Kicking off VC Minute Season 2 with a quick update on the market (grab the market analysis report here) and ready to roll with advice from guests as well as yours truly.
Thank you for your patience. It will be worth the wait!
About SpringTime Ventures
SpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $400k to $600k. You can learn more about us and our approach.
About Rich Maloy
Rich's mission is to rebuild the American dream through entrepreneurship. He works with early stage startups transforming the world, giving all people the opportunity to grow, learn and earn. With prior careers in finance and sales, he's now focused on startups investing through SpringTime Ventures where he is a Managing Partner. He's a father of two young children and loves sci-fi, skiing, and video games.
Rich:
This is Rich Maloy with SpringTime Ventures, bringing you the VC Minute, quick advice to help startup founders fundraise better. Thank you, everybody for your patience as it took me some time to kick off season two of the VC Minute. I'm grateful that you stuck with me and it's wonderful to be back on the mic sharing with you thoughts, insights, and analysis to help you fundraise better. I have some great excuses about what took me so long but I'll spare you the details. Let's just talk about what's coming for this season. We have more perspectives coming from different guests. We're going to have a great pitch coach, a startup lawyer, some of the best fundraisers that I know in the seed community, and of course you get my take and my analysis on the market. Let's start with where we are right now in the fundraising environment. If you've been trying to fundraise and are wondering why in the hell some companies are announcing five, seven, even$9 million seed fundraises, but you can't seem to rub two nickels together. I hear you. And unfortunately you're not alone. I was expecting the seed market to bifurcate. I have a Q3 market analysis report that I highly recommend you go and download. I'll put the link in the show notes. You can also find it on SpringTimeVentures.com. I was expecting the market to bifurcate a bit. I was calling it the HOT or NOT seed funding round. But I'll admit this is a greater divergence than even I was expecting. Where we are right now is the seed phase has lengthened, venture funds are deploying at a significantly slower pace. And it seems every fund is trying to cram into just a few hot rounds while ignoring the rest of the market. It's hard to see so many startups that are struggling to raise. How do you turn your pool party in one of the hot ones? Well, we'll get back to that in a few episodes. Where I want to start this season is with something that I needed to revisit over the past few months, and maybe you did too: founder mental health. So, thanks for sticking with me. Thank you for your patience. And i'm looking forward to hearing your feedback on season two of the VC Minute, quick advice to help startup founders fundraise better.