Founder Fridays No. 40
Founder Fridays No. 40
Helping founders scale smarter.
Happy Friday!
Thanks to everybody that gave me feedback in the last 2 weeks. You all are quite and impressive crowd.
70% of you are C-level executives at startups.
67% have founded a company.
73% are at companies with less than 50 people.
56% work in the tech sector.
Another key finding was that 87% of you don’t care whether the content is organized thematically by week. So, going forward, I’ll still focus on funding exclusively in the first week of the month, but the rest of the weeks will have a mix of content relating to startup funding, growth and management.
Thanks again for your feedback. This email is only a little over a year old, so we’re still trying to experiment and learn. If you have any ideas, feel free to send them my way.
Now onto the funding data!
Pre-Seed
Median Money Raised:
$1,012,600
Median Post-Money Valuation:
$8,300,000
Seed
Median Money Raised:
$2,677,200
Median Post-Money Valuation:
$19,400,000
Series A
Median Money Raised:
$9,275,200
Median Post-Money Valuation:
$52,700,000
Series B
Median Money Raised:
$17,200,000
Median Post-Money Valuation:
$120,000,000
About Founder Fridays
Founder Fridays is a weekly briefing designed to help founders level up by learning best practices on startup funding, growth, product and management. After reading you will have industry context, think more clearly, make smarter decisions faster and spot new opportunities before anyone else. It is written by Kyle Westaway – Managing Partner of Westaway All funding data is from our partners at AngelList.
Startup Funding Guides
I’ve put together a series of guides to equip founders to excel at fundraising. These guides break down the deal term by term and give you negotiation tips so that you can speak to investors with confidence.
Should We Work Together?
This newsletter is my passion project. When I’m not writing, I run a law firm that helps startups move fast without breaking things. Most founders want a trusted legal partner, but they hate surprise legal bills. At Westaway, we take care of your startup’s legal needs for a flat, monthly fee so you can control your costs and focus on scaling your business. If you’re interested, let’s jump on a call to see if you’re a good fit for the firm. Click here to schedule a 1-on-1 call with me.