Raising a Seed Round from Lerer Ventures

23
Raising Seed Capital Steve Schlafman @schlaf
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    21-Oct-2014
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Tips and tricks on how to raise a seed round from Lerer Ventures' Steve Schlafman.

Transcript of Raising a Seed Round from Lerer Ventures

Page 1: Raising a Seed Round from Lerer Ventures

Raising Seed Capital

Steve Schlafman@schlaf

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@schlaf

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• Est. January 2010• Based in Soho• Active seed fund• 125+ companies• Internet-enabled services,

apps and devices• Consumer + B2B• Value-add advisors• Entrepreneur friendly

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B2b Consumer

Investment Focus

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Types of FundingDebt / Credit Cards Family & Friends Venture Capital

Crowdfunding Customers Grants

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Choosing The Right Investor(s)Location Expertise / Focus Partners

Brand Relationships Strategy

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Accelerators

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Incubators

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Chis DixonHunch / Ebay

Rick WebbBarbarian

Group

Kal VepuriTrisiras Group

Ben SunLaunchTime

Mike LazerowBuddy Media

David LernerColumbia

David RoseNY Angels

Esther DysonAngel

Notable Angels in NYC

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Gary VanyerchukVanyermedia

Joanne WilsonThe Gotham Gal

Jeff Pulver140 Conference

Josh StylmanReprise Media

Peter HershbergReprise Media

David TischTechStars

Jerry NeumannRoot Markets

Fabrice GrindaOLX

Notable Angels in NYC

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NYC Seed Funds

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NYC VC Funds

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NYC Strategic VCs

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How to Connect w/ VCsEvents + Classes AngelList Twitter + Blogs

Your Network Accelerators Founders

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Our Investment ProcessWarm Intro Review Product +

PlanFirst Meeting

Negotiate / Close Partner Meeting Diligence

1 2

3

45

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What We Look ForKick Ass Team Compelling Story Big Markets

Differentiated Product Traction + Data Distribution

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Things We ValueAction Not Analysis Strong Culture Customer

Obsession

Data Driven Hustle / Hacking Great Design

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How To PrepareSpeak w/ Founders Polish + Refine Deck Nail Product Demo

Know Thy Customer Define Brand Questions

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Advice from FoundersKnow Thy Gatekeeper Don’t Have All Answers Show Traction

Market Expertise Understand CAC / LTV Land Anchor

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The Pitch Deck (1 of 2)Title Problem Vision / Mission

Market Customer Acq. Product / Solution

Confidential – Do Not Distribute

Sample

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The Pitch Deck (2 of 2)Revenue Roadmap Traction + Milestones

Projections / Metrics

FundingTeam / Advisors

Confidential – Do Not Distribute

Sample

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After The PitchGet Feedback Follow Up Review Notes

Tweak Product Debrief w/ Advisors Stay Positive

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Not Easy, But Rewarding