Highlights

• Closed one deal
• DealBot launched in Slack
• Potential new monetization strategy

Deals

• North Star Metric: Deals Published

  • We published 0 deals this week.

  Date	Deals Published to Date	Change since previous
  8/7/22	6	0
  7/31/22	6	4
  7/24/22	2

• Deal Pipeline

  • Closed one deal this week: docs signed and funds wired to founder.

  • A number of deals in pipeline last week decided to pause or delay fundraising. Some have also been non-responsive. If I didn’t hear back in a week, I changed the deal status to paused.

  • 2 deals are almost ready to publish this coming week (8/8-8/12). We may publish 2 more if we can complete launch items in time. We did not require $80k in soft commits as a requirement to publish these upcoming 4 deals. They are grandfathered under our previous strategy of prioritizing member referrals.

    

Launch: DealBot

We’ve launched a Slack bot that can collect and display non-binding soft commits. This bot directly supports our new deal sourcing strategy for all deals:

1. Collect non-binding soft commits from our members totaling >$80k
2. Approach founders for allocation.

See the How to use DealBot guide. I’ve also included a visualization of usage to date.

Membership (email list subscribers)

The membership trend is concerning. I believe our new deal strategy and DealBot launch should help us return to growth.

Revenue

No change from last week. See the OpenCollective page for more detail. I’m looking for a good solution to chart our OpenCollective contributions