Edition 32: Structuring finance at the early stage; State of fundraising in 2024; Runway calculator;
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READS
The Entrepreneurs Report (Wilson Sonsini)
Term Sheet Overview:
Economics of the Deal: the economics rights of shareholders;
Control: who is involved in key decisions and to what extent;
Other terms for consideration: such as deel fees and period of exclusivity.
FINANCES FOR EARLY STAGE FOUNDERS 💸
If you missed our webinar with FuelFinance last week, here is the full recording.
We covered:
👉 Mistakes Founders Make with Finances: Learn from the best to avoid the worst.
​👉 How to Build a Financial Model: Get the blueprint for success.
​👉 Understanding Unit Economics: Decode the metrics that matter.
​👉 And Much More: Dive deep into actionable insights and expert advice.
Watch the recording here.
Templates
ATTEND
🇬🇧 5 June
Networking and Open-Mic Pitching (London)
​Welcome to the June 2024 edition of The London Startup Scene – not your average snooze-fest. Being the first with the open-mic concept in London, we are definitely the best (say hi to copycats 😎)! We usually pack in over 200 cool individuals: 60% founders, 15% investors, and the remaining 25%? The movers and shakers of the startup jungle.
🇺🇸 20 June
Female Founders in AI Panel (New York)
You’ll hear from visionary female entrepreneurs like Sheila Lirio Marcelo (Ohai.ai, Care.com), Emilie Poteat (Advocate), and Kat Garcia (Ground) who are set to illuminate the future of artificial intelligence. Hosted by the Female Founders Fund and Lerer Hippeau, this event is a must-attend for NYC-based investors and founders looking to dive into the groundbreaking world of AI innovation.
💻 28 June
Right Product, Right Market and Right Message
What do you sell, to who and when?
That sounds like an easy question and yet you can put off your launch if you don't feel that you have these figured out - and that increases the risk of someone else launching before you and getting first advantage.
What is the MVP? – how much is needed in place to start generating revenue?
Customer Demographic Targeting – Who are you selling to and why are they buying?
Timing – what determines the right time to bring your product to the marketplace?
LEARN
👀 We are listening to This Week in SaaS: PluralSight S*** the Bed, Salesforce and Mongo Hit Hard, The Next IPO Candidates and How Do We Solve the Problem of Liquidity in Venture Capital by 20VC
Jason Lemkin is one of the OG SaaS investors with all of his first five investments turning into unicorns with Pipedrive, Algolia, Talkdesk, Salesloft and RevenueCat all in his portfolio. SaaStr is the largest global community in SaaS and he has taught a generation the fundamentals of SaaS on saastr.com.
FUTURE OF BUSINESSES FUNDING ROUNDS 🎉
There are 1,500 plus AI startups headquartered in London - more than anywhere else in Europe. UK AI startups raised over $3bn in 2023, according to a report published by Tech Nation last week - more than double the amount raised by startups and scaleups in France and Germany.
There is plenty to celebrate in the UK capital. The value of London’s tech ecosystem has grown from $70bn in 2014 to $621.5bn in 2023, according to Startup Genome; the city has 103 unicorns, and VCs invested $12bn in the ecosystem last year (Sifted).
We curate a list below of Pre-seed and Seed funding rounds in Europe and the US that caught our eye 👀
Bem raises $3.7M led by Uncork Capital
Data / AI / Machine Learning • Seed • San Francisco, CAHoop raises $5M led by Index VenturesÂ
Collaboration / Productivity • Seed • New York, NYCartwheel raises $5.6M led by Accel
Data / AI / Machine Learning • Seed • New York, NYSlip, a platform which digitises receipts to help retailers better understand customer data, raised £2.5m. Adjuvo led the round and was joined by investors including Haatch Ventures, Unbundled VC and the Side by Side Partnership
AI • Seed • London, UKImagino raises $27.2M led by Cathay Innovation
Sales / Marketing • Series A • London, UK
Please note that any charts, data, or projections discussed are subject to change without notice, may differ from opinions expressed by others, and are for informational purposes only. They should not be relied upon when making any investment decision. The content speaks only as of the date indicated; Pretiosum Ventures has not independently verified third-party links or sources, nor makes representations about the enduring accuracy of such information.