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

A newsletter for founders & friends (54th edition)

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

Alex Iskold | 2048.vc @alexiskold

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. 👇🧵

🥈 Side Letters & Pro Rata Rights

Elizabeth Yin 💛 @dunkhippo33

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 >>

🥉 Writing Investor Updates

Alex Lieberman @businessbarista

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. https://t.co/U1R8LssFkB

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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

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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)

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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

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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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