great friend Kevin Lee. We met at FundersClub, where we worked together. The determination and hustle Kevin Lee has is hard to find and inspires me. Kevin's social mission is to help accelerate human progression through Maslow's Hierarchy of Needs. He's currently focused on improving people's health by democratizing access to nutritious and delicious food through immi, a food brand he has been working on for the past 2 years. immi is backed by investors and advisors including Collaborative Fund, Siddhi Capital, Pear Ventures, ONEVC, as weel as co-founders of companies such as Caviar, Thrive Market, Magic Spoon, Kettle & Fire The Hustle, Twitch, and Casper. Welcome Kevin to the Inevitable Podcast! Here are the main topics from this episode: - The inception of Immi; - Kevin's experience working @Kabam; - His learnings from side projects like Quora Domination; - Kevin's journey from FundersClub, to Pear, to Immi; - How he organizes his calendar and balance calls with deep work sessions; - The founder role of growing and outsourcing your role as fast as possible. Listen to the episode on other platforms and access the show notes: https://www.inevitablepodcast.com/ Read Pedro Sorren's essays: https://pedrosorren.com/ Follow Pedro Sorren on social media: https://pedrosorren.com/links/ Subscribe to Pedro Sorren's newsletter: https://pedrosorren.com/newsletter/ Meet Atman: https://atman.vc/

Imagine posting up in Silicon Valley for a year to soak up the entrepreneurial ecosystem while while waiting for inspiration for a startup idea.  Sounds artsy, but from a business perspective it can be incredibly helpful to sort through various uses of technology and the business modes that get them to market.  Fresh off a career in private equity and a short stint studying medicine, Chris Bennett took this exact approach.  With a passion for using technology to improve the quality of human life, he has built Wonderschool to improve the quality and access to childcare.   Founder Bio: Chris Bennett is a Silicon Valley-based entrepreneur and early childhood education advocate passionate about the power of the Internet and using it for social good.   Chris is the co-founder and CEO of Wonderschool, an all-in-one online platform that helps families seeking childcare and microschools to find available options near them and supports those who provide that care and education. Born out of Chris's realization that early childhood education is what enabled him to be the first member of his family to go to college.   Since its start in 2016, Wonderschool has expanded its offerings and partnerships, pivoting to meet the unique needs of today's families and providers. Recognized by Fast Company as one of the most innovative companies, Wonderschool has been funded by Andreessen Horowitz, First Round Capital, Imaginable Futures, Cross Culture Ventures, Uncork Capital, Rethink Education, Edelweiss, Lerer Ventures, 500 Startups, FundersClub, and others.   Timestamps: 1:54 How his uncle's experience as a black doctor in Honduras influenced a passion for entrepreneurship 7:24 Life at Wharton (Undergrad) | Struggling as a student, but thriving as an entrepreneur 10:00  Exploring the right early career fit – private equity, medicine, and then to Silicon Valley 11:55  The origins of Wonderschool 15:18  Strategy for validating market demand before building tech 17:56  Raising $2mm to build engineering team to build product 18:30  Wonderschool described – platform, functionality, and value prop within childcare 22:40  Matching supply and demand in a marketplace 27:30  Chris receiving his first investment via NewMe accelerator (and 500 Startups) 30:30  Benefits of joining and accelerator 34:33  What help investors can provide…not including funding 38:35  Taking the team remote and moving to a global talent strategy

A SaaS platform company in the Solar Power Industry, Prescinto, has raised $3.5M in seed funding. Prescinto is looking at revolutionizing the solar power industry by improving efficiency of solar plants using AI and Machine Learning driven platforms that will help Solar Plants identify their root issues for underperformance. The Funding round was led by Inflection Point Ventures along with Venture Catalysts, Mumbai Angels and Lets Venture. This infusion of finances will help realize Prescinto's goals of improving Solar Power plants globally.UK based Home Care SaaS company that uses Machine learning has raised £4.5 million pre-Series A funding. The funding round organized by West Hill Capital was 50% oversubscribed. The funds will be used to roll out Machine Learning enabled care solutions for those in independent living conditions to help in efficiency of care given.As one of the most happening occurrences currently in the world, NFT marketplaces are exploding in popularity as collectors wade into the trading of nonfungible tokens on the blockchain. OpenSea, a startup in the field that was launched in 2017, has announced that it has bagged its latest funding round of $23M led by Andreessen Horowitz along with participation from other angels and firms including Naval Ravikant, Mark Cuban, Alexis Ohanian, Dylan Field and Linda Xie.Slapdash, is seeking to increase performance in the workplace by aiming to carve out a new niche for itself among workplace software tools. Sources say that slapdash has raised $3.7 million in seed funding from investors that include S28 Capital, Quiet Capital, Quarry Ventures, UP2398 and Twenty Two Ventures. Angels participating in the round include co-founders at companies like Patreon, Docker and Zynga.Kuda Technologies, has just announced that it has received $25M in Series A funds.The round was led by Peter Theil's, Valar Ventures, along with Target Global and other unnamed investors. Valar, a company that has invested in a number of fintech startups, is funding an African Startup for the first time. Kuda had raised a seed round of $10M led by Target Global just four months ago and is estimated to be the largest ever seed round raised by a startup out of Africa. Kuda's CEO, Ogundeyi said in an interview that they plan to use the new funds to continue expanding its credit offerings, and add more integrations as well as move into other markets.Fortify raises $20 M in Series B funding towards its composite manufacturing 3D Printing. Other companies in the field including Markforged, Desktop Metal and new-comer Mantel have all made big announcements recently. Now Fortify is making the round with a significant raise of a $20 million dollar Series B equity round. This round was led by Cota Capital with participation from Accel Partners, Neotribe Ventures and Prelude Ventures.Founded in 2018, Fort Robotics today announced a $13 million raise. Led by Prime Movers Lab, the round also features Prologis Ventures, Quiet Capital, Lemnos Labs, Creative Ventures, Ahoy Capital, Compound, FundersClub and Mark Cuban.

Rodolphe Ardant is the cofounder and CEO of Spendesk which is a smart spend management software designed for both finance teams and employees. The company has raised over $60 million from top tier investors including Index Ventures, Kima Ventures, FundersClub, Eight Roads Ventures, Financiere Saint James, and eFounders to name a few.

Rodolphe Ardant is the cofounder and CEO of Spendesk which is a smart spend management software designed for both finance teams and employees. The company has raised over $60 million from top tier investors including Index Ventures, Kima Ventures, FundersClub, Eight Roads Ventures, Financiere Saint James, and eFounders to name a few.

DeepSource, a member of the Winter 2020 Y Combinator cohort, announced a $2.6 million seed investment today. The company is building a solution to help developers automate static code analysis to find certain errors before going through human code review. 645 Ventures led the round with help from Y Combinator, FundersClub, Pioneer Fund, Liquid 2 […]

Alex Mittal is the Co-Founder and CEO at FundersClub, the world's first online VC platform.

Produced by Foundersuite.com, "How I Raised It" goes behind the scenes with startup founders who have raised capital. This episode is with Stephen Kuhl, CEO of Burrow (www.burrow.com), a "couch in a box" company. Burrow went through Y Combinator, then then raised a $4.3 million seed round in a deal led by Red & Blue Ventures on December 8, 2017. Winklevoss Capital Management, FundersClub and Robin Hood Ventures, Interplay Ventures, Justin Kan, Michael Seibel, Ken Pilot, Social Starts, Team in Residence, Rough Draft Ventures, Alrai Capital and Chestnut Street Ventures. Recorded on January 22, 2018.

Let's talk about board of directors. Why do they exist? How do they work in public companies vs startups? What should you as a founder be thinking about when dealing with a board of directors. Jerrod and Kevin hit upon all of these and more while also sharing some quick takeaways and learnings during episode 6 of Transparent VC. This episode features FC Venture team members: 
 ❖ Kevin Lee (Soundcloud & Twitter: @kevinleeme)
 ❖ Jerrod Engelberg (Soundcloud: @jerrodsamuel | Twitter: @jengelberg) Conversations reflect the opinions of those on the show, not necessarily an official stance of FundersClub.

Phil Nadel. He’s the co-founder and managing director of Barbara Corcoran Venture Partners, one of the largest and most active AngelList syndicates where investors can invest alongside him and Barbara on the same terms in promising high growth startups. Famous Five: Favorite Book? – The Lean Startup What CEO do you follow? – Elon Musk Favorite online tool? — Laughly How many hours of sleep do you get?— 7.5 If you could let your 20-year old self, know one thing, what would it be? – “Savor the moment, be in the moment”   Time Stamped Show Notes: 00:55 – Nathan introduces Phil to the show 01:24 – Barbara and Phil believe in the syndicate model 01:32 – It is a great opportunity for investors who would like to invest but don’t have a lot of money to put into each deal 01:49 – Barbara Corcoran Venture Partners on AngelList 02:08 – The syndicate was launched 3 years ago 02:16 – They have syndicated 38 deals 02:34 – Barn and Willow is a company they’ve recently syndicated 02:51 – Barn and Willow deal with window treatments 03:18 – They have a direct manufacturing supply chain 03:24 – It’s an innovative company 03:45 – The companies that Barbara invests on Shark Tank are separate from the companies in the syndicate 04:05 – The value of doing the syndicate is the deal flow that Barbara gets from her exposure in Shark Tank 04:20 – Each of the syndicate backers have the option to opt in or opt out of any investments 04:33 – The most likely exit scenario is an acquisition and that’s how an investor makes money 04:47 – IPO is also another route 04:53 – There was no exit yet from the syndicate portfolio 05:38 – There is paperwork in backing a syndicate 05:45 – The AngelList platform is handling all the investor details 05:51 – The structure of the deal can have a few different formats 06:04 – It’s either a convertible note that converts into equity or straight equity 06:30 – All backers are combined into 1 entity 06:56 – The LLC is managed by an independent third party company called Assure Fund Management 07:05 – Assure will consult the syndicate if there will be a major decision 07:40 – The AngelList is managing the risks for the syndicate 08:00 – The syndicate has put in $7.5M 08:28 – The syndicate is very true to Barbara’s mission 08:44 – Barbara wants people to invest with her, share their ideas with her, and bring their knowledge 08:56 – “Our backers are fantastic in terms of their networks” 09:38 – With a VC, what you have is strictly financial investors 10:40 – People love Barbara 11:15 – The deals are only available to accredited investors 11:23 – To be an accredited investor, you need to meet some of the criteria including net worth or income 12:00 – The syndicate is very clear that there is a chance of losing money for each investment 12:06 – The idea is to build a portfolio 12:37 – Phil has been to different platforms like FundersClub and OurCrowd 12:53 – The reason why Phil and Barbara chose AngelList 13:35 – The picture behind Phil was a picture frame from one of their portfolio companies called Meural 13:54 – They have thousands of art pieces from different museums around the world 14:32 – It retails from $600 15:27 – The syndicate does equity and note and only invests in post-revenue companies 15:43 – At least $15-20K a month in revenue 15:52 – “We are focused on companies that are capital efficient” 17:50 – The Famous Five   3 Key Points: Syndicates is a great option for small investors and it will help them get into the investing game. Investors need to be responsible with their investments—meaning research the deal and own their decisions and the consequences of saying yea or nay. Savor the moments in life and be IN the moment.   Resources Mentioned: The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Klipfolio – Track your business performance across all departments for FREE Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Show Notes provided by Mallard Creatives

What are the basic tips and tricks to raising a round of financing? We’ll take you through our best practices and learnings regarding fundraising that we’ve built out over the last 4.5 years, speaking with thousands of founders, and participating in hundreds of financing rounds. Fundraising Best Practices Presentation(referenced in podcast): https://fndrs.cl/TransparentVCEp5Presentation This episode features FC Venture team members: 
 ❖ Kevin Lee (Soundcloud & Twitter: @kevinleeme)
 ❖ Jerrod Engelberg (Soundcloud: @jerrodsamuel | Twitter: @jengelberg) Conversations reflect the opinions of those on the show, not necessarily an official stance of FundersClub.

In episode 4, Jerrod and Kevin discuss how and when to raise capital if your company is running out of cash and you need capital to grow your business. This episode features FC Venture team members: 
 ❖ Kevin Lee (Soundcloud & Twitter: @kevinleeme) 
❖ Jerrod Engelberg (Soundcloud: @jerrodsamuel | Twitter: @jengelberg) Conversations reflect the opinions of those on the show, not necessarily an official stance of FundersClub. ------------------------------------- — TEMPLATE ESCROW'D CLOSING AGREEMENT — [ ], Attached are [investor]’s signature pages for the [ company ] financing. In addition, [ investor ] LLC has wired $[ ] into the escrow account of [escrow agent], counsel to [ company ]. The wire should be received tomorrow--please confirm its receipt. The signature pages and funds are to be held in escrow by Company counsel pending authorization by [ investor ] to release the signature pages and funds. If by [ time / date ], the Company has completed the following conditions, the signature pages and funds can be released: The Company has closed on a minimum of $[ ] in its [current financing round] financing. "Closed" is defined as any combination of the below, in the aggregate amount of $[funding minimum]: Funds which have been received in bank account of [company ] Funds which are held in escrow account of Company counsel Proof of wire transfers which have been provided to and approved by [company name] If not, the signature pages and funds from [ investor ] will remain in escrow until requested to be returned to [ investor ] . Let me know of any questions. Best,

Alessio Alionco. He’s the founder and CEO of Pipefy, which is part of 500 Startups. He’s a passionate product manager. Famous Five: Favorite Book? – The Lean Startup What CEO do you follow? – Jason Lemkin Favorite online tool? — Yesware and Salesforce Do you get 8 hours of sleep?— Yes If you could let your 20-year old self, know one thing, what would it be? – Alessio would tell himself to be aggressive with his goals   Time Stamped Show Notes: 01:56 – Nathan introduces Alessio to the show 02:12 – Pipefy is a workflow cooperation software 02:21 – Alessio got Pipefy’s idea from his previous company 02:36 – Alessio uses a CRM to manage Pipefy 02:45 – Pipefy has a dozen of processes 03:12 – “We coordinate people’s work” 03:36 – Pipefy provides guidelines for a smooth, business process 03:48 – Pipefy is more of a people coordination solution and Zapier is similar to IFTTT 04:00 – Pipefy charges per user, per month 04:10 – Average customer fee is $200/month 04:20 – Pipefy started at the end of 2014 04:26 – Pipefy had its beta 04:36 – Pipefy released pre-signups in April 2015 04:51 – Pipefy became one of the most voted products of the day 05:23 – There was no revenue in 2015 05:32 – Pipefy started charging in August 2016 05:47 – Pipefy now has more than 400 paying customers 06:00 – Average MRR 06:54 – Pipefy offered a special price for customers who renew their subscriptions 07:00 – Pipefy has more than 60K customers who use them for free 07:24 – Only a small portion of the customers converted 07:40 – SMBs don’t have business processes in place and aren’t willing to pay for one 08:06 – Pipefy wants to focus on companies that are close to being considered enterprise companies 08:42 – Pipefy has raised a seed round of $2.2M 08:50 – Some of the investors are Zendesk’s founders, Valour Capital, Redpoint Ventures, FundersClub and AngelList 09:06 – Pipefy has raised a total of $2.6M 09:13 – Team size is 33 09:32 – 27 are in Brazil and 6 are in San Francisco 09:55 – Pipefy is still hiring more people 10:00 – CAC 10:30 – Overall CAC is around $900 per company 10:50 – LTV is still hard to predict 11:34 – Pipefy’s per seat pricing 12:10 – Pipefy negotiates deals with companies with over 10K employees 12:33 – 2017 revenue goal 12:50 – “It’s really a huge funnel to raise the seed round” 13:00 – The series A dynamic is completely different 13:26 – 2016 total revenue 14:00 – Pipefy is aiming for a $200K MRR which is 10x the growth 16:05 – The Famous Five   3 Key Points: The best time to switch to a paid version of your product requires careful consideration to ensure the conversion takes place. Some SMBs rely on free business software and services for their processes—therefore, you may need to adjust your target audience. Be aggressive with your goals and just go for it.   Resources Mentioned: The Top Inbox  – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Organifi – The juice was Nathan’s life saver during his trip in Southeast Asia Klipfolio – Track your business performance across all departments for FREE Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Freshbooks – Nathan doesn’t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW Show Notes provided by Mallard Creatives

Jared Friedman is a Partner @ Y Combinator, the world's most successful accelerator with portfolio companies including the likes of AirBnB, Dropbox, Stripe, Zenefits, Twitch, the list goes on. Prior to YC, Jared was Co-Founder & CTO @ Scribd, the digital library and document sharing platform, which has over 80 million users and attained funding from the likes of Marc Andreessen, Redpoint and CRV. As well as his time in operations, Jared is also a prolific angel investor with investments in the likes of Instacart, FundersClub and Cruise Automation just to name a few. In Today’s Episode You Will Learn: 1.) How Jared made his way from founding the immensely successful, Sribd, to being a YC partner? 2.) What is the process behind the invites for YC demo day? What does it take for one to get a hotly anticipated seat? Is there really a black list? 3.) A lot of investors suggest that if you are seeing the company at demo day it is too late, what is the thesis around letting friends and family in to view and invest in the companies before demo day? 4.) How can investors look to get into the best YC companies? What can the investors do to show their value to both the companies and the YC partnership? How do you look to advise companies with regards to selecting investors? 5.) Demo days have scaled massively so I have to ask, is there enough capital to go into the 120+ companies now being produced at YC demo days? What are the strategies for scaling YC effectively? Items Mentioned In Today’s Show: Jared's Fave Book: Sapiens: A Brief History of Humankind Jared’s Fave Blog: HackerNews Jared Most Recent Angel Investment: Starcity As always you can follow Harry, The Twenty Minute VC and Jared on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Foundersuite makes the leading CRM for raising startup capital. Since March of 2016, Foundersuite customers have raised over $130M in seed and venture capital. Foundersuite's CRM sits on a database of over 50,000 investors, which will help you quickly populate your fundraising funnel including a beautiful and easy-to-use investor update tool, and the recently launched a new portal that helps investors and accelerators track their portfolio companies on a single dashboard. For a whopping 40% off a Monthly or Annual subscription use the code "20MinuteVC" at checkout.  Greenhouse Software designs tools that help companies hire great people and ultimately build better businesses. Greenhouse works with over 1,500 of the world’s most innovative companies such as Airbnb, Slack, Snap Inc. and Lyft. A wrong hire is not only costly for a company but can also turn an employee into an unhappy one. With Greenhouse's Applicant Tracking System, companies can make well-informed decisions and hire qualified candidates who are empowered to do the best work of their careers. Anybody who has a company that's scaling quickly but has trouble hiring and retaining the right people. Visit www.greenhouse.io today to discover how your company can grow.

Alex Mittal is the Founder & CEO @ Funders Club, the company that uses software and networks to provide investors with access to the world's most promising startups. Their portfolio includes the likes of Slack, Greenhouse, Shippo and Flexport just to name a few. They are backed by some of the world's leading investors themselves with the likes of Andreessen Horowitz, Y Combinator, Felicis Ventures and First Round Capital. Prior to starting FundersClub, Alex was the founding CEO of Innova Dynamics, a VC-backed touchscreen hardware company, leading the company from university laboratory to securing design-in collaborations with today's major consumer electronics companies. Previously, he was the founding CTO of Crederity, a VC-backed identity and credential verification enterprise software company.  In Today’s Episode You Will Learn: 1.) How Alex made his way from YC founder to revolutionizing seed stage investing with Funders Club? 2.) Why is Alex still so bullish on the on-demand space? How does Alex evaluate on-demand startups? What metrics are attractive in the space? What do good unit economics look like for on-demand startups? 3.) Does Alex agree that we are experiencing a AI bubble? Where are the shortcomings in the current state of AI and machine learning? How does Alex expect the space to play out and what does Alex advise entrepreneurs in the space? 4.) What does Alex make of the rise of investing in hard science startups? Why does he get concerned to see traditional software VCs investing in the space? How should VCs view the rise of nontech businesses both in hard science and consumer? 5.) You have said before that 'the API is not in the past but is still to come'. Why are you so bullish on the continued expansion of APIs? Where do the inherent oportuities and use cases remain? Items Mentioned In Today’s Show: Alex's Fave Book: The Art of War by Sun Tsu Alex's Fave Blog: Eric Newcomer, Mattermark Daily As always you can follow Harry, The Twenty Minute VC and Alex on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. X.ai is AI-powered personal assistant for scheduling meetings bringing you Amy or Andrew. The assistant you interact with like you would to any other person and it allows you to avoid the tedious hours of email ping pong in order to schedule one meeting. Even better, there is no sign in, no password, no download, all you do is cc amy@x.ai beautiful! And you can check it out now on x.ai it really is a must! Workable is the all-in-one recruiting software for ambitious companies. From posting a job to tracking and managing candidates, Workable provides everything you need to hire better. Transparent communication, organized candidate profiles, structured interviews and a full reporting suite gives hiring teams the information they need to make the best choice. Workable is available for desktop and mobile and you can find out more on workable.com where you can try it for free.  

Episode 3 of Transparent VC dives into whether seed stage companies should raise a convertible debt round or an equity round. The FundersClub Venture Team discusses these two common ways young startup companies raise capital and look at what you are getting yourself into by doing so. This episode features FC Venture team members: ❖ Kevin Lee (Soundcloud & Twitter: @kevinleeme) ❖ Jerrod Engelberg (Soundcloud: @jerrodsamuel | Twitter: @jengelberg) Conversations reflect the opinions of those on the show, not necessarily an official stance of FundersClub.

Liquidation preference is an interesting part of deal making that's not often talked about, but it can have a substantial impact particularly earlier on in a business' life. Episode two will speak to the history of liquidation preference, share situations where it goes well, where it goes badly, and how to find alignment with it. This episode features FC Venture team members: ❖ Kevin Lee (Soundcloud & Twitter: @kevinleeme) ❖ Jerrod Engelberg (Soundcloud: @jerrodsamuel | Twitter: @jengelberg) ❖ Pedro Sorrentino (Soundcloud & Twitter: @pedrosorren) Conversations reflect the opinions of those on the show, not necessarily an official stance of FundersClub.

Over the past 4 years, the FundersClub team has invested in over 200 startups and talked with over 10,000. With that much exposure into the startup scene we've seen and learned a lot. With VC being a blackbox to many founders, we aim to change that. With our new podcast Transparent VC, join us as we divulge and discuss the good, the bad, and the ugly regarding startups, the tech industry, and venture capital. In our first episode "Founders, Beware of Super Pro-Rata" we discuss the dangers of super pro-rata, why founders should avoid it and what they can do if they've already raised a round including it. Where most of the time, things go well when raising a round, when there's misalignment between investors and founders. things can go terribly wrong. This episode features FC Venture team members: ❖ Kevin Lee (Soundcloud & Twitter: @kevinleeme) ❖ Jerrod Engelberg (Soundcloud: @jerrodsamuel | Twitter: @jengelberg) ❖ Pedro Sorrentino (Soundcloud & Twitter: @pedrosorren)

Kevin Lee is dedicated to teaching people the fundamentals of product management through Product Manager HQ and also currently works in Venture Capital at FundersClub. Before becoming a Founder, he previously worked in Product at AltSchool and as a Senior Product Manager at Kabam, where he worked on products through all lifecycles in San Francisco, Vancouver, and Beijing to help grow one of the company’s products to become the third largest revenue generating products in the company portfolio. Key Points: Align your career with your personality type. Especially, when you find yourself questioning the role you’re currently doing, try to take a step back. Figure out your personality type and align it with your career. There are many ways to break into any industry. Talk to the influencers. Get to know more about this industry. Network. Make yourself the product. Figure out your users’ needs and make sure you bring value to the table. Once you’ve figured out a pain point within your industry, write about it and start blogging. Then make sure you create a community so people can still talk to each other right after reading your content. SHOW NOTES (FOCUS ON THE STEPPING STONES): [1:11] Kevin’s background [1:52] His passion for education [3:04] Kevin shares the story of “the river of drowning babies” [6:14] Kevin’s big turning point [7:07] Where to start looking for resources about Product Management: Quora (a Q&A website answered by some high profile people) as his primary source Books: Cracking the PM Interview, The Mom Test [10:22] Getting his first job as a product manager: Kevin landed a PM job at Kabam, a mobile gaming company. [11:19] Strategies to break into an industry you’re interested in [12:45] What is Product Management? [13:28] How product management in gaming differs from that of other industries [17:39] Dealing with frustrations as a PM [18:52] Why Product Management HQ was created [20:21] Building the Community [27:37] Do your Due Diligence – How to position yourself for an associate product management role at a startup [32:12] Transitioning into a PM role within your organization [33:26] The Lightning Round 1. Imagine if you were dropped in a new city, you had to start all over again and you only had $100, what would you do and what would be the first steps you would take to get yourself back to the point you’re at? Kevin: Go to coworking spaces, hang out, use that $100 to buy a seat, and milk that for a month. 2. When you were dealing with any frustrations on your first projects, did you listen to any music or videos or something that inspired you to overcome whatever situations? Kevin takes inspiration from his parents who were immigrants from Taiwan and coming to America with literally nothing and couldn’t speak English but worked so hard to provide for their family; so if they have done it, so could he. Never forget your roots. Never forget your family. 3. What is one piece of advice you would want someone to know who’s about to start on this journey? Figure out your personality type (Take tests like the Myers-Briggs test or the Enneagram test) and be able to align that with your career. 4. What is one thing that you fundamentally believed in before that you changed your mind on after this process? Kevin: Make yourself a product. These days, having that piece of paper from the university is no longer as relevant as what it used to be. It’s really important that you start to brand yourself. Make yourself a product because that’s what’s going to last forever. 5. What are you planning on doing next? What are you trying to do for the future? It’s in Kevin’s blood to want to be helping entrepreneurs, helping founders, helping people. So he is going to try his hand at venture capital and work with great founders and support them in any way possible.

Hello there! This is The Startup Catalyst Podcast brought to you by Sultan Ventures, the show where we interview entrepreneurs and investors on the stories and catalysts of their startup successes and failures hosted by Luke Tucker. Today's episode we welcome Pedro Sorrentino from FundersClub. You are in for a treat as you get to hear Pedro's story. Growing up in Sao Paolo, Pedro has been a hustler since his youth. His passion to pursue greatness, and his heart to apply himself and give back is just awesome. In the show you'll learn about Pedro's crazy journey including making the leap from a high flying ed tech startup to connections in NYC, to Boulder, and jumping on board the rocket ship startup that is Sendgrid and finally where he's at now as a VC with FundersClub. So much you can learn from Pedro's story - pay close attention to his genuine heart to serve others, and the attitude he has to roll up his sleeves and work harder, doing things no-one maybe even thought of. I'v --- Support this podcast: https://anchor.fm/startup-catalyst-podcast/support