Steph from OpenVC pfp

Steph from OpenVC

@stephnass

74 Following
47 Followers
Steph from OpenVC pfp
Steph from OpenVC
@stephnass
Thought this belonged here, too :) https://warpcast.com/stephnass/0xe437928d
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
Just posted a little tutorial on how to build the perfect investor list (including links to 50+ databases). Completely free, no signup required: https://openvc.app/blog/investor-list
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
https://warpcast.com/stephnass/0x60c826a7
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
Wanna raise a seed round from VCs? For most ppl, it's not as straightforward as you'd expect.
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
https://warpcast.com/stephnass/0x6348753a
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
New behavior I'm seeing: web3 startups "hiding" that they are web3. Here are two web3 startups on OpenVC. No mention of NFT, crypto, blockchain... Very unusual. Better chance to get your deck opened? 🤔
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
You don't need need VC money to build: - A simple e-commerce website - A simple dating app - A simple marketplace - A simple SaaS If you leverage cloud + low-code + AI, you can realistically bootstrap your MVP to $20k-$100k MRR/mGMV. No investors needed. From there, you can raise to scale OR bootstrap some more.
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
https://warpcast.com/stephnass/0xe6d69aa3
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
Who says you need VC? Chess․com Revenue: $100M+ VC: $0 Mailchimp Revenue: $700M+ VC: $0 Zoho Revenue: $1B+ VC: $0 Midjourney Revenue: $200M+ VC: $0 Butcherbox Revenue: $600M VC: $0 Dyson Revenue: $8B+ VC: $0 Who else?
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
"$500k committed"? Really? If you're raising on SAFE/notes, only money in da bank counts. 💰 If you're raising a priced round, a term sheet is a commit. But committed DOES NOT MEAN secured. Many VCs have called off an investment after giving a term sheet... 💀 And Verbal Commits? They are 💩.
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
Showing the relationship between (a) round size, (b) dilution, and (c) valuation. Still WIP. Wdyt?
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
Trying to explain how VC works to first-time founders. (WIP, oversimplified on purpose) Is it clear? helpful? correct?
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Steph from OpenVC pfp
Steph from OpenVC
@stephnass
I frequently (1/week) get anxious emails from founders asking: "Who invests in founders with no product and no track record?" My honest answer is: 1️⃣ Yourself 2️⃣ Family & Friends 3️⃣ Incubators & Accelerators 4️⃣ Grants & Prizes
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