The Mint

One of the things I say most often to companies in themint.vc and around BTV.vc is “you’re overthinking it” Embrace the chaos and just go!

It’s a special day at InScope. We are officially launching our product today, making financial reporting and audits more accurate and efficient for private companies. We also raised a seed round of $4.3M to help further our mission. To learn more about InScope and how we’re looking to change an area that’s been overlooked, check out our article in TechCrunch.

Excited to announce our investment in InScope! It was a real privilege to have Mary Antony and Kelsey Gootnick, CPA join us for the first cohort of our pre-seed program, The Mint. InScope is automating the generation of GAAP-compliant financial statements, footnotes, and audit-ready documentation. Today, putting together financial statements and disclosures can take a company weeks to months to compile and is prone to errors. It is expensive, manual, slow, and painful. Still, U.S.-based public and private companies spend $30 billion every year on financial audits, just to prove that historical financials are accurate. Adding to the strife, in the last 2 years, 300,000 accountants have left the profession (1 in every 6 accountants!). With this acute talent shortage, the timing for a solution like this couldn’t be better. InScope’s technology gives accountants superpowers to help them complete their reporting tasks in minutes instead of months. Their technology compiles information from the company’s core systems, like their ERP, and publicly available information from SEC guidance. Then, their internal rules engine transforms those inputs into GAAP-compliant financials and audit documents. This team understands this problem incredibly well. Mary and Kelsey have over 30 years of domain experience, with first-hand knowledge about how painful the problem is. They scaled and led accounting and finance teams at companies like Miro, Autodesk, Dropbox, Flexport, and Yelp, guiding the organizations through over 25 audits. InScope is already working with a handful of fast-growing companies to help streamline their financial reporting needs. If you are a mid-market or enterprise company preparing for financial audits, get in touch! Great to support InScope alongside Justin Overdorff and Aaron Frank at Lightspeed, along with some awesome angels! https://lnkd.in/eYng68r6

Pretty fun to see The Mint featured in Times Square 🤩 Applications for cohort III are open!! Wanna learn more? Head over to http://themint.vc Shoutout to Brex + Lauren Messner for making this happen!!

Couldn't imagine a better group of founders (now friends) to spend the last three months with. Cheers to many more memories (and successes) to come 🥂 ✅ Better Tomorrow Ventures => Jake Gibson, Sheel Mohnot, Lauren Messner, JC Bahr-de Stefano, Sloane Gerritzen, Aadik Shekar, Uğur Kaner, Yoni Lateiner ✅ Dan Somrack & Oded Shekel ✅ Chris Buttenham, Sarah Khuwaja & Alex Sopinka => Reins ✅ Manny Bamfo, Fred Twum-Acheampong & Islam Sharabash ✅ Benjamin Liu & Joe Heilman => PostCredit ✅ Josef Pipoly & Ali Yeysides => BrikMate ✅ Dashell Laryea & Micah Berman => Ezra Financial ✅ Juan Diego Oliva Heinsen, Juan David Torres Velasco, Levit Salcedo => Capa CC Goliath Data & Max Yuan

....And that’s a wrap! Wow, what an incredible 11 weeks! We are pumped to have had the awesome opportunity to go through the Mint accelerator, run by leading fintech investors, Better Tomorrow Ventures. Thank you to the entire BTV team (Jake Gibson, Sheel Mohnot, Lauren Messner, Aadik Shekar, Nihar Bobba, Sloane Gerritzen) for their support and belief in us with special thanks to Uğur Kaner for the mentorship and to Yoni Lateiner and JC Bahr-de Stefano for the advice along the way. At PostCredit, we are building Ramp for Hollywood, helping producers and production accountants automate $200B in annual spend. If you are a production accountant or producer, and are fed up with the way you reconcile, track and manage expenses on a set, ping me! We open bank accounts and issue p-cards on the visa network, with industry specific expense management software built for production accountants! If you are an early stage fintech founder, look no further than BTV and apply to the Mint! cc: Joe Heilman, Chen-Chen Huo

���� Sometimes, it takes a bit of distance to know how a decision will land... but it didn't take more than a day or two to realize that having picked Better Tomorrow Ventures' The Mint would be the best decision we'd make for Ezra Financial - and for ourselves as founders. 💸 Coming from Google into startup founder land, I knew there was a lot I didn't know. The Mint has been rocket fuel for personal and professional growth: - their programming is the real deal, not fluff. From unicorn CEOs hosting intimate fireside chats and lunches to intensive 1:1 coaching and mentorship and, of course, free food. The access to experts we've had through this program has shaped every part of our business. And it's all optional: use what helps, skip what doesn't. - you get to work with BTV's team, the best in the business - so good that words don't do them justice. Exceptionally experienced, smart, dedicated, generous, just plain good people. They have shown up for us each and every day, early mornings and late nights, always available but never imposing, happy to drop what they're doing to whiteboard, brainstorm, or problem-solve. - you learn from your cohort. They say you learn as much in college from your classmates as your professors - and an intimate network of companies solving similar problems is powerful... and makes the journey so much more fun. 🌱 So - thinking about starting your own fintech company? There's no time like the present: do your future self a favor and apply for The Mint's next cohort, starting in August! themint.vc. Have questions? My DMs are open. THANK YOU, Sheel, Jake, Yoni, Lauren, JC, Aadik and Sloane at BTV... and thank you to our amazing cohort-mates: Silver, BrikMate, Capa, Goliath Data, Atlas, PostCredit, and Reins! Onward 🚀

Announcement 🎉: BrikMate is out of stealth and announcing their pre-seed round, led by us (Better Tomorrow Ventures)! It was a real pleasure to have Josef Pipoly and Ali Yeysides join us for the second cohort of our pre-seed program, The Mint (quick plug: the next cohort starts in August! http://themint.vc). BrikMate transforms unstructured lease data into actionable insights for SMB commercial property managers (<100 properties). Leases are the lifeblood of any successful real estate business; they contain all the data required to effectively manage the property. But current solutions are not built for this segment of the market. They are far too expensive and built for large teams. Which leaves the 270,000 SMB commercial property managers, who oversee 70% of the market (which is growing at 7% CAGR), in a really tough spot, as management of these leases with existing tools is a costly and error-prone affair — SMB commercial property managers lose $24B per year from the errors that come with managing unstructured lease data. Enter: BrikMate. BrikMate created the first-of-its-kind modern lease management solution that empowers SMB commercial property managers to centralize and standardize their unstructured lease data onto one user-centric platform. From there, users can leverage AI built specifically for commercial real estate, to harness their lease data and automate workflows. Today, what takes an expert 6 hours and hundreds of dollars, BrikMate can accomplish in 20 seconds for just a few dollars. In the last few months, they built out their MVP, generated $127k in ARR, where the customers paid upfront and in full, got great feedback and strong signals from their first few customers, and built a robust pipeline. It’s an awesome team. Josef knows this problem better than anyone else and has been in commercial real estate for over a decade. From 2012-2020, he bought 25 commercial properties and spent weeks of his time, + hundreds of thousands of dollars, sorting through the leases and updating spreadsheets with the key data he needed to effectively manage the properties. That’s why he teamed with Ali, an incredible engineer, to solve this problem. If you are a SMB commercial property manager and think there is room to improve the way you manage your leases, get in touch!

Commercial property managers are losing $24B annually from errors that come with managing unstructured lease data. - 500 hours per year are lost to manually tracking data - 50% of property managers report incorrect data in their firm due to human error - 83% say they need to adopt AI to optimize data but don’t know how BrikMate transforms unstructured lease data into actionable insights reducing time spent by 99%, reducing stress on teams, and eliminating the potential for human error. We’re coming out of stealth mode today having spent months building this solution currently being used by early adopters such as Colliers. I’m so grateful to our customers, advisors, friends, family, and investors for enabling our progress. The team at Better Tomorrow Ventures, Jake Gibson, Sheel Mohnot, Jonathan D. Krachenfels, Julie Simonó, CPM®, Boris Power, Tiffany Tai, Aadik Shekar, Uğur Kaner and many more. We’re excited to keep building. Join us!

Last week, we wrapped our 2nd cohort of The Mint, Better Tomorrow Ventures’s fintech focused pre-seed program! Curious about The Mint? Next cohort starts in August - time to apply, or tell your friends! A summary + why we decided to launch the program: The Mint is a 10-week, in-person, structured experience with curated programming & easy access to Team BTV & our network. With resources tailored to each company in the cohort, we offer a focus on whats core to company building, such as product, GTM, or hiring the best talent. Each week, we offer talks, brainstorming sessions, fireside chats, founder-led panels, office hours, and time working IRL with mentors + the BTV team. Within this structure, we encourage founders to make sure their time is spent on whatever their biz needs most that day. The second cohort featured off-the-record fireside chats with CEOs of prolific companies, including Mercury, Albert, Kin, and Lattice. It also featured office hours with seasoned operators from companies such as Affirm, Airbnb, Google, Plaid, and Square. For extra support, we paired each company with a seasoned fintech operator who served as their mentor throughout the program. These mentors helped each company set ambitious targets + met with them weekly to hold them accountable to their progress. Why did we do this? It's a lot of work...But we felt there was a gap in the market for a fintech-specific accelerator & see it as a way to help scale BTV to work with more founders. At BTV, we are creating a platform that is a magnet for fintech talent, so we want to be the first call for people who are thinking of starting fintech companies. We are builders first, and this was our way to double down on what we do best. We’re already planning and accepting applications for the next cohort, which starts in August! Send us your favorite pre-seed founders, or send them here to learn more + apply: https://www.themint.vc/