The goalposts for raising a Pre-Seed, Seed and Series A round have changed since the Spring. Here are benchmarks that I would aim for as a founder of a SaaS or b2b fintech company in this current market
𝑛𝑜𝑡𝑒: 𝑡ℎ𝑒𝑟𝑒 𝑎𝑟𝑒 𝑒𝑥𝑐𝑒𝑝𝑡𝑖𝑜𝑛𝑠 𝑡𝑜 𝑎𝑙𝑙 𝑜𝑓 𝑡ℎ𝑒𝑠𝑒
Since I started angel investing I've seen more than 5,000 decks and helped founders raise more than $100m.
Here's common feedback I give founders on their decks:
If you'd like to learn more on how to build your deck, I'm doing a live pitch deck roast later today with the team from @OpenVC_
Join us ⬇️
https://t.co/qnmAOq3QN0
Irish digital pathology company @Deciphex raises $11.5m in Series B funding round led by @ActVC and with participation from @Novartis and @CRiverLabs https://t.co/YnAnExTeyI
StartUps on the island of Ireland looking to raise a Seed/SeriesA in '22 - register for 1 to 1 equity advice clinic w/ @InterTradeIreland - on 27 & 30 May. Feedback on deck/model/capital raising plan etc @HaloIreland @NDRC_hq@CatalystNI_@ScaleIreland
https://t.co/gKsSvl69fA
Interesting thread from @christianreber. Pay attention to what constitutes good or great growth. If you are underperforming these metrics, you may need to take more radical action to extend your runway...
@donal_cahalane Thanks for the shoutouts DC - @drewosullivan & I did a session at #VCC2022 for @Inter_Trade about #investor relations post fundraising & how the smart #founders work to (a) keep their angel investors on side for the long term & (b) effectively “harvest” their investors’ knowledge
Irish founders: myself and @kellyf2 are actively angel investing in early stage, compliance driven / regulated spaces. Anything with room for automation and great UX.
My DMs are open. Zoom / in person is good. Even if you just have an idea and feedback, reach out!
First hand advice this morning from Peter Foley, CEO of @LetsGetChecked and Alan Merriman Founder off @ElkstonePartner discussing the challenges of raising the seed round.
#VCC2022