Deal Sheet’s Post

🚨We're hiring a Head of Growth🚨 Deal Sheet / Last Money In Media is looking for a seasoned Head of Growth Marketing to run end-to-end growth strategy & execution. This individual will have the opportunity to build out the growth function from scratch as we are currently a very lean 3 person team (new hire announcement to be made shortly) and bootstrapped. The ideal candidate will have significant experience in selling high ticket subscriptions and/or accredited investor products over the internet. The candidate must be a data-driven, ambitious, results-oriented individual who is eager to ideate and execute new marketing strategies, test new channels, conduct rapid A/B testing, and uncover new opportunities to grow Deal Sheet’s top line. More on our company… Founded in 2023, Last Money In Media is the parent company of Last Money In, #1 newsletter on venture capital SPVs with ~40,000 subscribers, and the parent company of Deal Sheet, a paid newsletter that provides accredited investors access to some of the best curated SPV startup investment opportunities at discounted carried interest. Any recommendations from my network would be amazing! Zachary Ginsburg

Today is our 20th Issue of Deal Sheet. That means Zachary Ginsburg and I have now shared 2-6 curated SPV investment opportunities a week for 20 weeks in a row. We were not entirely sure what to expect when we set out to launch Deal Sheet and curate deals for LPs every single week. A lot of deals to be responsible to share weekly, right? We had high confidence in our ability to source but also work with and support many of the other great syndicate leads in the ecosystem (that we’ve met, worked with, and co-syndicated deals with over the past 5-6 years). We’ve been fortunate to spotlight pre-seed through pre-IPO investment opportunities from over 20 different syndicate leads who all bring differentiated and unique deal flow. It’s a great feeling to have now completed this 20 weeks in a row (despite soooo much more to accomplish). I only see Deal Sheet getting better going forward and I truly believe this. I believe this is a win for Syndicate leads who can access additional capital and high-intent, quality LPs (in a tough environment). I believe it is a win for our customers who can now access more curated deal flow, and at discounted carry (10% vs. 20%) providing additional upside for LPs who are active in the ecosystem. A massive thank you to the many syndicate leads who have worked with us and our early customers! ♥️♥️♥️ Cheers to the next 100 weeks of curated deals!

May, 2024: Deal Sheet Recap May Deals = 19 Deals Shared - Issue 13 = 3 deals - Issue 14 = 5 deals - Issue 15 = 6 deals - Issue 16 = 5 deals Co-Investors in May included: Accel, Lightspeed Venture Partners, Sequoia, Founders Fund, General Catalyst, Bain Capital, Initialized, Y Combinator, Matrix Partners, Haystack, 776, Valor Equity, Fifty Years, Tribe Capital, Day One Ventures, Salesforce Ventures, M13, Canaan Partners, Hustle Fund, Soma Capital, Lattice, MaC Venture Capital, Marcy Venture Partners, Blockchain Capital, Fusion Fund, and more!   Stage of Deals: - Early (pre-Seed to Series A) = 14 - Growth = 3 - Pre-IPO = 2 Sample Syndicates featured on Deal Sheet: - Reverb Ventures - Looking Glass Capital - Stateless Ventures - Exitfund Ventures - SuperAngel.Fund - Iterative Ventures - Calm Ventures - Riverside Ventures - Climate Capital - Mavweb3 - Eun Youb Josh Lee LLC What is Deal Sheet? Deal Sheet is a paid weekly newsletter that delivers the best (and actively investable) startup investment opportunities directly to your inbox. These deals are being syndicated by many of the best and most active syndicate leads that we’ve worked with over the years. Deal Sheet provides unique deal access & discounted carry (10% carry versus standard 20%) to all Deal Sheet members. You can expect 150-250+ deals per year sent via Deal Sheet. Additionally, we offer Deal Sheet subscribers select 0% carry opportunities. Link to schedule time to learn more in comments.

📈 5, 10x+ Returns (on paper) for SPVs into Bridge Rounds 📈 Resurfacing this segment from a previous Last Money In Media post. We believe bridge rounds can present “value” and/or can be a way to invest in a business that is otherwise inaccessible as future larger priced financings may be taken completely by 1-2 large investors + pro-rata investors, leaving no room for other new VCs. Below, are a few examples of blinded companies that Zachary or I have been marked up 10x or more on: 1) Company A (industry: autonomous) – Seed Bridge Round →10x return distributed ~1 year later 2) Company B (industry: SaaS) – Series A Bridge → ~16x markup within ~2.5 years in a round most recently led by Insight Partners 3) Company C (industry: VR) – COVID bridge → raised at valuation cap at ~10x higher in ~2 years 4) Company D (industry: Fintech) – Series A ext. → ~10x val, markup in less than 2 years, unicorn priced by Goldman Sachs 5) Company E (industry: CPG) – COVID/Seed Bridge Round → ~41x val. markup in less than 3 years in a series C round (not yet announced) Also… because the dollar amount raised in bridge rounds is typically small in nature, a company is often willing to sacrifice optimizing valuation for speed to raise given the amount raised is likely a small dilution hit for the company – a 5-10% dilution hit as opposed to the 25-33% seen for many priced financings. That being said, there are many bridge rounds that bridge to company shut down, so beware. full post in comments. -- Powered by Sydecar, Last Money In Media is the most actionable venture capital newsletter. Written by Zachary Ginsburg and Alex Pattis, who have deployed >$200M across 750+ SPVs.