Highlights

• 2 deals published
• Total focus on solving deal sourcing

Lowlights

• None

Metrics

Solving sourcing

I have mostly automated the deal publication process. Sourcing is now the limiting factor. I want to publish 3 deals a day. This would be a major jump from our current pace of 2-3 deals a week. Since founders are now completing the first draft of the memo

How can we solve for sourcing?

• Direct outreach to founders who are likely using a supported AutoSAFE platform.
  • I searched Twitter for every instance of a founder indicating they use AngelList Stack for incorporation and/or cap table management. I then DMed all those founders. One meeting scheduled so far as of publishing this update
• Referrals from autoSAFE platforms
  • This would be the ideal source of referrals and a win-win-win for the Alliance, platforms, and founders.
  • I am drafting a partnership proposal memo that I will share with my contacts at autoSAFE platforms
• Referrals from Alliance members
  • Alliance members can now direct all founders in their networks who are raising SAFEs to www.ruvalliance.com.
• Referrals from Regulation CrowdFunding platforms
  • Companies raising CF rounds often have parallel Reg D offerings. I am in discussion with a contact at a Reg CF platform to begin exploring how we could partner.
• Referrals from service providers
  • I plan to reach out to attorneys, neo-banks, accounting/bookkeeping firms, etc. who service pre Series A companies
• Referrals from fund managers and syndicate leads
  • Closed deals
    • After a fund or SPV has closed its investment, fund managers and syndicate leads can refer a deal to the Alliance. They are incentivized to help their portfolio companies raise more capital.
  • Passed deals
    • Fund managers and syndicate leads can refer deals that they have passed on to the Alliance. There is no downside and potential goodwill upside in this scenario for fund managers and syndicate leads.
• Referrals from accelerators
  • Accelerators can refer deals to the Alliance. They are incentivized to help their portfolio companies raise capital.

Deal Policy Update

Going forward, I will require that founders use our deal memo template. This creates consistency in our deal process and makes it much easier for members to evaluate deals. It also accelerate iteration on our memo template. If founders have created their own memo, they can included it in their provided deal room that is linked to from our template memo.