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Pre-Seed Fundraising Mistakes, Side Letters & Pro Rata Rights, and Writing Investor Updates

Pre-Seed Fundraising Mistakes, Side Letters & Pro Rata Rights, and Writing Investor Updates

A newsletter for founders & friends (54th edition)

February 03, 2023

Hey 👋

Welcome to the 54th edition of Re:VITALIZE, a newsletter with tactics, strategies, and stories on building companies plus cool things we’re seeing in the future of work, going out to 3,300+ people each week.

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Top 3 Tweets

🥇 Pre-Seed Fundraising Mistakes

Click the tweet to read the thread

Raising pre-seed is really hard in any climate.
That's why founders should prepare / study and AVOID COSTLY MISTAKES when interacting with VCs.
Here is a thread with mistakes that are MASSIVE RED FLAGS 🚩 with VCs that founders can and should avoid.
👇🧵
— Alex Iskold | 2048.vc (@alexiskold)
3:14 PM • Jan 29, 2023

🥈 Side Letters & Pro Rata Rights

Today's tweet thread is about side letters in startup investing.
And, the dirty little secret: side letters literally don't matter (in many cases). 😲
Read on >>
— Elizabeth Yin 💛 (@dunkhippo33)
5:32 PM • Jan 26, 2023

🥉 Writing Investor Updates

Founders should write an investor update whether or not they have investors.
It forces you to think clearly.
It forces you to get high-level.
It holds you accountable to your goals.
It memorializes your journey.
It gets your ass off Twitter.
It's a no-regret activity. twitter.com/i/web/status/1…
— Alex Lieberman (@businessbarista)
2:41 AM • Jan 30, 2023

Resources

Effective ways to validate a product idea before building it
9 tips on how to build a high-potential startup
A thread on going beyond product-market fit
Building a business to stand the test of time
A guide (with do’s and don’ts) on Series A funding

Future of Work Reads

Why Is Assessing Job Satisfaction So Hard? (NYT)
Is The Future Of Work Project-Based? Probably Not (Forbes)
5 ways in which the workplace could serve young people better (WEF)
What Do You Like About Your Job? (HBR)
Here's how companies should approach hybrid working in 2023 (WEF)

The World of VITALIZE

Beatriz Acevedo, founder of VITALIZE portfolio company Suma Wealth, was featured on Silicon Valley Bank and on Poderistas’ Visionary Latina series
VITALIZE Partner Caroline Casson was featured in Boston College Newsletter Eagle Eye
WeeCare, a VITALIZE portfolio company, is featured in the LA Times
Rachel Cossar, founder of VITALIZE portfolio company Virtual Sapiens was on Bridgett McGowen’s Own the Microphone podcast
VITALIZE portfolio company Abstract has been nominated for the 2023 Products Awards
Open jobs at VITALIZE portfolio companies

Written by Justin Gordon, Director of Marketing at VITALIZE, a venture capital firm and nearly 425+ member angel investing community for everyone investing in U.S.-based B2B software founders in the work revolution. Find us on Twitter, LinkedIn, and YouTube.

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