JP Richardson
Omaha, Nebraska, United States
6K followers
500 connections
Websites
- Company Website
- https://www.exodus.com
- Portfolio
- http://github.com/jprichardson
Activity
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Excited to announce M80 has partnered with one of the leading Web3 companies and multi-chain wallet providers worldwide in Exodus on their new…
Excited to announce M80 has partnered with one of the leading Web3 companies and multi-chain wallet providers worldwide in Exodus on their new…
Liked by JP Richardson
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Crypto is entering the mainstream, but onboarding new users remains a challenge. Enter Passkeys Wallet. Exodus is building tools specifically for…
Crypto is entering the mainstream, but onboarding new users remains a challenge. Enter Passkeys Wallet. Exodus is building tools specifically for…
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Madina Shaik
This is a great resource for anyone looking to build their wealth by starting a small business. Make the most of the support and programs that are designed specifically for small businesses, such as SBA loans. I also agree with bringing in an accountant as early as possible to keep your financials sound. Let's keep the conversation going! What other challenges or opportunities have you encountered on your entrepreneurial journey? I'd love to share my advice and experiences from 27 years of managing a profitable business. #SBAloans #entrepreneurship #businessacquisition #wealthbuilding #finance
202 Comments -
Kjael Skaalerud
Can your Micro SaaS business afford to buy itself at the valuation you have in mind? Here's why this question holds a key to your valuation calculus. Most Micro SaaS buyers in the $500,000 to $2 million valuation range use SBA loans, which come with specific requirements. The SBA requires a Debt Service Coverage Ratio (DSCR) of 1.25, meaning the firm needs $1.25 of income for every $1 of expected debt payments. Does your Micro SaaS firm generate enough income to cover the loan needed to buy the business at $X valuation? As the valuation rises, so do the loan and debt payments. At some point, the valuation requires a loan that breaks the DSCR requirements based on current income. The upper limit of a Micro SaaS valuation is ultimately determined by the maximum loan a buyer can secure based on the company's income. To simplify things, check out the simple valuation calculator below in 1st comment 👇 #Acquisitionentrepreneur #microsaas
31 Comment -
KP Reddy
For a venture backed seed stage company, the expectation is 20% month over month growth, minimum. Anything less than that is considered failure and should be evaluated. If you miss a month, it’s a do over. If you don’t execute this with the capital on hand, you will not raise. Why? At this stage your numbers are small and your Series A investors are much more math oriented vs seed stage being more problem and team focused. To this end, you are better off accelerating burn rate to meet these goals than not. You can either run out of cash in 6 months or 12 months. Either way you are done.
2815 Comments -
Brian Penick
An important message for any investors reviewing startups, corporate partners considering a startup pilot, or customers considering becoming a startup’s client: PLEASE MOVE FASTER (if possible). It’s a tough market for startups at the moment, and every day you do not act results in the startup burning cash, putting them in a worse position. Not everyone has the ability to increase their operational pace, but if possible, it would be greatly appreciated. Sincerely, Every Startup Founder PS: Thanks to Peter from Carta for the perpetual data-backed wisdom. PPS: This is exactly why we launched Scorecard.vc — to help investors and startups manage the fundraising process more efficiently. Sign up for free at http://scorecard.vc
205 Comments -
Jonny Boyarsky
Remember when the AI Pin from Humane raised $240m and then flopped? Great news, another company, friend, is trying again. This time they raised $2.5m and spent $1.8m on a domain and bizarre video. But their device, who's functionality doesn't make any sense, use case isn't clear at all, and they are deserving of capital because.... ? Part of the reason VCs get made fun of is because they invest in shit like this and then turn around and say "POWER LAW POWER LAW POWER LAW". Betting on innovation of the future does not mean betting on nonsensical ideas. Either VCs are out of touch with the average person or they make stupid decisions with other people's money. Shout out Amy Wu for finding this and Connor Harbison for sending it to me. In the meantime I might try to raise $3.5m for a wallet that tells you to buy more shots at the bar because that's what friends should do. It's called fiend. I'm going to spend all of the money on the domain fiend.ai
6332 Comments -
Josh Payne
OpenSky is actively funding founders who want to build for a strategic exit in the $50-$250M range by raising a few million dollars of equity and then scaling with profitability in mind. Not every startup needs a > $1B outcome to be a "win." Here's a real example of what that looks like. Levanta is one of my favorite deals we've made at OpenSky Ventures since we started. Their founders Ian Brodie and Rob Schab think differently than 99% of founders I've met looking for funding– it reminds me of my personal investment strategy. When founders and investors are aligned on a specific vision for building a company, everything falls into place. That’s exactly what happened when we invested in Levanta. So first, what's the product? Levanta focuses on promoting your listings on Amazon by connecting creators, publishers, and influencers to promote products from brands on Amazon in a way that is very straightforward and monetizes well. And the product is exploding. We invested in Q1 2023 at a ~$3m valuation. At the time, they were pre-product. Just 18 months later, they're north of $4 million ARR! One aspect of Lavanta that resonated with us was their thesis about the type of exit they were looking for. Here’s what they came to us with: “We think we have something here that’s going to catch on quickly. We think it's going to be worth at the minimum $50m and the maximum maybe $200m - but here’s the kicker - in the next 3 to 5 years.” If you think about that timeframe, it's quick. Most VC-backed startups are looking to build on a 7-10 timeline. So many startups taking VC money are trying to become unicorns and land a $1B sale. Mostly because their fund structure makes it so they have to chase these outcomes. Levanta's “reasonable” valuation allows for a higher likelihood of acquisition and still substantial returns for them and for investors in a shorter timeframe, creating win-win situations for everyone. Raising less money means: ➝ Buyers can acquire promising tech at a fair price, not $500M ➝ Founders see significant rewards from the lucrative exit ➝ Investors see 10-15x returns in a short timeframe So what’s the takeaway here? Raising VC isn't one-size-fits-all. Align with investors early on a reasonable valuation and specific exit timeline. It avoids misalignment while still allowing founders, investors, and buyers to achieve great outcomes together. Have you seen other startups with a similarly ambitious yet practical vision for rapid growth and exit? I'd love to hear about them. Shoutout to Wilson Patton for the inspo on this post!
28564 Comments -
Damir Ibrahimagic Kopinic
🌟 Breaking News: Floating Point Ventures Secures $70M for Innovative VC Fund 🚀 🎤According to co-founder Edward Segel, Floating Point Ventures challenges the conventional VC approach by focusing on capital-intensive startups, aiming to build defensible businesses rather than merely identifying market winners through heavy ad spending. 💡"Software-like growth can be achieved in sectors requiring substantial capital, but with more efficient spending," Segel asserts. 📝Founded by Segel and John Loser, both former quant traders at Bridgewater Associates, Floating Point Ventures boasts a diverse portfolio. Investments span tech-enabled rollups in car wash and orthopedics practice sectors, along with cutting-edge solutions like flood tracking for climate insurance and timber supply chain management platforms. 💰With this fresh injection of capital, Floating Point Ventures is poised to disrupt traditional venture capital models and drive innovation across complex sectors. 💼💡 ✅ Looking to raise capital for your #fund and increase the international pool of your LP #investors? 🤝 Need warm #LP introductions? 📝 Selling #secondaries to increase liquidity? 🧐 Looking for co-investments? ▶ G QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VentureCapital #Innovation #StartupInvesting #TechStartups 🌐🚀
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Brett Brohl
21 Ways to Kill Your Company Day 9: Poor Fundraising Strategy This means two things - be realistic about the benchmarks you need to unlock your next raise and then raise enough money to hit those milestones. Be great (and realistic) with financial planning. Don't forget those extra five months you typically need to raise. #21waystokillyourcompany #fundraising #venturecapital
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Matt Turck
How to pitch: The company has zero traction —> “We’re early” You only have 2 customers —> “We’re working with design partners” You currently have no revenue but hoping some pipeline finally closes —> “we’re on track to exit this year at $3M ARR” You’re in the natural kill zone of a FAANG —> “We view them as partners rather than competitors” There’s no way the tech can actually work —>“We’re manifesting the future” And of course: One of your developers uses Co-Pilot to write some front end code —> “We’re an AI company”
1,13165 Comments -
Lynn Mack, MBA
💰🎓VALUATION CAP💰🎓 Setting a valuation cap in fundraising is crucial as it limits the maximum valuation at which a SAFE (Simple Agreement for Future Equity) converts to equity. This helps founders manage equity dilution and provides investors with a clear understanding of their potential ownership percentage, ensuring informed decision-making during fundraising rounds. Source: Peter Walker Great post! #valuationcap #investors #founders #raisingcapital #safes #fundraising #womenshealth #femhealth #medtech
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