Front Series A Deck

Two words on the process

My learnings

  • Keep building relationships, yet with a big caveat: VCs live and die on information (about your company, your market, your competitors, etc.), so they will never run out of questions to ask. Know when to stop answering.
  • Choose carefully what metrics you talk about during those meetings. VCs will take note of everything you say and try to detect trends in your business. You want to decide which trends they get to detect.
  • Raise or don’t raise. But don’t “kind of raise”: the more condensed the process, the better outcome for your company.
  • Expect the process to be stressful, even if your business is doing very well — and don’t forget the “due diligence” that immediately follows, which is ten times worse.

Our deck

Front Series A deck
  • Capital efficient: the fact that we spent less than our ARR was a very strong point, one that I hadn’t anticipated. Turns out, not all VCs want you to spend all your cash in 12 months.
  • Land and expand: on average, people spend 50% more after 12 months (net of churn), which apparently is very good in SaaS.
  • Acquisition channels: most of our traffic has been organic, which is not good because the scalability is unclear.
  • Projections: you should have a model ready and explain how you’re going to spend the money you raise — I did not have one.
  • Data: I should have added the average amount of time spent on the app per user and per day, the number of DAUs, the number of MAUs, the evolution of the DAU/MAU ratio.
  • Buyer: I did not spend enough time finding out who the typical buyer of Front is. Without this piece of information, outbound or paid acquisition cannot be successful.

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LEGO builder. Co-founder & CEO @ Front (frontapp.com)

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Mathilde Collin

Mathilde Collin

LEGO builder. Co-founder & CEO @ Front (frontapp.com)

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