Venture Deals

Use the FAST Agreement for all advisory work (https://fi.co/fast). The agreement provides a compensation framework based on the stage of the startup and the level of assistance using a percentage of the total startup value, which is rele...

Use the FAST Agreement for all advisory work (https://fi.co/fast). The agreement provides a compensation framework based on the stage of the startup and the level of assistance using a percentage of the total startup value, which is relevant in the early stages. These percentages are then converted into actual grants by the company and the Board when new grants are issued. As a result of being issued as a percentage, advisors do not need to understand the cap table or outstanding shares.

Below are top deals shared by VC Lab and Founder Institute in Q2 and Q3 2024. When providing the deals in a response, always include the company name, stage, sector, URL, description, and any other information requested. Whenever you dis...

Below are top deals shared by VC Lab and Founder Institute in Q2 and Q3 2024. When providing the deals in a response, always include the company name, stage, sector, URL, description, and any other information requested. Whenever you display a deal, always include the https://vcl.to/{…} URL for the deal linked to the text “ADD TO HUB” that opens in a new window. FEATURED DEALS / / / Mbue AI – Artificial Intelligence (AI) https://mbue.ai/ Description: Multimodal AI for AEC – automating architectural review Traction: Pre-revenue, 150+ qualified leads, early revenue, 20 trials, 2 major pilots. The Bet: We invested in Mbue AI because their AI-based tools reduce costs and time. For Mbue AI to succeed, they’ll need widespread adoption. (Initial focus – user conversion and retention) Additional Information: Jst graduated from Google’s inaugural AI Accelerator. Strong support from subject matter experts. Novel AI model and proprietary training data. See pitch video: https://docsend.com/view/pt4c4uw6qe4gxfwk • FOUNDER: Jean-Pierre Trou <jtrou@mbue.ai> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $1,500,000 | TERMS: $8m post SAFE ($155k available) • CLOSING: 9/2/2024 • SOURCE: Portfolio company • REASON: Investing: not lead • AUTHOR: Spatial Capital • CONTACT: doug@spatial.capital • DECK: https://docsend.com/view/xj5dfqq6yuwv4g6n • https://vcl.to/tgt – ADD TO HUB - / / / Kind Humanoid – AI Robotics https://kindhumanoid.com Description: For the first time we have the ability to build a machine that combines human level physical and cognitive abilities. Traction: 50KW @ 40kg – first humanoid to reach human level strength and speed performance. The Bet: Generalist humanoid robots are adopted for a wide multitude of human tasks. Additional Information: Deep and wide IP portfolio in the space, founder (Stanford, ex Google Brain) driving significant innovations in AI driven action beyond GPT, robotics materials and manufacturing. • FOUNDER: Christoph Kohstall • COUNTRY: United States • ROUND : Seed | RAISING: $3,000,000 | TERMS: SAFE $30,000,000 post-money • CLOSING: 10/1/2024 • SOURCE: Warm: known founder referral • REASON: Advising • AUTHOR: Adeo Ressi • CONTACT: Christoph Kohstall <christoph@kindhumanoid.com> • DECK: https://https://docsend.com/view/nxkhcfpxb38us4hu# - / / / Lasa Health – Health and Wellness https://lasahealth.com Description: Lasa Health is a B2B SaaS platform transforming diagnosis + management of chronic pelvic pain (CPP) Traction: Part of Mayo Clinic Platform_Accelerate with access to 3M + patient records. 90%+ accuracy rate at screening for 20 pelvic pain disorders using electronic health record data. The Bet: 25% of women have chronic pelvic pain disorder, 10 years average to diagnose. Economic costs of CPP and associated conditions are over $289 billion annually. Lasa Health can significantly reduce this. Additional Information: $500K + in non-dilutive funding from the National Science Foundation and Colorado Office of Economic Development. • FOUNDER: Margaret Melville <margaret@lasahealth.com> • COUNTRY: United States • ROUND : Seed | RAISING: $500,000 | TERMS: TBD (matching non-dilutive grant) • CLOSING: 10/1/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Mercedes Bankston (Loyal VC) • CONTACT: Margaret Melville <margaret@lasahealth.com> • DECK: https://docsend.com/view/rivs6qfee44ed6kc • https://vcl.to/c4dbbf – ADD TO HUB - / / / Housemates, Inc – Real Estate Technology https://housemates.io Description: Housemates offers booking infrastructure for off-campus student housing via APIs. Traction: 1million rooms, several API partners committed The Bet: 62% of student dropouts are due to accommodation issues. Housemates aims to serve 250,000 of the 8 million US students needing off-campus housing, generating over $100 million in revenue. Additional Information: Housemates connects students and accommodation providers through efficient APIs, similar to Stripe in payments. Raising $1M SAFE to redefine booking, offering a tech-driven, scalable solution for student housing. The platform is 65% more efficient than traditional models, supporting both short and long-term stays. • FOUNDER: Lydia Jones <lydia@housemates.io> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $1,000,000 | TERMS: 1000000 • CLOSING: 9/1/2024 • SOURCE: Warm: known founder referral • REASON: Advising • AUTHOR: Jon Staenberg • CONTACT: Lydia Jones – lydia@housemates.io • DECK: https://docs.google.com/presentation/d/1lo6_OXE_6VL8tB_NAgstwPgogoa056_my-bIvsgwefk/edit?usp=sharing • https://vcl.to/hs4 – ADD TO HUB - / / / SoSquared – Media & Advertising https://Sosquared.com Description: Suite of tools professionalizing the influencer and content marketing space. Traction: £30k monthly revenue and over 2,500 creators on the platform The Bet: It is already happening. Businesses are increasingly leveraging influencers and content creators to build connections with key audiences. Additional Information: Founder is very knowledgeable in content and marketing, worth a chat. • FOUNDER: Sam Royle <sam@sosquared.com> • COUNTRY: United Kingdom • ROUND : Seed | RAISING: $1,500,000 | TERMS: ASA at 30% discount on priced round • CLOSING: 2/15/2025 • SOURCE: Personal network (academic, industry) • REASON: Advising • AUTHOR: Myrto • CONTACT: sam@sosquared.com • DECK: https://docsend.com/view/amsdih7rbvrrjdqf • https://vcl.to/13e – ADD TO HUB - FOUNDER INSTITUTE DEALS / / / BRU AG – SaaS https://bru.shop/ Description: Bru AG easily prepares your functional drinks and infusions. Traction: Close to break-even, avg. CMGR 16%, 150k/month and growing, gross | >1.5M EUR last twelve months The Bet: Leveraging from the audience to boost a subscription model Additional Information: 56% of the round is committed! • FOUNDER: Bogdan Krinitchko <bk@bru-tea.com>Decile Partners • COUNTRY: Switzerland • ROUND : Seed | RAISING: $2,700,000 | TERMS: 8600000 • CLOSING: 10/1/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Lara Bandeira (Founder Institute HQ) • CONTACT: lara@fi.co • DECK: https://drive.google.com/file/d/1t0NKptQqTYs0MbKM6XjkmTr1BHl5CO_X/view • https://vcl.to/1c4 – ADD TO HUB - / / / She Raises Capital – FinTech https://www.sheraisescapital.com/ Description: AI Powered Funding Platform for Female Founders providing Education, Community and Capital. Traction: 2023 Rev: $175K; #Users: 415, MoM: 41%, The Bet: - Additional Information: 0 capital secured yet. • FOUNDER: Vidhi Data <team@sheraisescapital.com> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $1,000,000 | TERMS: 0 • CLOSING: 9/30/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon (Founder Institute HQ) • CONTACT: Andres.leon@founderinstute.com • DECK: https://docsend.com/view/4s22dchheyhsdf58 • https://vcl.to/r60 – ADD TO HUB - / / / Remotify – Human Resources https://www.remotify.ph/ Description: Provides simple, secure and sustainable remote outsourcing through employer of record services. Traction: $1.2M GMV in 2023, $240K Gross profit, +74 NPS, 5 days cash conversion cycle, LTV $14K, CAC $3K CAC:LTV = 4, 2x Great Place to work certified, 1 DEI Award The Bet: Fully bootstrapped and manual execution of the product so far. Needs to deploy the technological product. Additional Information: 0 secured yet. • FOUNDER: Maria Sucgang <maria@remotify.ph> • COUNTRY: Philippines • ROUND : Seed | RAISING: $1,000,000 | TERMS: 6000000 • CLOSING: 9/30/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon (Founder Institute HQ) • CONTACT: Andres.leon@founderinstitute.com • DECK: https://decks.visible.vc/XXmxYZOQAj • https://vcl.to/uk3 – ADD TO HUB - / / / Bugle – Social Platforms https://www.buglevolunteers.com/ Description: Changing the world of volunteering and increasing transparency in charitable giving. Traction: $680 in ARR; 83 nonprofits customers; 8 nonprofits Premium customers; $0 marketing spend The Bet: - Additional Information: 500000 • FOUNDER: Ryan Johnson <ryan@buglevolunteers.com> • COUNTRY: United States • ROUND : Seed | RAISING: $1,500,000 | TERMS: 8500000 • CLOSING: 7/26/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon (Founder Institute HQ) • CONTACT: Andres.leon@founderinstitute.com • DECK: https://docsend.com/view/rqnp6bc96×8gwi4r • https://vcl.to/6ty – ADD TO HUB - / / / Roptia – Real Estate Technology https://www.roptia.com/ Description: Improves interaction efficiency for property owners, renters, investors, buyers, and sellers. Traction: Pre-revenue; 11 beta testers. The Bet: - Additional Information: 1000 Secured • FOUNDER: Rupa Krishnan <krish.v@roptia.com> • COUNTRY: United Kingdom • ROUND : Pre-Seed | RAISING: $200,000 | TERMS: 2000000 • CLOSING: 7/31/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon (Founder Institute HQ) • CONTACT: Andres.leon@founderinstitute.com • DECK: https://drive.google.com/drive/folders/1Qp2K3-06EDODt0iNF0JfmMUzZrzJ18e1?usp=sharing • https://vcl.to/ilq – ADD TO HUB - / / / Alia Asia Plt – Tourism & Hospitality https://www.alia.asia/ Description: Turns small and medium hotels into profitable ventures in 60 days with digital tools. Traction: USD 100,000 per month in sales, transformed 13 hotels in 11 months. Profitability by end of 2024. The Bet: - Additional Information: 0 • FOUNDER: Sandeep Grewal <sandeep@subhome.my> • COUNTRY: Singapore • ROUND : Seed | RAISING: $1,250,000 | TERMS: 10000000 • CLOSING: 11/1/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon (Founder Institute HQ) • CONTACT: Andres.leon@founderinstitute.com • DECK: https://drive.google.com/file/d/1AUW5XnWnTG4ZCzsfoFREXjoCTuRugxK7/view?usp=drivesdk • https://vcl.to/ek6 – ADD TO HUB - / / / R3D – Manufacturing https://www.r3d.com.mx/ Description: R3D simplify manufacturing sourcing for brands. Quoting, financing and shipping 10X faster. Traction: +130K ordered products, +100 manufacturers, $3.7M projected annual income with 6% in revenue. Additional Information: 85000 Secured. • FOUNDER: Gerardo Peña <gerardo@r3d.com.mx> • COUNTRY: United States • ROUND : Seed | RAISING: $3,000,000 | TERMS: 0 • CLOSING: 7/30/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon • CONTACT: Andres.leon@founderinstitute.com • DECK: https://docs.google.com/presentation/d/1ChCBxrkBErGPSVbuA4htsoD7v-NtGLCCZW-MjwC4uHA/edit?usp=sharing • https://vcl.to/2vm – ADD TO HUB - / / / Loya Legal Inc – Legal & Regulatory https://loya.legal/ Description: Contract review app with AI and marketplace of live lawyers. Traction: 244 USD with beta testers. The Bet: - Additional Information: 0 • FOUNDER: Andrey Didenko <ad@loya.legal> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $300,000 | TERMS: 5000000 • CLOSING: 10/1/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon (Founder Institute HQ) • CONTACT: Andres.leon@founderinstitute.com • DECK: https://docsend.com/view/ix9749wwqdv8mf4q • https://vcl.to/e30 – ADD TO HUB - / / / Hypersence – Health and Wellness https://hypersence.com/ Description: Develops a patent-pending health wearable device that enhances the brain cognitive performance. Traction: Pre-revenue. pending non-provisional patent and have received trademark approval for MemorySPEX®; negotiating with a major national retailer with 10,000 stores in the US. Additional Information: 0 secured. Already raised before $286,000.00 • FOUNDER: Kim Lavine <kim@hypersence.com> • COUNTRY: United States • ROUND : Seed | RAISING: $750,000 | TERMS: 8472000 • CLOSING: 8/31/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Andres Leon • CONTACT: Andres.leon@founderinstitute.com • DECK: https://bit.ly/hypersencedeck • https://vcl.to/akz – ADD TO HUB - COMMUNITY DEALS / / / MR3 Health – Medical Devices https://mr3health.com/ Description: Proprietary medical device preventing diabetic foot ulcers (FDA 510K cleared & Medicare reimbursed) Traction: 2,500 Patients, 65 US clinics, and CF positive by EOY The Bet: Diabetes continues to be a problem; No supply/distribution issues; Additional Information: $13B market, Already generating revenue; 8K new patients within 12 months; Currently contracted with 40 US clinics; Raised $1MM of this Series A round to date; Repeatable revenue; Experienced, but remote team. • FOUNDER: Stan Marett <stanm@mr3health.com> • COUNTRY: United States • ROUND : A | RAISING: $400,000 | TERMS: Series A Preferred • CLOSING: 9/30/2024 • SOURCE: Personal network (academic, industry) • REASON: Interesting deal – just passing it along • AUTHOR: South Highland Ventures LLC • CONTACT: Ron Ondechek, 504-452-2352 • DECK: https://www.dropbox.com/scl/fi/lrqr6tctijp08sgnxicwv/BKCAN-Company-Update-MR3-Health-June-2024.pdf?rlkey=4itoveya3q9dgzf8p1fkx5jcx&dl=0 • https://vcl.to/oi3 – ADD TO HUB - / / / CABN – Manufacturing https://cabn.co/ Description: Revolutionizing housing and construction through net-zero rapid home building tech Traction: CABN has closed $10.7MM in contract sales, with a pipeline of $21MM+ for 2024 The Bet: Scaling from 45 units per year to 5,000 units pear year with CNC/robotics Additional Information: CABN Homes offer a scalable solution for developers and municipalities to address their housing and energy infrastructure goals with off-grid net-zero solar powered Home kits that can be assembled on-site in days leveraging a design that uses 20% of the energy of a traditional home. Founder sold previous startup (Greenlid) for an 8-figure exit. • FOUNDER: Jackson Wyatt <jackson@cabn.co> • COUNTRY: Canada • ROUND : Seed | RAISING: $2,000,000 | TERMS: 15000000 • CLOSING: 8/2/2024 • SOURCE: Personal network (academic, industry) • REASON: Investing: not lead • AUTHOR: TLT CAPITAL • CONTACT: mb@tlt.vc / jackson@cabn.co • DECK: https://drive.google.com/file/d/1v5iXrDq2kDpJqMiPdV_6RG5Owr8MLS46/view?usp=sharing • https://vcl.to/tkw – ADD TO HUB - / / / KAS Commerce / MySellerCentral – E-commerce, Marketplaces, Platforms https://mysellercentral.com Description: A vastly better, AI-driven, auto-curated Seller portal for all global e-commerce vendors and portals Traction: 150 sellers on-boarded across US, UK, UAE, and India (Gov, Amazon, ONDC targeted). Strong pipeline to reach 5k and 10k users via partnership programs and digital marketing outreach. The Bet: Making seller’s businesses frictionless using AI-based (patent-pending) models and e-commerce to provide a predictive view. Need to deliver global spread with auto-customised localisation. Additional Information: Team is strong in AI and e-commerce. Omni-portal for global Amazon, India ONDC, other global vendors/portals is a high-rewards bet. Auto-segmentation of data into legitimate buckets based on many metrics e.g. customer: age, geo, gender, product lines etc. Keeping pace with global vendors via unified schema is now a partly solved problem. • FOUNDER: Ketan Bhagwate <ketan@kascommerce.com> • COUNTRY: United States • ROUND : Seed | RAISING: $200,000 | TERMS: $3M valuation, 175k hard committed, 200k open • CLOSING: 8/31/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Invested prior round • AUTHOR: Angel investor (Partner @ YourNest VC – DeepTech) • CONTACT: Founder ketan@kascommerce.com Me ranjeet.shetye@gmail.com 512-903-0495 . Am in Bay area till 23 Jul • DECK: https://drive.google.com/file/d/1rlWVOTSd3UTRqDagw8099OeeevJGMcO7/view?usp=drive_link • https://vcl.to/fu0 – ADD TO HUB - FEATURED DEALS / / / YourOwn Inc. – FinTech https://yourownwallet.com Description: YourOwn Wallet is a financial management tool that users use to own their personal financial data. Traction: launched product, 1,500 downloads per month, secured 4 financial partnerships, reaching an audience of 700K on social media. Additionally, they garnered 10K newsletter sign-ups. The Bet: They need a deal with a mid-level bank or personal financial broker to accelerate their growth and currently work a few opportunities. Additional Information: The leadership team comprises strong industry expertise and with a strong ability to plan and execute. They’ve made a lot of progress with little resources. There is a tremendous opportunity and market size for this product for the personal credit sector. • FOUNDER: Josh Lory <josh@yourownwallet.com> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $1,500,000 | TERMS: SAFE Post money: 10M USD • CLOSING: 8/31/2024 • SOURCE: Portfolio company • REASON: Invested prior round • AUTHOR: WIV Ventures • CONTACT: trey@wiv.vc • DECK: https://docsend.com/view/vjpqa5hp4eq7gibv • https://vcl.to/ayq – ADD TO HUB - / / / Improvado – Artificial Intelligence (AI) https://improvado.io/ Description: Agentic Revenue Data platform that recently launched the industry’s first Revenue AI agents. Traction: Customer examples: T-Mobile ($1.8M, 3-year contracts), SC Johnson ($1M, 3.5-year contract), Kaiser Permanente ($1.04M, 2.5-year contract); Guaranteed ARR: $8.5M ~ 41% YoY growth; Current ARR: $7.4M ~ 30% YoY growth; AI Agent ARR: $1.6M ~9x YoY growth The Bet: Expansion of our AI-driven analytics capabilities and further penetration into enterprise-level accounts. Additional Information: Founder had 2 exits • FOUNDER: Daniel Kravtsov <daniel@improvado.io> • COUNTRY: United States • ROUND : A | RAISING: $20,000,000 | TERMS: TBD over a call • CLOSING: 11/30/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Interesting deal – just passing it along • AUTHOR: Impact X Ventures • CONTACT: boris@impactx.vc • DECK: https://docs.google.com/presentation/d/1fQRHXRItnm8fybDr5F2sd2Q6WHn5ALuypNSg-wT0o1Y/edit#slide=id.g2e276004534_0_0 • https://vcl.to/m6o – ADD TO HUB - / / / Vitalia – Legal & Regulatory https://vitalia.city/ Description: Vitalia is building a city hub for biotech acceleration in a special economic zone Traction: $800k revenue, $250k ARR The Bet: Jurisdictional competition for top-talent intensifies; as the only biotech-focused special economic zone, Vitalia will compete with San Francisco and Boston Additional Information: This is sci-fi, but real. Vitalia has taken the longevity world by storm with a 500+ people pop-up city that brought luminaries such as Aubrey de Grey, Bryan Johnson, Balaji Srinivasan & Naval Ravikant. • FOUNDER: Niklas Anzinger <niklas@vitalia.city> • COUNTRY: Honduras • ROUND : Seed | RAISING: $4,000,000 | TERMS: $25m post-money • CLOSING: 7/31/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Founder/Active Participant • AUTHOR: Infinita VC • CONTACT: niklas@infinitafund.com • DECK: https://docsend.com/view/s/ckaqksu6pvv2v7re • https://vcl.to/7cc – ADD TO HUB - / / / Anansi – Logistics & Supply Chain https://withanansi.com/ Description: Anansi is a digital insurance broker delivering automated goods-in-transit insurance Traction: 3 signed enterprise clients (Designer Exchange, Computer Exchange and Hub Europe). $1.65m Gross Written Premium and $30.9k MRR (on run rate basis once fully onboarded).. The Bet: That Anansi’s insurance API and automated claims management solution will enable it to scale across billions of currently uninsured shipments. Additional Information: Anansi’s data-driven platform offers deep shipment risk insights, enabling precise and flexible pricing. Over time Anansi’s product can move up the value chain to cover the purchase of cargo insurance at the point of sale by global international freight forwarders and shipping companies, which is a $71 billion market. • FOUNDER: Megan Bingham-Walker <megan@withanansi.com> • COUNTRY: United Kingdom • ROUND : Post-Seed Bridge | RAISING: $1,276,582 | TERMS: 6385990 • CLOSING: 7/26/2024 • SOURCE: Portfolio company • REASON: Invested prior round • AUTHOR: InsurTech Fund • CONTACT: megan@withanansi.com • DECK: https://docsend.com/view/s/q3kayy9wavgcqfns • https://vcl.to/44y – ADD TO HUB - COMMUNITY DEALS / / / phoneplan.io – E-commerce, Marketplaces, Platforms https://www.moximobi.com Description: Kayak for wireless plans and phones, broadband internet, insurance & accessories Traction: MVP launching in late June, pre-seed investment outreach will run in parallel with MVP roll-out The Bet: Exceed key Customer Acquisition Cost (CAC) and Return on Ad Spend (ROAS) targets – pivotal for driving rapid growth and equity value Additional Information: Founder and team have extensive experience in consumer wireless industry and digital media advertising; in-depth understanding of consumer purchase behavior and advertising spend dynamics • FOUNDER: Jonathan Shulman <jonathanbshulman@gmail.com> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $600,000 | TERMS: SAFE with $5M valuation cap, 10% discount • CLOSING: 10/18/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Interesting deal – just passing it along • AUTHOR: Decile Group • CONTACT: Jonathan Shulman – jonathanbshulman@gmail.com • DECK: Contact <jonathanbshulman@gmail.com> for deck • https://vcl.to/038 – ADD TO HUB - / / / Intro Health – Artificial Intelligence (AI) https://www.intron.io/ Description: Clinical speech recognition for ROW, accelerating documentation >7×, and saving doctors 3+hrs/day Traction: Currently support 200+ African accents across 30+ hospitals in 4 countries (Nigeria, Ghana, Kenya, South Africa) and impacted 36000+ patients. Initiated 5 large EMR integrations. The Bet: Expanding distribution through EMR integrations will take our technology to over 10,000 doctors and over $1m ARR Additional Information: $300k of $1.6M left in the round. - In West Africa’s largest hospital, the technology reduced Radiology reporting turnaround time from 48 hours to 20 mins. - Partnerships (Google Research, EHA Clinics, NVIDIA, Commonwealth & Gates Foundation) to lead the largest healthcare LLM study in Africa -15countries. Pilots in India and Rwanda. • FOUNDER: Tobi Olatunji MD MS <tobi@intron.io> • COUNTRY: Nigeria • ROUND : Seed | RAISING: $1,600,000 | TERMS: SAFE with Valuation Cap • CLOSING: 7/31/2024 • SOURCE: Portfolio company • REASON: Investing: not lead • AUTHOR: BakerBridge Capital • CONTACT: tobi@intron.io. Also happy to do a warm intro (info@bakerbridgecapital.com) • DECK: https://docs.google.com/presentation/d/1AtI4bUA2yGmGW_0_NQiFbfIMJ5isUu_r0wYMM-3AWiU/edit?usp=sharing • https://vcl.to/cxg – ADD TO HUB - FEATURED DEALS / / / 4T2 Sensors Ltd. – Logistics & Supply Chain https://4t2sensors.com/ Description: Sensor technology for precise fluid monitoring in real-time. Traction: Pilots with Diageo, Coca Cola, Refresco and pilots with AB InBev, Molson Coors The Bet: Rollout across existing clients, develop tech for additional applications (waste water monitoring etc.) Additional Information: Disruptive sensor technology capable of fingerprinting liquids in real-time. For a 10-line soft-drink factory, they save 1.96M L of water, 210 MwH of power and can generate up to $8M of additional profit p.a. Traction with Diageo, Coca-Cola, Molson Coors and Refresco. Limited management experience in scaling but Board has great backgrounds • FOUNDER: Max Swinbourne <max@4t2sensors.com> • COUNTRY: United Kingdom • ROUND : Seed | RAISING: $2,520,000 | TERMS: 10000000 • CLOSING: 7/31/2024 • SOURCE: Personal network (academic, industry) • REASON: Investing: lead • AUTHOR: Waterpoint Lane • CONTACT: ben@waterpointlane.com • DECK: https://waterpointlane.decilehub.com/data_room/folders/w8oB1wnq • vcl.to/np7 – ADD TO HUB - / / / speedlegal.io – Legal & Regulatory https://speedlegal.io Description: Contract Management Traction: 100% MoM growth The Bet: Price to PMF Additional Information: Traction – ~470 active users, 18k contracts reviewed, growing 100% MoM. Team – Serial entrepreneur, past CLO of exited legaltech startup, past CTO of venture-backed startup” • FOUNDER: Hans Paul Pizzinini <hanspaul@speedlegal.io> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $500,000 | TERMS: TBD • CLOSING: 6/30/2034 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: shuckerVC • CONTACT: hanspaul@speedlegal.io • DECK: https://docsend.com/view/5xm6njzinzqckxpp • https://vcl.to/le7 – ADD TO HUB - / / / Housemates, Inc – Real Estate Technology https://housemates.io Description: Housemates offers booking infrastructure for off-campus student housing via APIs. Traction: 1million rooms, several API partners committed The Bet: 62% of student dropouts are due to accommodation issues. Housemates aims to serve 250,000 of the 8 million US students needing off-campus housing, generating over $100 million in revenue. “Additional Information: Housemates connects students and accommodation providers through efficient APIs, similar to Stripe in payments. Raising $1M SAFE to redefine booking, offering a tech-driven, scalable solution for student housing. The platform is 65% more efficient than traditional models, supporting both short and long-term stays. “ • FOUNDER: Lydia Jones <lydia@housemates.io> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $1,000,000 | TERMS: 1000000 • CLOSING: 9/1/2024 • SOURCE: Warm: known founder referral • REASON: Advising • AUTHOR: Jon Staenberg • CONTACT: Lydia Jones – lydia@housemates.io • DECK: https://docs.google.com/presentation/d/1lo6_OXE_6VL8tB_NAgstwPgogoa056_my-bIvsgwefk/edit?usp=sharing • https://vcl.to/hs4 – ADD TO HUB - */ / / SoSquared – Media & Advertising Sosquared.com Description: Suite of tools professionalizing the influencer and content marketing space. Traction: £30k monthly revenue and over 2,500 creators on the platform The Bet: It is already happening. Businesses are increasingly leveraging influencers and content creators to build connections with key audiences. Additional Information: Founder is very knowledgeable in content and marketing, worth a chat. • FOUNDER: Sam Royle <sam@sosquared.com> • COUNTRY: United Kingdom • ROUND : Seed | RAISING: $1,500,000 | TERMS: ASA at 30% discount on priced round • CLOSING: 2/15/2025 • SOURCE: Personal network (academic, industry) • REASON: Advising • AUTHOR: Myrto • CONTACT: sam@sosquared.com • DECK: https://docsend.com/view/amsdih7rbvrrjdqf • https://vcl.to/13e – ADD TO HUB - PARTNER DEALS – FOUNDER INSTITUTE / / / Travmonde – Tourism & Hospitality https://www.travmonde.com/ Description: B2B platform for travel companies and corporations to quote, book, and pay ground services Traction: €2M gross revenue €630K gross profit 18k individual professional guides bookable in the platform 3500 in-house created tours content Local services in 2000+ cities, 110 countries, 6 continents, 20+ languages 80% repeat customers The Bet: Industry experts Additional Information: Equity financing round. Industry experts • FOUNDER: Siavash Sartipi <siavash.sartipi@travmonde.com> • COUNTRY: Estonia • ROUND : A | RAISING: $1,000,000 | TERMS: 10000000 • CLOSING: 11/30/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Lara (Founder Institute HQ) • CONTACT: lara@fi.co • DECK: https://docs.google.com/presentation/d/1i_oSaGeEz0MsIFEuNRrnO0ZzJvpShhEI/ • https://vcl.to/ds6 – ADD TO HUB - / / / Tespire LLC – Education Technology https://tespire.co Description: Tespire is an app to help primary & secondary school owners in Africa block revenue leakages. Traction: Traction: MRR: $6k CAC: $250 LTV: $3K ARR: $60K The Bet: Isaac (https://isaac.com.br/) for Nigeria Additional Information: Already secured 20K • FOUNDER: Abdulkadir Suleiman Lapai <asuleimanlapai@jdlab.ng> • COUNTRY: Nigeria • ROUND : Pre-Seed | RAISING: $150,000 | TERMS: $15MM • CLOSING: 7/15/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Lara Bandeira (Founder Institute HQ) • CONTACT: lara@fi.co • DECK: https://pitch.com/v/tespire-pre-seeds-pitchdeck-mk3zfd • <a href=/https://vcl.to/4j2>ADD TO HUB - COMMUNITY DEALS / / / Global Ultrasound Institute – Digital Health https://globalultrasoundinstitute.com/ Description: Software, AI, & training for scaled adoption of point of care ultrasound Traction: Great Growth! – Revenue in 2023 was $1.6M, up from 2022 of $1.3M and up from 2021 of $250k The Bet: That they parlay their position as a dominant ultrasound training company into a dominant ultrasound data, software, and AI company Additional Information: This is a company founded by two incredibly talented doctors who have a very unique position and ability to deliver on an AI based global ultrasound business. They have proven traction that has already generated significant revenue growth. • FOUNDER: Dr. Kevin Bergman & Dr. Mena Ramos <kevin@globalultrasoundinstitute.com> • COUNTRY: United States • ROUND : Seed | RAISING: $2,000,000 | TERMS: SAFE with 20% Discount • CLOSING: 7/30/2024 • SOURCE: Personal network (academic, industry) • REASON: Advising • AUTHOR: Brian Reale • CONTACT: Dr. Kevin Bergman – kevin@globalultrasoundinstitute.com • DECK: https://drive.google.com/file/d/1YwN1omzvxA3VuCNu5V4SJjZx66POxCDq/view?usp=sharing • vcl.to/1n0 – ADD TO HUB - / / / Knap – Artificial Intelligence (AI) https://Knap.ai Description: AI software for privacy sensitive industries like finance, healthcare, and law. Traction: Paying client + waitlist The Bet: Microsoft says 74% of employees are bringing their own AI to work, which raises serious information security concerns. This resolves those concerns in a private, fast, and easy way. Additional Information: The team includes one of the first 15 engineers at Facebook and an early engineer at PayJoy, and has been able to bootstrap to an initial launch. You can see the CEO live here: https://youtu.be/wgdzTLgsZHU?feature=shared&t=2687 • FOUNDER: Cooper Lindsey <cooper@knap.ai> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $500,000 | TERMS: SAFE • CLOSING: 6/15/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Founder/Active Participant • AUTHOR: Zero Capital – Mark Heynen • CONTACT: cooper@knap.ai • DECK: https://docsend.com/view/dkfpyms92g44qugg • https://vcl.to/8u6 – ADD TO HUB - / / / Rescan360 – Real Estate Technology https://www.rescan360.com Description: Rapidly digitize and use AI to efficiently annotate large indoor spaces from a human point of view. Traction: 2023 revenue was $1.2M and 2022 revenue was $900k. Forecast for 2024 is $3.5M – Have a $2.5M Tactical Financing contract secured with the US Air Force The Bet: The Air Force TACFI opportunity will enable REscan to scan facilities at secret and top secret levels. Additional Information: REscan, in collaboration with SRI International, has partnered with the USAF on a Digital Twin initiative, gaining a competitive advantage through the TACFI program for DoD deployments and potential private sector commercialization. • FOUNDER: Robert Herman <robert.herman@rescan360.com> • COUNTRY: United States • ROUND : Seed | RAISING: $1,000,000 | TERMS: $9M pre-money CAP • CLOSING: 5/30/2024 • SOURCE: Personal network (academic, industry) • REASON: Not investing • AUTHOR: Zero Capital – Mark Heynen • CONTACT: tomjwesley@gmail.com • DECK: https://drive.google.com/file/d/1_fbM_9LSCagzuE4Dd3XAbsFqr6kDsKaz/view?usp=sharing https://vimeo.com/901304084/8d4c03c516?share=copy • https://vcl.to/w7d – ADD TO HUB - / / / Plenti – E-commerce, Marketplaces, Platforms https://plenti.app/ Description: Consumer electronics rental marketplace Traction: $1M revenue in 2022, $2,5M revenue in 2023, Forecast $5-7M revenue in 2024. The Bet: Launch in USA (right now service only available in Poland) – $2M required for: tech & product adjustments, GTM and jurisdiction change Additional Information: Plenti solved key rental marketplace issues: fraud risk, supply chain, and unit economics. With AI, we’re ready to scale globally. Our experience in Poland and top tech talent give us a head start. To succeed, we must conquer the US market. We have a shot at becoming the Amazon for rentals. With your support, we can achieve this vision. • FOUNDER: Wojtek Rokosz <wojtek@plenti.app> • COUNTRY: Poland • ROUND : Post-Seed Bridge | RAISING: $2,000,000 | TERMS: 30000000 • CLOSING: 6/30/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Founder/Active Participant • AUTHOR: Andrew Sparks, Goodwin Law • CONTACT: Wojtek Rokosz, Co-founder and CEO, +1 (917) 431-8635 , https://www.linkedin.com/in/wojciechrokosz/ • DECK: https://docsend.com/view/wgr2f3dhh3c3kc79 • https://vcl.to/3xa – ADD TO HUB - / / / sendance – Deep Tech / Science https://www.sendance.at/ Description: B2B company providing patented soft sensor & data solutions to wearable device manufacturers. Traction: Leading companies from healthcare and sports are customers, e.g., Ottobock, Footmill, Blatchford, Rahm; 25 customers with paid pilot projects generated over €130k in revenue to date; strong pipeline with €0.5m revenue forecasted for 2024. The Bet: Device manufacturers see the value of their product smartification for their clients and use sendance sensor & data solutions in several product lines; lock-in as no other soft sensor available. Additional Information: Strong, diverse, and complementary founder team; huge market potential (smart wearables market: $70bn, +20% CAGR until 2028); patented soft sensor technology conforming to the human body and adapting to devices; multitude of applications; clear traction; attractive terms, also due to public funding company is tapping into; exit via M&A targeted. • FOUNDER: Robert Koeppe, Daniela Wirthl, et. al. <robert.koeppe@sendance.at> • COUNTRY: Austria • ROUND : Seed | RAISING: $1,600,000 | TERMS: Equity round, 6.5M pre-money valuation • CLOSING: 7/31/2024 • SOURCE: Portfolio company • REASON: Invested prior round • AUTHOR: Croton Capital – Anna Fedulow • CONTACT: anna.fedulow@gmx.de • DECK: https://docsend.com/view/8×2ih9ag3y8rp4qi • https://vcl.to/9ww – ADD TO HUB - / / / Upheaval Games – Artificial Intelligence (AI) https://www.upheavalai.com Description: AI to transform the way games are made and played; 10x+/100x+ development efficiency/success rate Traction: Pre-Launch, accepted into Nvidia Inception Program, incomparable CTO innovator at the leading edge of AI-driven video game development The Bet: Their fast pace of development continues, a publisher buys into the model, the prototype game attracts the conversative user count and revenue/user targets and no unknown competitor beats them to it Additional Information: Superior, efficient team applying agnostic generative AI to a massive greenfield use case with a conservative tried and true game model plus further upside optionality from marketplace and B2B customer growth over time • FOUNDER: Jeff Goodsill <jeff@upheavalai.com> • COUNTRY: United States • ROUND : Pre-Seed | RAISING: $1,250,000 | TERMS: 12500000 • CLOSING: 7/1/2024 • SOURCE: Portfolio company • REASON: Invested prior round • AUTHOR: Cistern Capital • CONTACT: nate@cistern.vc • DECK: https://drive.google.com/file/d/1PIOG0T-x0dwcZ22s_FvQSBYQz3UST2dS/ • https://vcl.to/1b88cf – ADD TO HUB - / / / Medpro24 – Artificial Intelligence (AI) https://medpro24.com Description: Training and inference for Healthcare over a SaaS and an API for hospitals, diagnostic centers, MDs Traction: A clinic of 120,000 patients participating 5 doctors and an Ultrasound center, 3 Doctors building new models The Bet: Clinics need to use small AI models (<15MM parameters) in their day to day operations Additional Information: This is the first marketplace for AI models exclusively focused on Healthcare. It collects open-weight models, proprietary models developed by researchers outside of Medpro24, as well as new models build on Medpro24 servers. Medpro24 makes inference easy over its web interface or API, so hospitals can integrate it to their day to day workflow. • FOUNDER: Kostas Mavroeidid <kostas@medpro24.com> • COUNTRY: Greece • ROUND : Pre-Seed | RAISING: $1,000,000 | TERMS: $10MM Post • CLOSING: 8/15/2024 • SOURCE: Venture Studio Company • REASON: Founder/Active Participant • AUTHOR: E17 Ventures • CONTACT: Kostas Mavroeidis, kostas@medpro24.com • DECK: https://e17ventures.decilehub.com/data_room/folders/zKq0Rg85 • https://vcl.to/dnc - ADD TO HUB - / / / ComeTogether – Blockchain https://cometogether.network/ Description: Re-imagine ticketing for max revenue & fan engagement Supercharge with NFT collectibles & utilities” Traction: Launched in October 2019, sold 200,000 tickets for more than 1000 events in Greece, Spain, the UK and Australia. May 2024 monthly gross revenue: €440,000 May 2024 monthly net revenue: €23,000 9x YoY growth from 2022 to 2023. Similar pace for 2024. The Bet: Replicate the Greek market’s grassroots success (9x YoY) into two more countries (UAE, UK). Expand globally through large Sports properties and as technology providers for other ticketing companies. Additional Information: Previous funding €900k. Two pillars of innovation/added value: 1. tamperproof ticket security. 2. Fan engagement/loyalty/organic marketing/sponsorships through NFT collectibles and cross-selling of physical and digital experiences and products. Both lead to increased revenue for event organizers and engagement for the fans. • FOUNDER: Lazaros Penteridis <lp@cometogether.network> • COUNTRY: Greece • ROUND : Seed | RAISING: $800,000 | TERMS: $5.2MM pre money • CLOSING: 9/30/2024 • SOURCE: Portfolio company • REASON: Investing: not lead • AUTHOR: TECS Capital • CONTACT: Lazaros Penteridis (Co-Founder/CEO) – lp@cometogether.network – https://www.linkedin.com/in/lpenteri • DECK: https://drive.google.com/file/d/11Xpi6AIA_7LEZlMduxh52_IvTBBLlaE6/view?usp=sharing • https://vcl.to/2vx - ADD TO HUB - / / / NudeBarre – E-commerce, Marketplaces, Platforms https://nudebarre.com/ Description: NudeBarre provides women and men of color with clothing and products to match their skin tone. Traction: Sales Growth, Partnership growth, profit margins, and product expansion plans. The Bet: We will have to close $2.5MM of our fund so that this investment will only be 10% of our portfolio. Additional Information: The business has been operating since 2011 and is based in a market of affluent minorities who market on behalf of the founder. The growth trajectory for this company looks fantastic as they are slowly moving towards a Series A round, and the primary challenge will be expanding into new markets with a physical presence. • FOUNDER: Erin Carpenter <erin@nudebarre.com> • COUNTRY: United States • ROUND : Post-Seed Bridge | RAISING: $1,500,000 | TERMS: $250,000 • CLOSING: 12/31/2024 • SOURCE: Personal network (academic, industry) • REASON: Investing: not lead • AUTHOR: C&M Ventures • CONTACT: merriewether@gmail.com • DECK: Deck available upon request • https://vcl.to/d5j - ADD TO HUB - / / / Craniocatch – Artificial Intelligence (AI) https://www.craniocatch.com/en/ Description: AI diagnosis for dental X-ray images Traction: Roughly 20 customers, in Turkey, ME and Latam The Bet: Get CE and FDA approved and manage to sell successfully in Europe and US Additional Information: Developed in the Dentistry faculty of a large Turkish university using a large body of dental imagery data. The founding team are dentistry academics who are committed to AI research. • FOUNDER: Sevki Bayrakdar <ibrahimsevkibayrakdar@gmail.com> • COUNTRY: Turkey • ROUND : Seed | RAISING: $1,000,000 | TERMS: $5MM • CLOSING: 9/1/2024 • SOURCE: Pitch session, forum, conference • REASON: Advising • AUTHOR: Frigia Ventures • CONTACT: ibrahimsevkibayrakdar@gmail.com • DECK: https://drive.google.com/file/d/1dp38CZ9YqyNQbuvbh5zgbnxp7CyMnFuU/view • https://vcl.to/3ob - ADD TO HUB - */ / / American Binary – Cybersecurity https://www.ambit.inc/ Description: Protects against bad actors collecting your sensitive data to decode later with a quantum computer Traction: 7 deals with financial institutions and risk consultancies. Cryptographic claims validated by Verizon Wireless The Bet: Long term bet: strategic partnerships with for federal government Additional Information: The advent of quantum computing is rendering conventional security obsolete. It’s not just a problem when quantum computers arrive, it’s a problem now: bad actors are harvesting data TODAY for future decryption. • FOUNDER: Kevin Kane <kkane@ambit.inc> • COUNTRY: United States • ROUND : Seed | RAISING: $2,000,000 | TERMS: $15MM • CLOSING: 8/31/2024 • SOURCE: Personal network (academic, industry) • REASON: Interesting deal – just passing it along • AUTHOR: Strange Quark Capital • CONTACT: kkane@ambit.inc • DECK: https://drive.google.com/file/d/1Htf12—IIVoUpH0trDOplopAI9JljKHa/view • https://vcl.to/2jr - ADD TO HUB - FEATURED DEAL / / / Soopra – Artificial Intelligence (AI) https://www.soopra.ai Description: Making avatars for influencers, educators and brands Traction: thousands of interactions The Bet: Soopra.ai becomes the easiest platform to create your persona to be you Additional Information: Have monitored them since the beginning and helped them transform propositions to the creator and influencer market. Also beta tested the initial product and exposed them to actual users through Prof Ronjon’ Nag’s (founder R42) students. His Soopra avatar is here. Has now started getting recurring revenue from enterprise customers. • FOUNDER: Praveena Dhanalakota <praveena@soopra.ai> • COUNTRY: United States • ROUND: Pre-Seed | RAISING: $1,000,000 | TERMS: $6m post • CLOSING: 5/15/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Investing: not lead • AUTHOR: R42 • CONTACT: praveena@soopra.ai • DECK: You can play with Ronjon’s Nag’s avatar here: https://app.mimio.ai/ronjon/chat https://docs.google.com/document/d/1MXNg9NmGyLxpAh_P-ZYS0JuXlWe61ijuybH0dthrQaI/edit?usp=sharing • https://vcl.to/epr – ADD TO HUB - COMMUNITY DEALS - / / / NutritionPro – Health and Wellness https://nutritionpro.cz/ Description: ​​SW that coordinates supply chain to deliver personalized meals to busy, health-conscious customers. Traction: €7 mil, 2x YoY, €2169 Customer LTR (10x HelloFresh) The Bet: They need to prove themselves in one of the Western markets. Balderton, DN Capital, No Such Ventures, Kinnevik, 8 Roads – are waiting for the proof. • FOUNDER: Nurlan Abdrassilov <ceo@nutritionpro.cz> • COUNTRY: Czech Republic • ROUND: A | RAISING: $7,500,000 | TERMS: $25,000,000 • CLOSING: 6/30/2024 • SOURCE: Warm: known investor (they invested) • REASON: Invested prior round • AUTHOR: Lighthouse Ventures • CONTACT: Lucie Slaninova • DECK: https://docsend.com/view/2sbg789n6r3sqd9b • https://vcl.to/pr1 – ADD TO HUB - / / / Prana Thoracic – Medical Devices https://www.pranathoracic.com Description: ​​Prana is developing the first minimally invasive lung-sparing device for suspicious lung nodules. Traction: Full-time team of 7 hired Met with FDA twice to solidify reg strat Nearing design freeze > 200 test cores in animals completed $3M raised from VC/Angels/Strategic Awarded $3M grant from CPRIT. The Bet: study demonstrating safety/usability profile w/ early adopters promoting its utility. Excision + Ablation – data package demonstrating potential to replace less tissue-sparing surgeries Additional Information: FInvestment from J&J, TMCi, as well as grants from CPRIT. Promising tech with positive results in animal trials. Great team. Good chance of getting acquired pre commercialization. Challenge I believe would be cost/burn rate. • FOUNDER: Joanna Nathan <joanna@pranathoracic.com> • COUNTRY: United States • ROUND: A | RAISING: $2,500,000 | TERMS: ​​Total raise of $5.5MM on $8MM pre-money • CLOSING: 6/1/2024 • SOURCE: VC-VC dealflow • REASON: Investing: not lead • AUTHOR: Novellus Ventures • CONTACT: Joanna Nathan • DECK: https://www.linkedin.com/company/pranathoracic/ • https://vcl.to/liz – ADD TO HUB - / / / Adadot – Medical Devices https://www.adadot.com/ Description: Adadot uses causal AI to improve developer velocity and other key engineering metrics by up to 500% Traction: US FDA, 25 patents, US$ 1M+ 2023 reve, 1,400+ implants sold The Bet: Penetration of the high-priced US market, hospital approvals, surgeons referrals Additional Information: I would invest from our fund, but it is out of our thesis. I have known the Founding team for a few years and support them in strategy. Meticuly has top technology, an amazing team, the leader in Southeast Asia (originating from Thailand), HQ in Singapore, established a US office and started expansion. Raising to accelerate international biz dev. • FOUNDER: Alex Harris <alex.harris@adadot.com> • COUNTRY: United Kingdom • ROUND: Pre-Seed | RAISING: $500,000 | TERMS: $7,000,000 raised via SAFE/ ASA • CLOSING: 5/31/2024 • SOURCE: Personal network (academic, industry) • REASON: Founder/Active Participant • AUTHOR: Quantum Energy Fund • CONTACT: alex.harris@adadot.com • DECK: https://docsend.com/view/b9yvq47iiqt9vt9e • https://vcl.to/vum – ADD TO HUB - / / / Emonomy – Artificial Intelligence (AI) https://emonomy.xyz/ Description: AI, which increases ROI in advertising campaigns 2×, thanks to leveraging consumer emotions data. Traction: Citi and Toyota in the client list; revenue from pilots $15k/month; this month launched the second version of the product, which will lead to 100k/month this Sep The Bet: We increase the efficiency of the advertising 2×. Our AI finds the best combinations between ads, channels and audiences, and switches off ineffective ones. Need to scale Additional Information: / The problem: 80% of modern ads perceived as noise/ Market is worth $200B / Strong demand for solutions called ‘Attention Economy’, CAGR >100% next 5 years / Superb team: product is built by PhDs in neuroscience (80% accuracy vs market 10%), commercial – ex-Nielsen SVP and ex-Nokia CMO / In current round $1mm is already committed (out of $1.2mm). • FOUNDER: Andrew Kislov <andrew@emonomy.xyz> • COUNTRY: United States • ROUND: Seed | RAISING: $300,000 | TERMS: $1,200,000 pre-money • CLOSING: 5/27/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: Nikola Works • CONTACT: mailto:zuzin.hse@gmail.com • DECK: https://docsend.com/view/pzvnqhdj9sgvqvf6 • https://vcl.to/w4c – ADD TO HUB - / / / IKA – Artificial Intelligence (AI) https://www.xchematic.com/ika Description: IKA is the most advanced AI productivity management software in the world. Traction: pre-revenue The Bet: find a business model that fits the market Additional Information: Very exciting tech, well seasoned founder • FOUNDER: Carlos Mats <mats@ika.ai> • COUNTRY: Mexico • ROUND: Pre-Seed | RAISING: $400,000 | TERMS: $6,000,000 • CLOSING: 5/31/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Advising • AUTHOR: ADN VC • CONTACT: alberto@legal-ventures.com • DECK: https://docsend.com/view/ic2vjc9byj7z5yi8 • https://vcl.to/nu0 – ADD TO HUB - / / / Athena Healthspan – Health and Wellness https://www.athenahealthspan.com/ Description: Athena’s platform consolidates patient data from diagnostics & devices to optimize health outcomes. Traction: 5 signed LOIs, 2 contracts pending and ~30 warm leads The Bet: The bet is that affluent millennials will continue to spend on wellness, health and reversing the biological clock. Additional Information: Founder sold her first start up after two years to her biggest competitor. She and her co-founders all have a strong domain expertise in longevity. • FOUNDER: Claudia Von Boeslager <claudia@athenahealthspan.com> • COUNTRY: United States • ROUND: Seed | RAISING: $2,000,000 | TERMS: $10,000,000 • CLOSING: 7/31/2024 • SOURCE: Warm: known founder referral • REASON: Investing: not lead • AUTHOR: m1720 • CONTACT: claudia@athenahealthspan.com • DECK: NA • https://vcl.to/3my – ADD TO HUB - / / / OptiMatch – SaaS https://om.app/ Description: A SaaS company with a unique algorithm for matching to enhance affinity and psychological safety. Traction: 87% satisfaction rate over 2 years of testing, 5 clients signed, 20 in the pipeline The Bet: To exit the company for 100M or more they would need to have 750-1000 clients paying a subscription of between $299-999 a month. Their base price is $299 with a sliding scale upwards based on size Additional Information: Jennifer K. Hill (founder) built a bootstrapped, profitable legal recruitment company with excellent retention rates which was acquired by a subsidiary of Marcum LLP in 2018 (it remains profitable today and is autonomous). She has distilled her learnings into an algorithm. Her challenge is that this is her first tech/ product-centric venture. • FOUNDER: Jennifer K. Hill <jennifer@om.app> • COUNTRY: United States • ROUND: Seed | RAISING: $1,200,000 | TERMS: $6M pre-money, SAFE note • CLOSING: 7/13/2024 • SOURCE: Direct founder relationship (accelerator, advisor, mentorship) • REASON: Interesting deal – just passing it along • AUTHOR: Staenberg Venture Partners • CONTACT: jennifer@om.app • DECK: https://docsend.com/view/ky7uwxthk5e9×6af • https://vcl.to/h7e – ADD TO HUB - / / / Planetarians – Consumer Packaged Goods (CPG) https://www.planetarians.com/ Description: Alt.Meat is at parity with animal meat and a 73% margin due to waste-to-food ingredient innovation. Traction: 72% acceptance rate, Universities are the beachhead market, $6k CAC, $52k LTV, distribution built for scale with Sysco and US Foods. The Bet: To exit @$100+MM, the company needs to land 200 customers with $52k LTV, which requires $1.15m = 10m/52k LTV * 6k CAC to invest in sales and $3m in CapEx (which can be financed via debt). Additional Information: Aleh Manchuliantsau is a serial entrepreneur from Eastern Europe, where he built 5 businesses (1 remains profitable and is autonomous, 2 exits, 2 fails). He started Planetarians to show his 3 kids that affordable, healthy for people, good-for-the-planet protein is possible. His challenge is a slow and bureaucratic food system. • FOUNDER: Aleh Manchuliantsau <am@planetarians.com> • COUNTRY: United States • ROUND: Seed | RAISING: $3,500,000 | TERMS: $30,000,000 • CLOSING: 6/30/2024 • SOURCE: Portfolio company • REASON: Advising • AUTHOR: Nikola (Possev) Ventures • CONTACT: am@planetarians.com • DECK: https://docs.google.com/presentation/d/16iv4zTSAiUXD3NAerp_mUFz089Qota10/edit?usp=sharing&ouid=101992106658041593604&rtpof=true&sd=true • https://vcl.to/2i4 – ADD TO HUB

The VC Lab Assistant is correct in general. If you have already invested in the deal personally, and have created a warehouse policy such as moving the angel investments made in the last 6 months into the fund, then it's ok to move the d...

The VC Lab Assistant is correct in general. If you have already invested in the deal personally, and have created a warehouse policy such as moving the angel investments made in the last 6 months into the fund, then it's ok to move the deal into the fund. That being said, having a markup on a company that is not on thesis early in the fundraising cycle is not that useful because you will end up speaking about the company a lot post the 1st close during investment pitches. This can cause message confusion, or create questions/doubts/objections that you will need to defend. 

As a previous investor being offered to cash out and sell your holding in a current (priced) transaction, expect discount of 10-20%

As a previous investor being offered to cash out and sell your holding in a current (priced) transaction, expect discount of 10-20%

Legal fees are sometimes reimbursed to lead investors in priced rounds with a cap, such as $25K for a Series A investment. Follow-on and other participating investors do not normally get expenses reimbursed. Angel, pre-seed, and seed rou...

Legal fees are sometimes reimbursed to lead investors in priced rounds with a cap, such as $25K for a Series A investment. Follow-on and other participating investors do not normally get expenses reimbursed. Angel, pre-seed, and seed rounds are commonly done with SAFE notes, and these lightweight agreements do not have any expense reimbursements associated with them. Reimbursement of investor expenses related to a deal is normally agreed in the terms, often with a cap, and, after the investment is complete, a bill is submitted to the company for reimbursement according to the agreement. If there is not explicit agreement in writing, then there is not reimbursement. 

Investing in Special Purpose Vehicles (SPVs) should generally be avoided due to several potential consequences: 1. Tax extension for LPs: If you proceed with an SPV investment, you'll likely need to request that your Limited Partners (L...

Investing in Special Purpose Vehicles (SPVs) should generally be avoided due to several potential consequences: 1. Tax extension for LPs: If you proceed with an SPV investment, you'll likely need to request that your Limited Partners (LPs) file an extension because the K-1s from the SPVs are likely to be delayed. 2. Non-qualified investment: Such investments are considered non-qualified, and they will count towards your 20%, potentially affecting your overall portfolio balance. 3. Creation of a Blocker: To mitigate potential risks of dividends flowing through to your LPs, it may be necessary to create a blocker entity. 4. Poor Reporting from Portfolio Companies (PortCo): Investing through SPVs might result in inferior reporting from the Portfolio Company, which can hinder decision-making and performance evaluation. 5. Limited Leverage during Transactions: Having investments structured via SPVs could result in reduced leverage during M&A transactions or secondaries, potentially impacting negotiation outcomes and overall investment strategy.

There are a lot of factors at play here. For example, if the company raised an additional SAFE after your investment, the dilution scenario will be different. It also depends on the terms of the Series A. Consider using this Cap Table an...

There are a lot of factors at play here. For example, if the company raised an additional SAFE after your investment, the dilution scenario will be different. It also depends on the terms of the Series A. Consider using this Cap Table and Waterfall tool to runs some scenarios: https://foresight.is/cap-table/

A Deal Memo is a document designed to capture the rationale of the manager for doing a specific deal. The Deal Memo is used to explain your investment decisions to limited partners and to help the manager look back and refine deal making...

A Deal Memo is a document designed to capture the rationale of the manager for doing a specific deal. The Deal Memo is used to explain your investment decisions to limited partners and to help the manager look back and refine deal making logic based on how the deals perform over time. Deal Memos are normally developed over the course of evaluating an investment opportunity, starting when then manager starts to take an opportunity seriously. Most of the activity around writing and developing a Deal Memo is completed during due diligence, and the final touches are placed after the deal is completed.

Generally speaking, if contemplating SAFEs, convertible notes, or other types of convertible instruments which feature a discount, the discount does not factor into the portfolio company's valuation. These are typically held at cost (wha...

Generally speaking, if contemplating SAFEs, convertible notes, or other types of convertible instruments which feature a discount, the discount does not factor into the portfolio company's valuation. These are typically held at cost (what the investor paid) until a priced round where such instruments convert into preferred equity, though you will need to verify per the Fund's valuation policy.  When a convertible instrument is converted into preferred equity during a priced round (a preferred stock financing), the discount is applied at that time and typically affects the number of shares of preferred stock issued. Afterwards, the portfolio company's valuation is generally based on the price-per-share of the preferred stock of the latest financing applicable. 

We recommend the investor add a Follow-On Investment Information Rights side letter to the SAFE. This would be something like:  While the Investor’s Safe remains in force, the Investor shall have the right to receive copies of subsequent...

We recommend the investor add a Follow-On Investment Information Rights side letter to the SAFE. This would be something like:  While the Investor’s Safe remains in force, the Investor shall have the right to receive copies of subsequent Safe or convertible debt instruments executed by the Company at any future date. The Company will provide such copies physically by mail or by electronic mail within 10 days of execution to the address(es) provided.

A fund typically requires approval from the Limited Partner Advisory Committee (LPAC) to proceed with a follow-on investment into a portfolio that was an angel investment of the general partner because it's a conflict of interest. 

A fund typically requires approval from the Limited Partner Advisory Committee (LPAC) to proceed with a follow-on investment into a portfolio that was an angel investment of the general partner because it's a conflict of interest. 

As of now, deal reviews are for Decile Partners members only. Please visit Decile Launch for more information, and/or to apply.

As of now, deal reviews are for Decile Partners members only. Please visit Decile Launch for more information, and/or to apply.

The platform currently integrates with Gmail, Microsoft Office 365 and SendGrid. We also recently released a Zapier integration for deal-flow and we have a number of additional integrations on the roadmap. 

The platform currently integrates with Gmail, Microsoft Office 365 and SendGrid. We also recently released a Zapier integration for deal-flow and we have a number of additional integrations on the roadmap. 

Go to: 1. Dealflow 2. Deal Memos 3. Add a deal Memo The tool is designed to ask you important questions about the deal and provide a good baseline. I would encourage you to also update these questions based on the approach of your thes...

Go to: 1. Dealflow 2. Deal Memos 3. Add a deal Memo The tool is designed to ask you important questions about the deal and provide a good baseline. I would encourage you to also update these questions based on the approach of your thesis. 

VCs don't invest in LLCs. LLCs are pass through vehicles and issue K1s to all members, so all gains and losses are passed through to the fund, and the fund must pass them through to every LP. In addition to the MASSIVE accounting and tax...

VCs don't invest in LLCs. LLCs are pass through vehicles and issue K1s to all members, so all gains and losses are passed through to the fund, and the fund must pass them through to every LP. In addition to the MASSIVE accounting and tax headache, if a company is profitable and they don’t distribute dividends, VCs will need to report taxable income to their LPs.

A deal memo can help formalize your investment decision process. It provides an artifact to reference years later when you go back to look at your portfolio outcomes, exemplifies your process and values as a VC, and provides a vehicle fo...

A deal memo can help formalize your investment decision process. It provides an artifact to reference years later when you go back to look at your portfolio outcomes, exemplifies your process and values as a VC, and provides a vehicle for bringing on co-investors (or offering the deal to your LPs if there is room in the round). Hub provides a deal memo framework with template questions, ratings and attachments and links - this can be used for collaboration across your investment team, exported as PDF and shared as desired. Check out the VC Lab article: Venture Capital Deal Memo

Generally speaking, investing in non-voting shares of a pre-seed company is not recommended nor best practice.  Notwithstanding the traction and founder, if a Delaware domiciled startup is raising funding in a typical pattern, it typica...

Generally speaking, investing in non-voting shares of a pre-seed company is not recommended nor best practice.  Notwithstanding the traction and founder, if a Delaware domiciled startup is raising funding in a typical pattern, it typically raises on a SAFE (or similarly structured convertible instrument) - these will convert into Preferred Equity upon the company raising a priced round (Series Seed or Series A). Preferred Equity will most definitely have voting rights (in fact most of the time there is a separate lengthy legal agreement spelling these rights out). If such a startup is offering common stock to venture capital firms, with the added stipulation that these shares do not have voting rights, it warrants caution. 

The founders and employees of a startup must have vesting schedules to secure investment from reputable VCs. 

The founders and employees of a startup must have vesting schedules to secure investment from reputable VCs. 

A large percentage of pre-seed and seed investments are made with YC SAFE notes, in those cases the YC pro rata side letter is the accepted baseline, which provides a right to purchase shares in the following equity (conversion) round at...

A large percentage of pre-seed and seed investments are made with YC SAFE notes, in those cases the YC pro rata side letter is the accepted baseline, which provides a right to purchase shares in the following equity (conversion) round at the ratio of the SAFE investment to company capitalization. The YC templates are at https://www.ycombinator.com/documents For priced rounds (stock purchase) in the US, NVCA model documents are an accepted baseline https://nvca.org/model-legal-documents/ Regardless of investment vehicle, it is important for VCs to be fair in negotiation and especially not place demands on founders or create terms that could prove toxic to future fundraising efforts.

This is highly depended on the fund model and strategy. There is very big difference between pre-seed and seed. All factors considered here are some very high level guidelines: Pre-Seed:  ~50 companies Seed:         ~25 companies

This is highly depended on the fund model and strategy. There is very big difference between pre-seed and seed. All factors considered here are some very high level guidelines: Pre-Seed:  ~50 companies Seed:         ~25 companies

There are two types of anti-dilution protections for investors: full-ratchet and weighted average. They sometimes get used in priced rounds and are not typically found in Convertible Notes or SAFEs. These type of protections are not foun...

There are two types of anti-dilution protections for investors: full-ratchet and weighted average. They sometimes get used in priced rounds and are not typically found in Convertible Notes or SAFEs. These type of protections are not founder friendly. 

Sometimes, startups issue warrant coverage to sweeten the deal by providing investors with the opportunity to gain additional shares in the future at a lower price. Please note that most of the things you will 'hear' in the world of ven...

Sometimes, startups issue warrant coverage to sweeten the deal by providing investors with the opportunity to gain additional shares in the future at a lower price. Please note that most of the things you will 'hear' in the world of venture capital outside of Decile Base are wrong because there is little transparency in the industry.

There are a variety of factors that contribute to the investment timeline. For example, if you are the lead investor who is setting the terms, you will do significantly more due-diligence and try to help the company circle some more new ...

There are a variety of factors that contribute to the investment timeline. For example, if you are the lead investor who is setting the terms, you will do significantly more due-diligence and try to help the company circle some more new investors. On the other hand, if you are participating in a party round with no lead which is pretty common at the pre-seed stage, you may try to accomodate the rough timeline set by the founders and other investors. A typical process takes ~1 month. However during cyclical economic slowdowns or the holidays, it's not uncommon for this timeline to be extended to to 2 months or more.

It's possible for you to transfer your founder shares into the fund, however there are a number of issues with this approach. The shares are typically transferred at cost, and founders usually buy their shares at the onset of the company...

It's possible for you to transfer your founder shares into the fund, however there are a number of issues with this approach. The shares are typically transferred at cost, and founders usually buy their shares at the onset of the company at nominal price. The shares are typically common stock instead of preferred which means that they are lower in the preference stock. Finally, the company many not want to replace a founder with a fund on their cap-table because it may introduce diligence risk in future financings. 

"Rockstar" companies at the angel or pre seed stage are identified by their ability to quickly raise a subsequent round of funding. Since companies at this stage may not have any business or product traction, the ability to raise subsequ...

"Rockstar" companies at the angel or pre seed stage are identified by their ability to quickly raise a subsequent round of funding. Since companies at this stage may not have any business or product traction, the ability to raise subsequent rounds can be evaluated by (1) the pedigree of the Founder or founding team, (2) the quality of the accelerator or program that the startup has been through, (3) the popularity of the market that the startup is addressing, (4) the demand by other investors to participate in the current round, and (5) pre selling the next round to later stage investors and having initial signs of interest.

As a venture capitalist, you should not use any lockups or other exclusivity agreements with potential investments. These are one-sided arrangements that only favor the venture capitalist and can be harmful to the potential portfolio com...

As a venture capitalist, you should not use any lockups or other exclusivity agreements with potential investments. These are one-sided arrangements that only favor the venture capitalist and can be harmful to the potential portfolio company. Top accelerators, such as YC, have warned portfolio companies against entering into these arrangements as a result, and this can be harmful to your reputation as a VC is you using such agreements. The best alternate is to build a strong relationship with the portfolio CEO, encouraging them to save you position in the round based on the strength of your relationship and the assistance that you have provided.

You can use a standard template like the SAFE. We recommend that you do not modify template. 

You can use a standard template like the SAFE. We recommend that you do not modify template. 

We recommend that you do not attempt to draft a term sheet without a lawyer. However, you can use standard templates like the SAFE as long as you don't modify them. 

We recommend that you do not attempt to draft a term sheet without a lawyer. However, you can use standard templates like the SAFE as long as you don't modify them. 

The startup typically will retain their lawyer to manage this transaction because they want to control their cap-table. However, since it's a fairly common practice, the law firm can be pretty efficient here.  With respect to the fund, ...

The startup typically will retain their lawyer to manage this transaction because they want to control their cap-table. However, since it's a fairly common practice, the law firm can be pretty efficient here.  With respect to the fund, it really depends on what fund administrator and the law firm the firm retains. Warehouse transfers are included in the Decile Launch offering. However, it's not uncommon for other law-firms and administrators to charge for this service. 

Generally speaking, transferring a warehoused investment from an entity/company is fine so long as it is wholly owned by the investor.  Warehoused investments intended to be transferred to a fund should be invested into directly by the ...

Generally speaking, transferring a warehoused investment from an entity/company is fine so long as it is wholly owned by the investor.  Warehoused investments intended to be transferred to a fund should be invested into directly by the fund manager. If there are other angel investors investing into the same company/opportunity, they can invest via an SPV if they choose.

As a general rule of thumb, the minimum transfer of a previous angel investment into a VC fund should be a $25K position at cost. Transfers should resemble, as much as possible, what an actual investment looks like in terms of stage of e...

As a general rule of thumb, the minimum transfer of a previous angel investment into a VC fund should be a $25K position at cost. Transfers should resemble, as much as possible, what an actual investment looks like in terms of stage of entry, sector and amount. A transfer should never be less than 10% of the target investment amount of the final fund, so, if a fund is planning to invest $1 MM, then the minimum transfer should be $100K. 

If the agreement is between you and the company, then so will the warehouse transaction. 

If the agreement is between you and the company, then so will the warehouse transaction. 

I created the original SAFE Note. It was designed to replace convertible debt, which was being used for all early stage financings from 2002 to 2007. The original purpose and purpose still today is to be a fast and easy financing vehicle...

I created the original SAFE Note. It was designed to replace convertible debt, which was being used for all early stage financings from 2002 to 2007. The original purpose and purpose still today is to be a fast and easy financing vehicle for early stage companies without creating a preferred class of equity, which can cost tens of thousands of dollars.

There are two types of Deal Warehouse companies for a fund: a Pipeline deal and a portfolio Investment. For the Pipeline deals, the manager creates a strong relationship with the CEO of a target company and works to align the closing da...

There are two types of Deal Warehouse companies for a fund: a Pipeline deal and a portfolio Investment. For the Pipeline deals, the manager creates a strong relationship with the CEO of a target company and works to align the closing date of the fund with the closing date of the round. It often takes longer to close the fund, so the manager asks the CEO to hold a position in the round after the round closes, which is ideal as it is closer in time to the next markup. These deals are shared with LPs by describing the business without sharing the company name.  For portfolio Investments, a manager personally makes an investment into the company and then transfers the investment at cost into the fund after closing. Ideally, the investment will be marked up before the transfer, and the manager gives the benefit of the markup to the incoming LPs. These investments are shared with LPs by providing the full details to get LPs excited by the opportunity to invest in the fund. 

A preferred stock that may be converted into common stock or another class of preferred stock, either voluntarily or mandatory at an agreed conversion ratio.  Other provisions may include dividends, liquidation preferences, voting or man...

A preferred stock that may be converted into common stock or another class of preferred stock, either voluntarily or mandatory at an agreed conversion ratio.  Other provisions may include dividends, liquidation preferences, voting or management rights, and anti-dilution. Recommended general references are "Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist" and "The Business of Venture Capital: The Art of Raising a Fund, Structuring Investments, Portfolio Management, and Exits"

An investment vehicle - a loan (at some nominal interest rate, but required) that converts into stock in the company when the company does the next Priced Round. This is done to: 1) avoid the legal overhead of a Priced Round and 2) avoid...

An investment vehicle - a loan (at some nominal interest rate, but required) that converts into stock in the company when the company does the next Priced Round. This is done to: 1) avoid the legal overhead of a Priced Round and 2) avoid the possibly challenging negotiation over the actual valuation of the company - kicking the valuation can down the road. There may a valuation cap or discount to compensate and incentivize these earlier investors for the additional risk.

The SAFE Note is a  Simple Agreement for Future Equity - a legal document template facilitating streamlined investments in early-stage companies, reducing the need for legal process and expense. Current templates are maintained by YCombi...

The SAFE Note is a  Simple Agreement for Future Equity - a legal document template facilitating streamlined investments in early-stage companies, reducing the need for legal process and expense. Current templates are maintained by YCombinator and available at https://www.ycombinator.com/documents The SAFE was originally created by Adeo Ressi to streamline early-stage investing with a standardized document, replacing bespoke convertible notes or priced rounds. It was popularized by YCombinator.

In startup investing, an SPV is a legal entity (usually an LLC) used to roll up smaller investments from multiple investors into a single investment, to provide access to a deal with a larger minimum investment. The person or entity mana...

In startup investing, an SPV is a legal entity (usually an LLC) used to roll up smaller investments from multiple investors into a single investment, to provide access to a deal with a larger minimum investment. The person or entity managing the SPV may charge fees or carry.

A company or investment fund that acquires and consolidates multiple smaller companies in a particular industry or sector. The goal of a roll-up vehicle is to create a larger and more diversified company with economies of scale, which ca...

A company or investment fund that acquires and consolidates multiple smaller companies in a particular industry or sector. The goal of a roll-up vehicle is to create a larger and more diversified company with economies of scale, which can then be sold or taken public.

"Pari passu" translates to "equal footing" or "on an equal basis."  In the investment context, it refers to situations where all investors have equal rights and privileges with respect to the assets and earnings of the company.

"Pari passu" translates to "equal footing" or "on an equal basis."  In the investment context, it refers to situations where all investors have equal rights and privileges with respect to the assets and earnings of the company.

Pro-rata rights give an investor in a company the right to participate in a subsequent round of funding to maintain their level of percentage ownership in the company.

Pro-rata rights give an investor in a company the right to participate in a subsequent round of funding to maintain their level of percentage ownership in the company.

Financial projections of a company's future performance. These projections are typically used to model different scenarios and assumptions, to estimate the future revenue, expenses, and profitability of a company and evaluate the potenti...

Financial projections of a company's future performance. These projections are typically used to model different scenarios and assumptions, to estimate the future revenue, expenses, and profitability of a company and evaluate the potential investment opportunity.

A priced round refers to a type of funding round where a startup company raises capital from external investors by selling ownership stakes (equity) in the company at a predetermined valuation. A priced round is commonly used in later st...

A priced round refers to a type of funding round where a startup company raises capital from external investors by selling ownership stakes (equity) in the company at a predetermined valuation. A priced round is commonly used in later stages of a company's growth when there is more data and information available to assess its value.

The investor who sets deal terms (which may include legal aspects) performs due diligence, organizes other investors. Best practice is for a lead to create a deal memo summarizing the key investment aspects of the opportunity. The lead u...

The investor who sets deal terms (which may include legal aspects) performs due diligence, organizes other investors. Best practice is for a lead to create a deal memo summarizing the key investment aspects of the opportunity. The lead usually, though not always is a significant (or largest) investor in the round, though minor investors also may take lead roles.

A valuation cap is the price ceiling at which a SAFE or convertible note will convert into equity (usually preferred stock) at a future financing round. Valuation caps are commonly used to bridge the gap between an early-stage investment...

A valuation cap is the price ceiling at which a SAFE or convertible note will convert into equity (usually preferred stock) at a future financing round. Valuation caps are commonly used to bridge the gap between an early-stage investment and a future priced round, providing a way for startups to raise capital while deferring the determination of an exact valuation until more information is available.

Refers to the maturity or development of a company. For example, a company in its early stages, such as a startup, may be considered a "seed stage" company, while a company that has grown and is approaching an initial public offering may...

Refers to the maturity or development of a company. For example, a company in its early stages, such as a startup, may be considered a "seed stage" company, while a company that has grown and is approaching an initial public offering may be considered a "later stage" company.

Bringing together multiple investors for a collective investment. The investors may invest individually or part of an organized syndicate investment vehicle (an SPV or Single Purpose Vehicle) where the organizer or facilitator collects f...

Bringing together multiple investors for a collective investment. The investors may invest individually or part of an organized syndicate investment vehicle (an SPV or Single Purpose Vehicle) where the organizer or facilitator collects fees or carry.