Steph from OpenVC (@stephnass) 's Twitter Profile
Steph from OpenVC

@stephnass

Co-founder at OpenVC.app. Building the front door into venture capital. I tweet incredible tools and terrible insights for VCs and founders. 🫡

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linkhttps://openvc.app calendar_today13-04-2012 09:57:55

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One of my main reasons for launching OpenVC is that I just love working with founders. They are crazy. They are excessive. They are great.

Steph from OpenVC (@stephnass) 's Twitter Profile Photo

Having a well-rounded team and a rock-solid business plan is necessary, but it’s not sufficient. VCs want to be given one clear reason to believe in you. An unfair advantage. An alpha. An edge. What is yours?

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It is generally admitted that the founders should collectively own 50%+ of the cap table after Series A in order to be sufficiently incentivized. This means owning at least 70% after seed. If you own less than that, some VCs may see this as a red flag and pass.

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Every great market has competition. Whether it’s direct competitors, alternative solutions, or the entrenched status quo, someone is always trying to solve the same problem in a different way. You need to be able to show investors that you understand the terrain and have a

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When approaching venture capitalists, it’s important to understand the basic vehicles for raising capital: Priced Rounds are typically used in later stages (seed and beyond) and involve complex and expensive transactions. These rounds directly impute a valuation. Convertible

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A hot intro is when someone who invests in your startup introduces you to other potential investors. Unlike warm intros, hot introductions scale because they are viral by design. Get a check from an investor, ask 3 intros to that investor, get at least 1 check from these 3

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When we moved to SF, my wife couldn’t work due to visa restrictions. So I introduced her to Day of Defeat to pass the time. 8 years later, she’s still steamrolling the competition. Proud! 🥹

When we moved to SF, my wife couldn’t work due to visa restrictions.

So I introduced her to Day of Defeat to pass the time.

8 years later, she’s still steamrolling the competition.

Proud! 🥹
Steph from OpenVC (@stephnass) 's Twitter Profile Photo

If you're serious about your startup, get a custom business email address to communicate with investors (but also clients, partners, etc). It costs $6/mo with Google Workspace, and you're set. The only exception is founders using their MIT or Stanford email address to signal

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Founders are forced to raise money, but it’s often not what they do best. Fundraising is not just about securing money; it's a learning process. Listen to feedback but avoid "mentor whiplash"—changing direction every time you hear a new opinion. Stay true to your vision

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Who wants to take over my X account? 🕹️ I run OpenVC — a SaaS company in the founder/investor space. Looking for someone who can: → Ghostwrite founder-style content → Grow + engage the right audience → Hack virality with smart takes, data & memes → Operate async, remote,

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Understand that VC is an extreme outlier business where a small number of investments drive most of the industry profits. Cambridge Associates data shows that out of more than 4,000 yearly investment rounds across over a decade, the top 100 have generated well over 70 percent

Steph from OpenVC (@stephnass) 's Twitter Profile Photo

Early-stage investment is not a rational process. Sure, investors look at market size, competition, etc. But there's definitely a subjective element to it. Do they "get" the founder? Do they "vibe" well? Very much like dating, investing starts in the heart, then moves to the