Rebecca Szkutak

I know we just published our Seed 100 and Seed 40 lists, but I'm already thinking about our next VCs list. Who are the top solo VCs out there right now? Comment 👇🏽 for recommendations.

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In my 10+ year career, I’ve reviewed, designed, and built 100’s (maybe 1,000’s?!) of decks From companies like AT&T all the way to pre-seed startups I have a solid understanding of what looks and sounds good 💥 For a limited time, I’m offering a free pitch deck audit 💥 Send me your deck and I’ll give you unfiltered, actionable feedback If you’re thinking - Does this flow? Do we have too many slides? Does this sound confusing? 🔽 Send me a DM to get started!

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In 5 years, all of the smartest founders will be building their own in-house influencers. Here's what I mean (and how you can get ahead): The current model includes paying creators/influencers for individual posts, referrals, or longer contracts that pay for set amount of promo over a set duration of time. I love what Ridge did with MKBHD. They brought him on as "Chief Creative Partner". Acknowledging that he has massive distribution, product expertise, and can bring a ton of great ideas to the company. I'm assuming he got a mix of cash/salary + equity in the company. This model makes a ton of sense. Both parties are incentivized in the long run (vs short term bursts of promo for cash). I believe we will see a lot more of this in the future, PLUS, more founders trying to build up their own influencers in-house. The smartest ones will realize that building their personal socials, while encouraging their employees to do the same is the way to go. It’s already happening now. But I'm seeing very few companies do it well. TLDR: Empower your employees to build their social presence. Tap into those audiences for key company announcements. Build a culture around this so that net new employees can replenish the distribution when people inevitably leave. Don't be upset when employees leave. On top of this, you should be focusing heavily on building your founder account. Ask yourself... Will having 50,000-100,000 engaged followers (within your niche) help drive long-term success for your company? Odds are, yes. So then go and build your audience. "First time founders focus on product, second time founders focus on distribution." - Justin Khan

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A bit of a tribute to founders / humbling reminder for investors at the start of '25: I've looked at thousands of early-stage fundraising decks over the past two years. In stereotypical fashion, I can typically tell within 30 seconds (2-3 seconds per slide) if I'm going to dig in, and if it's a company I'd be interested in investing in. Over the last two months I have been working on a project with a really cool company who is raising a Series A. I've been supporting on building the deck, data room, etc. So I've been fully back in the early-stage operator seat. And let me tell you. It is SO MUCH HARDER than investing. I sent the deck to some investor friends for feedback. I really value their opinion. Their feedback was stuff that I tell founders all the time about their decks. But I flat out missed it when putting this deck together. Startups are so much easier said than done. It's really hard being in the arena. Founders live there every day. Cheers to you.

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One Way Ventures, a Boston-based venture capital firm that only backs companies with at least one immigrant founder, is now raising a $60 million third fund. The planned third fund is roughly the same size of its $57.5 million predecessor, which closed in 2021. #Boston #tech #news #massachusetts #venturecapital #venturefund #startups #fundingalert #immigration #fundingnews

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Will you opt out from Meta using your post data to train its AI models? Notifications are due to go out this week, with scraping starting in October. A few more details below:

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If I was to do a monthly podcast epiosde segment called This Month in VC 1) Who should I invite as a guest for this segment? 2) Any VC's who would be down to come on and share their stories + insights on this? Basically recapping what happened in that month in VC - It would be an under 30 minute discussion - Recorded remotely using Zoom, Riverside DM me or reply to this if interested Inspired by Harry Stebbings This Week in SaaS to try out a different format

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I recently saw this metric from Carta’s 1Q24 VC Fund Report, which is very concerning. DPI... is nowhere to be found in earlier vintages that probably should start showing DPI. Funding early-stage projects is great, but ultimately, these venture dollars need to exit their investments and pay back their limited partners. That’s where the metric Distributed to Paid-In Capital (DPI) comes in. While managing a fund, we get interim measures during the life of the fund (e.g. IRR, MOIC), but ultimately, “you can’t eat IRR.” If you want to build a lasting venture capital organization, you need to start showing DPI for your fund. Keep in mind that this is traditional VC data from Carta, and is not strictly crypto venture. Crypto venture tends to get liquidity earlier (tokens) and things tend to go parabolic sooner (faster, more unicorns) - but I’d wager that the data here is somewhat similar for Crypto VCs… Not as much DPI as there should be from these earlier vintages. Read the full article, as well as a recap of all the crypto fundraising rounds for August, here: https://lnkd.in/g3eVJ-iF

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🚨 The former CFO of Dropbox, Sujay Jaswa oversees the investment and operating activities as a founding partner at WndrCo, alongside media vet Jeffrey Katzenberg. He joins us for VC Wednesdays.🚨 🖋️  You recently closed a $460 million VC fund. Where are you looking to deploy that? Everything we do is around the idea of the future of work and helping people optimize how they get work done. That’s why we're investors in companies like Airtable, Figma, Databricks, Deel, 1Password and others. That won’t change, but now, you'll see us really focus on the applications of AI that will meaningfully disrupt how work gets done, like in finance, HR and customer support. 🖋️  Why should founders work with WndrCo? One thing that we do that's different is starting one to two companies a year in areas that we think have the potential to yield big returns. So, when we talk to entrepreneurs, our operating experience stays current, and that angle on venture is fairly unique. The second is that each partner at WndrCo has built something, so we have the empathy that comes from that experience. Third, we do only five to seven deals a year, versus bigger firms that do hundreds. Because we have a smaller portfolio, entrepreneurs can get a hold of literally every partner within a couple of hours, 365 days a year. 🖋️ Which startup pitch sticks out the most in your memory over others and why? My favorite is one that’s not a household name yet, even though the business is absolutely on fire. It’s Aura, an all-in-one product to protect you and your family online. The idea is that unlike the physical world, you have no idea what your kids are doing on their phones and devices. Aura gives parents the tools to navigate raising a kid in our mobile-first and digital-first world. When the founder, Hari Ravichandran, walked me through how he would take it to market, it was love at first sight. He's an extraordinary entrepreneur and the best go-to-market person I've ever met when it comes to consumer products. 🖋️ What’s one investment you regret passing on and why? At the end of the day, this whole business is built on being part of monster companies as early as possible. One of the best enterprise companies of the last decade is Databricks. The founder and CEO, Ali Ghodsi, is a very good friend of mine, and for whatever reason, it never occurred to me in the early years to twist his arm to try and let him take our money. We invested in Databricks later than I’d have liked to. 🖋️  What’s the biggest thing you’ve learned working with Jeffrey Katzenberg? The biggest thing I've learned is that you can't be him, and it’s impossible to keep up with him. He's relentless, and I have never met someone who works harder than him. If he says he's going to do something, no matter how hard, if it's within his capabilities, he'll do it. He's a doer, and he just gets stuff done. I admire that so tremendously. #VCWednesdays #vc #venturecapital #startups #TechonLinkedIn

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Prime Coalition has long taken a different tack to climate finance compared to its for-profit brethren. It makes the usual venture-style investments in startups through Azolla Ventures and also helps philanthropists direct their money to climate-related projects that it deems high impact. Trellis Climate follows the latter model with a focus on middle stages, where capital has grown scarce. #climatetech #climateVC #climatefinance

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Changes in sustainability-speak at #climateweeknyc worth noting: 1) "Business needs to lead the way on #climate" has lost much of its usual cachet as a 'we got this' phrase. Instead, there is perhaps a recognition that the notion is nice but doesn't quite comport with the reality of policy and enterprise's relationship. 2) The "right policy enabling environment" hasn't been the footnote that it tends to be relegated to at the likes of a Climate Week – it's increasingly been discussed as the key element that the success of sustainable business and investment hinges on, like in the Sustainable Investment Forum's conversation with #sustainableinvesting heavyweights Carine Smith Ihenacho, The Very Rev Kirsten Snow Spalding, Bertrand Millot, Pedro Guazo and Peter Cashion, CFA. 3) All that said, there remains a no-go zone in acknowledging that public and government affairs are often doing hard work down the hall from their sustainability colleagues to thwart the type of #climatepolicy we need to bend the emissions curve. Audience Q&A on the topic has afforded some solid awkward silence, which maybe in future will be filled with some of those folks joining the panels? Footnote -- just blown away by how many brilliant and dedicated people work in #sustainability. #esg #sustainablefinance #corporatesustainability #climate

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Riding the Wegovy wave: Startups are looking to tap into the $150bn weight loss drug market as makers of GLP-1s see their valuations soar. The meteoric rise of a new class of weight loss drugs over the past two years — which includes Ozempic, Wegovy, Mounjaro and Zepbound — has seen a new name take the title of Europe’s most valuable company, helped a country dodge a recession and hit grocery sales in the US. The potential of the market has not been lost on founders. It’s a “huge” opportunity, says Kai Eberhardt, the cofounder and CEO of Oviva, a Swiss weight loss management platform which began offering GLP-1 drugs as part of its treatment options this year. “The newer GLP-1 class medications have created real excitement due to their impressive outcomes in weight loss, transforming the treatment options available for those living with obesity."   The drugs could become the company’s “largest” growth driver in the future, Eberhardt tells me, and he’s far from the only founder who sees a big opportunity. Over the past two years, some startups have shifted focus from being men's health brands to targeting women with weight loss treatments, too — as they look to take advantage of the growing market for the drugs. But there are barriers to growth. While founders and investors see massive potential in the new drug class — funding is yet to flood startups in the sector. In Europe, no company selling the drug or treatment pathways around it has raised more than €10m in a single round. There's also supply chain issues and finding finding the right customers to make a scalable business feasible. Investors say that if a European weight loss startup wants to hit unicorn status, it will likely have to partner with national healthcare systems — which aren't always keen to work with startups. Some have made inroads though. Oviva has provided services through the NHS since 2016 and Embla — which prescribes GLP-1 meds alongside ongoing clinical care and lifestyle advice for patients looking to lose weight — says its in “mature dialogues with several health systems”. So will startups be able to crack the weight loss market? Read the full piece here: https://lnkd.in/ewe-ZJT5 Featuring: Nicholas Syhler and Laust Wilster Axelsen — Embla, Michael Treskow — Eight Roads, Christoph Ruedig — AlbionVC and Hekla Arnardottir — Crowberry Capital

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Growth-stage DTC brands know that scaling is a financial tug-of-war — every department is pulling for its share of the (budgetary) pie 🥧 In our most recent expert guide, Matt Weiler, founder of Second Star Ventures and interim CEO of Wells Group of New York, shares five tactical tips on strategic cross-functional finance: 1️⃣ Decide between tangible growth and buzz Balance investments in short-term ROI with hard-to-quantify activities. Collaborating across teams to align on needs will help you measure intangible results and focus on net profits per initiative. 2️⃣ Assess your decision risk Evaluate each business decision by mapping out assumptions for probability and measurability. Then consider how easily it can be reversed if it fails, and * only * proceed if the cost of failure is manageable. 3️⃣ Prepare for success just as you plan for failure Whip your ops into shape before you action on strategy. That way, when growth occurs, you can deliver what you promised your customers. For example, a successful product launch can still fail if you don’t have enough stock to meet demand. 4️⃣ Pay back your CAC quickly Tracking your LTV, CAC, and payback periods helps you monitor customer growth at all times. If you can’t pay back your CAC quickly, you can’t drive near-term ROI, making it tougher to increase LTV. 5️⃣ Use Drivepoint for cross-functional strategic finance Drivepoint enables you to easily create and compare financial scenarios, build accurate forecasts in minutes, and sync sales, accounting, and marketing data across all sales channels — for a holistic understanding of your business. Want to learn more? Matt breaks it down here: https://lnkd.in/gXc-f_5x

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CLEAN TECH HEADS FOR TRILLIONS. “It is very easy here to get lost in the billions and trillions, but I think the main message you need to retain here is that clean technologies are no longer a niche market, nor just a climate story. They now constitute a sizable market and are an important industrial opportunity,” said Timur Gül, head of the Energy Technology Policy Division at International Energy Agency (IEA), on a conference call with reporters. The global clean technology market has more than tripled in the last eight years and, under current policies, is expected to nearly triple again by 2035 to surpass $2 trillion, according to a new report from the IEA. It’s hard to overstate what a big role China plays here (seen in red in the chart below): China controls an average of 70% of the clean technology manufacturing in the world, Fatih Birol, executive director of the International Energy Agency (IEA), said on the same call. To wit: China is currently building what will be its largest solar panel manufacturing facility in the Shanxi province. That one manufacturing facility would be able to meet all the European Union’s demand for solar cells, Birol said. See my full data dive on behalf of Cipher News here: https://lnkd.in/esNeDN5W

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Check out my recent post on why President Trump is the forcing function for us to solve the “Missing Middle” and catch the industrial Tsunami of onshoring coming to the US!

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Calling all #Founders: Venture Capital Association of Alberta (VCAA)’s Deal Flow Calls represent a great opportunity for #PreSeed to #SeriesA companies to gain exposure to some of the countries most active Venture Capital #investors. If your company is raising equity capital, I strongly encourage you to check out the link below!

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Summary: Climate tech startups raised a near record amount of money in the first quarter, showing the resilience of the sector despite a slowdown in the overall venture community. Investments were focused on materials and sustainable energy solutions. Key takeaways: Climate tech sector raised $8.1 billion in the first quarter, with a 400% increase in value compared to the previous quarter. Top deals included H2 Green Steel, Ascend Elements, and Natron, highlighting the increasing demand for sustainable materials and energy solutions. Investors are favoring established companies with customer traction and revenue, indicating a shift towards de-risked and profitable businesses in the climate tech sector. Counter arguments: Some may argue that the large investments seen in the first quarter are outliers and not indicative of a long-term trend. As early-stage companies mature, there may be a larger pool of startups with proven technologies and revenue, leading to more competition and potentially lower valuations. #venturecapital #startups #climatetech

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We’ve been investing for a while but I formally closed my first fund just a few weeks ago. 97212 Ventures Fund I. It’s been an incredible journey from initially thinking through the idea and strategy, building the team, and of course, raising capital for the fund. Raising a first-time fund is incredibly hard, as there’s lots of competition for investor dollars… performance and strong relationships are keys for success. As Michael Bodley at PitchBook writes, high-net-worth individuals have backed emerging managers and micro funds, which have smaller investment minimums. Many of them are family and friends, who see this as not just an exciting investment opportunity, but also a way to support their peers and help them get started. I could not be more fortunate to have an incredible lineup of LPs with me at 97212. They represent every aspect of the industry - they are successful founders, operators, general partners of other VC funds, top executives, bankers, lawyers, doctors, family, and friends. I rely on them not just to back our companies, but when it comes to vetting opportunities, driving customer access, and sharing advice on how to become an amazing investor, consistently.   It’s been a blessing, and I couldn’t be more grateful for the support of our LPs. In the end, it’s about creating a win-win for everyone. That’s how you win. https://lnkd.in/etKXANe3

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Summary: The article discusses the challenges faced by climate tech startups as they transition from the lab to commercial outfit. These companies, which work on hardware and infrastructure projects for climate solutions, struggle to raise necessary funds and often face difficulties in scaling up production. Key takeaways: The transition from early-stage startup to commercial operation is difficult, especially for hardware and infrastructure projects in the climate tech industry. The lack of financing options and specialized expertise for these types of projects creates a "commercial valley of death" that many companies struggle to overcome. Startups often fall into the trap of trying to expand their business too quickly, losing sight of their core value proposition and failing to ensure proper execution. Counter arguments: Some may argue that this "first of a kind" problem is not unique to the climate tech industry and can be seen in other industries as well. Others may argue that with the increasing focus on climate change and need for sustainable solutions, more funding and support will become available for these startups. #venturecapital #vc #startups

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