Photo by Anders Jildén on Unsplash

A Better Fundraising Future

Bryan Birsic
April 14, 2020

So many seed funds. Too few warm intros. Scarce stage, sector, and style data on investors. “Raising 1.5 on 6 in a party round.” “Double opt in intros need a personalized forwardable with a tight 2-3 page overview attached.” “That CEO could use a Sheryl.” Incredible wisdom buried in hard-to-find blogs and tweets, and dispensed IRL at hard to gain acceptance to programs and tightly knit startup communities. Participating preferred. SAFE or convertible. Exploding offer.

Can a founding team focus entirely on their problem space? Can they live and breathe only their solution and its users? And pull the future forward so dramatically that attracting capital from those who invest professionally into early stage startups is targeted, efficient, and painless?

Not often. Not today. Today we have a process that consumes a large portion of founder time and attention, at a low but consistent burn when not actively fundraising and as an emotional-rollercoaster full time job when you are.

And too often founders who are great at solving big problems but poor at the fundraising process have access to capital that reflects their fundraising skill instead of the value they create. It is critical that those dollars find their way to the founders most likely to pull the future forward and build our next industries, not those navigating the fundraising process best.

Innovation is too important. The world’s challenges too large.

The $50 billion or so that VCs raise annually from pension funds, endowments, fund of funds, and the like - to then invest into startups - has historically had a wildly outsized impact on jobs, productivity growth, R&D, public company formation, and our daily delights. It is a pittance in the capital markets, yet impacts all of our worlds so dramatically.

The startup market - the most important to the U.S. economic future - can and should be two, three, four times larger than it is today, if only all founders were armed with the tools to make fundraising more efficient, more comprehensive, and ultimately more likely to succeed. In short, if every founder raised like a pro.

Today we announce the launch of FundBoard. Our mission is to ensure, with software, that all founders have the best possible chance to succeed in fundraising. Our first focus is on founders making the leap from raising capital from angel investors to raising a larger round led by a professional VC, perhaps for the founder’s first time.

If this strikes a chord, we’re looking for a different kind of cofounder. Particularly one who adds a new perspective to our team. We’re all remote, we provide pay with benefits from the start, and we are generous with equity. More here.


To a better fundraising future,

Bryan

CEO & Cofounder





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