Eniac Ventures’ Post

Nihal is a model for all venture capitalist out there

Huge thanks to everyone that attended our event yesterday ‘Things I wish I knew before fundraising’ and especially to our partners and hosts at Techspace and Techspace CEO Jonathan Bevan, our excellent panel, Charlie Rosier, Co-Founder & CEO of Babbu, Gary Izunwa, Co-Founder of Tangent, Tom Barltrop, Co-Founder & CEO of SuperFi and Daniel Sawko Co-Founder & CEO of shipshape.vc, and Floww moderator Vivien Alessandra Camenzind. Tom summed up the topic of the evening with some clear advice for #founders – approach #AngelInvestors and use tools like ASAs to pique interest and get commitments early. This changes the dynamic of wider investor outreach going forward. Gary advised founders to reach out to other founders that have recently raised capital as a wise first step, who can offer a valuable bridge to their networks of #investors and #VCs. Charlie highlighted the value in being prepared, ensuring that your business gains as much traction as possible before you raise so that you’re in the best position to showcase when the time is right. And Daniel pointed to the value of building solid mailing lists. Investors like to build relationships with founders over time – they are investing in the person as much as the company. As such, tracking those relationships, from starting the conversation through to commitment, is imperative to maximising your chances of finding the right time to commit. The Floww platform brings these conversations to life by streamlining the #fundraising process for founders, so you can spend more time building and less time raising. Find out more and get in touch with our team of fundraising experts at: https://lnkd.in/dESW-kzF We’ll be sharing more from the event including videos and discussion over coming weeks so watch this space.

The team at Infinilex is excited to share the successful closure of a seed round fundraise for an ed-tech client. The process was long and we had our work cut out for us as the company needed holistic overhauling in terms of their internal policies and documentation among the Founders and with the company before we could even start acting on the term sheet. The term sheet raised certain flags for the Founders' rights and so was negotiated rigorously to harmonise the needs of the Investors and protect the rights of the Founders and the interests of the company. All is well that ends well and with the fundraising procedure closed, end to end, and the investment received, our client company can focus on scaling and shaping their vision of the company into reality. Both our Founders, Khushboo Singh and Prashant Sharma were the ones to oversee, execute and handle the transaction along with our accounts and compliance team. Do you have similar experiences or questions about your company's fundraising? Drop them in the comments. #investments #startupfunding #seedfunding #transactionadvisory #contracts

If you are a Founder and want insights and tips to fundraise, check this out!

🔊 Solve Intelligence discussed by Tom Blomfield and Harry Stebbings on 20VC 🔥 Will most patent attorneys use Word + Microsoft Copilot to draft patents? Patents are complex. To be useful for patent attorneys, AI systems and products must (1) be customized for IP and (2) ensure complete confidentiality. Thanks for mentioning Solve Intelligence when discussing this topic, Tom Blomfield! Best episode this year 👇

Our #SeriesE is in! We are excited to announce that we've raised $150M in a round led by BOND - bringing out valuation to $2.5 billion. This #funding is another validation that AlphaSense's mission to help businesses make better decisions with confidence and speed is worth investing in. I've linked the press release and Jaakko (Jack) Kokko's interview with CNBC this morning in the comments - let me know if you want to talk about why our clients and investors keep investing.

"💰 The Existing Investor Exemption 💰" At Silicon Prairie we have done more exempt offerings than any other platform in the US! Intrastate (147/147A), multi-state SCOR, all three flavors of REG-D, REG-CF and REG-A 🚀 But did you know that most states have buried in their statutes what is known as "The Existing Investor Exemption" !? Here in Minnesota it's found in 80A.46 Section 202 (15) that states: "a transaction under an offer to existing security holders of the issuer, including persons that at the date of the transaction are holders of convertible securities, options, or warrants, if a commission or other remuneration, other than a standby commission, is not paid or given, directly or indirectly, for soliciting a security holder in this state. The person making the offer and effecting the transaction must provide to the administrator notice of the transaction by filing a written description of the transaction. Notice must be filed at least ten days in advance of any transaction or such shorter period as permitted by the administrator;" Go look : https://lnkd.in/eKFGwt9 What is so cool about these kinds of exemptions is that they do not place ANY limits on what investors can invest! ZERO! Like no sense of accreditation or max investment amounts! And no SEC (states rights biches lol) On June 27th we will launch our Seed Round, first to our loyal MNvest investors where we will offer them a 1:1 "exchange" of their prior Simple Agreements for Future Equity ("SAFEs") into our new Simple Agreements for Future Exchange Plus Repurchase ("SAFE+Rs") Investors will be granting us 36 months to raise our priced round, likely under REG-A+ and if we do not do what we say we are going to do? They can elect to get their money back by entering a "repo" where we get up to 36 months to make them whole. "The Silicon Prairie : Where Good Ideas Grow!™" #crowdfunding #mnvest #ExemptionsGalore #siliconprairie #thelittleduke

We are grateful and honored that Njord Ventures and Andreas Anderberg, one of our founders, are recognized by Breakit in their mapping of Sweden's 500 most important tech investors. 🙌 Read all about it here (Article in Swedish): https://lnkd.in/dvaMEs52 #njordventures #breakit #techinvestors #startupecosystem #techinvestors

Imagine this - you're onboarding a new engineer onto a codebase, and they hit every error/exception after every CLI command. They're trapped in the proverbial "config hell". Then a security vulnerability for their toolchain comes out, and they have to go through "config hell" all over again! And then when it's finally working, they realize they need more compute, load their application onto some beefy cloud hardware --- but forget to turn it off ($$$!!) Multiply this problem by the number of engineers you're onboarding/supporting and this is the nightmare scenario of wasted time and money for Enterprise CTOs/CIOs. Coder solves these problems with it's Cloud IDE -- getting engineers to their 'flow state' faster. Thrilled to enable developer productivity with the Coder team.

Investment NSW was proud to partner with Innovation Bay yesterday on Scaling and Fundraising in the US with their founder community featuring Black Ai and Foodini. Key takeaways I wanted to share: 💡Revenue is King and 2 million ARR is the sweet spot. 💡Expect 75 No's before a Yes outcome with investors. 💡US investors will say No immediately so you can keep moving on. 💡10 page slide decks optimal 💡Seek out other founders for help. 💡Seed funding is available now but with Series A expectations. 💡8 ML engineers in Australia equates to the price of 1 in Silicon Valley. Big thanks to these legends: Hayley Rynehart Cameron Webb Aneesah Osman Sarah Lee Johnny Henwood