Kurt Rathmann, founder and CEO of ScaleFactor, discusses pitching major venture capital firms while building his company outside Silicon Valley.
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“Byron would tell you, and I think Thomas from KOTU as well as, you know, as we were going through the partner meeting process, it was, you know, they're sending a zoom link over and saying, Hey, you know, just zoom in at this time. And that'll be that. And I said, no, That's not how I'm going to do it. Would you have me in person? Because if you'd have me in person, I would gladly be there in person.”
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More from Kurt Rathmann
Insight
Rathmann: Founders Should Take Capital Whenever It Is Available
“I have generally a saying that's drink when you're fed. And so maybe more saying, you know, you take money when it's available, but it really comes into the circumstance, comes into the problem you're trying to solve.”
Kurt RathmannJan 10, 2020▶ 9:2220VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
Insight
Rathmann: The boardroom belongs to the CEO, who must take control
“It's my boardroom. It's a founder's boardroom. It's a CEO's boardroom. And so, you've got to take control, and you've got to build a team around that.”
Kurt RathmannJan 10, 2020▶ 16:3620VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
PredictionNot checkable as stated
Rathmann: US small business market will be partnership-driven, not winner-take-all
“There's twenty-nine million small businesses just here in the U.S. I think that it's a variety of key players looking to evolve, and if anything, this is going to be a strong partnership market before it would ever be a winner-take-all market.”
Kurt RathmannJan 10, 2020▶ 31:0020VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
Disclosure
Investors preempted ScaleFactor's Series B and C rounds
“Our B and C rounds were preempted.”
Kurt RathmannJan 10, 2020▶ 9:0720VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
Insight
Rathmann: High-performing startup teams must operate between 80% and 130% capacity
“A great team, I have a saying and a philosophy that the great team is always throttled at between 80 to 130%. You can't run at 130% forever because you really start to break things. You can't run at 80% forever because then you become complacent and you might …”
Kurt RathmannJan 10, 2020▶ 10:5520VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
Insight
Rathmann outlines the five core ways venture capitalists add value
“If you boil it down, I think VCs in general can do about five things for a company and varying levels and varying levels of expertise and execution. But the first would be they can write checks. The second is they can make intros to talent. The third is they c…”
Kurt RathmannJan 10, 2020▶ 12:1620VC: Raising $105m in Just 13 Months Over 3 Separate Rounds, The 5 Core Ways VCs Can Add Value & How Founders Can and Should Fully Leverage Their Cap Table with Kurt Rathmann, Founder & CEO @ ScaleFactor
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