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Mike Preuss

Co-founder & CEO, Visible.vc · 1 appearance on the record.

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founderexecutive@MikePreuss ↗LinkedIn ↗visible.vc ↗

Mike Preuss co-founded Visible.vc in late 2013 to build tools that help founders manage fundraising, track KPIs, and automate reporting to venture capital investors. Prior to starting Visible, he began his tech career through the Orr Fellowship and led business development at Formspring.

12statements → 6claims → 0claims resolved → 4.08/5average certainty → 1.17/5average debate potential →

6 not checkable as stated how the 6 claims stand · each chip opens the sources

6 assertions · 2 insights · 4 disclosures · every statement was checked. The predictions and assertions are the 6 claims: statements the public record can support or contradict. 0 are resolved, and 6 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Mike argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Mike Preuss on measured tape to publish a rate. This says nothing about how they speak.

Everything Mike Preuss said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Not checkable as stated
Preuss: Visible is growing ARR at 200% year over year
“But you know, ARR is, is growing 200, you know, percent a year.”
Mike Preuss Nov 25, 2019 ▶ 3:50 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Insight
Preuss: Most founders lack time to nurture investors like sales leads
“Most CEOs and founders don't have time to properly nurture an investor like they would a sales lead.”
Mike Preuss Nov 25, 2019 ▶ 11:52 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Insight
Preuss: Investor update security relies on good email stewardship
“You know, for us, everything is, is rendered directly first and foremost in email. And that's kind of our baseline, right? So if someone if you're sending email anyways, people can forward around. So it's really up to kind of you and your investor and making s…”
Mike Preuss Nov 25, 2019 ▶ 2:28 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Assertion Not checkable as stated
Preuss: Visible's ACV is approximately $150 per month
“Yeah, they're paying on average about 150 dollars a month. So any, you know, kind of ranges, but our ACV is right about 150 dollars a month.”
Mike Preuss Nov 25, 2019 ▶ 3:02 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Assertion Not checkable as stated
Preuss: Visible has over 600 paying customer organizations
“It's right. It's above 600. So we have roughly a third of our organizations you know, paying to use visible.”
Mike Preuss Nov 25, 2019 ▶ 4:00 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Disclosure
Preuss: Visible has raised $1.1M in total outside capital
“1.1 million.”
Mike Preuss Nov 25, 2019 ▶ 5:00 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Disclosure
Preuss: Visible operates with five full-time employees
“So the team's currently five full-time folks and we're hiring for two open positions right now, but a full team of five.”
Mike Preuss Nov 25, 2019 ▶ 5:11 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Assertion Not checkable as stated
Preuss: Visible's annual churn is under 2.5%
“So churn's under two and a half percent.”
Mike Preuss Nov 25, 2019 ▶ 6:41 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Assertion Not checkable as stated
Preuss: Publishing one update yields a 95% conversion rate for Visible
“But once we have a customer sending one update out and publish it, we have like a 95% chance of landing them as a customer.”
Mike Preuss Nov 25, 2019 ▶ 7:20 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Assertion Not checkable as stated
Preuss: Lighter Capital funded Visible in 15 days from start to wire
“It was like 15 days from the start to the end. And it was cool. We did it. We did a podcast in series with them because we essentially just turned over our visible profile to the letter capital team and they had everything they needed. And we did it, you know,…”
Mike Preuss Nov 25, 2019 ▶ 15:55 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Disclosure
Preuss: Visible served as the early prototype for High Alpha
“So we were a company that was started prior to High Alpha. So I started Visible with two partners there, Christian Anderson and Mike Fitzgerald, who then joined at High Alpha. And so we were kind of like the prototype or MVP for what High Alpha is today.”
Mike Preuss Nov 25, 2019 ▶ 12:29 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates
Disclosure
Preuss: Visible spent $100 on paid marketing last month
“Our budget to give you an example was like a hundred bucks last month. So we're starting to ramp that spend up to 2000 and figuring out where, where that is, but we just don't have great data in terms of what paid is going to get us so far.”
Mike Preuss Nov 25, 2019 ▶ 13:54 1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates

Appearances (1)

EpisodeDateSpeaking time
1584 Why 600 Companies Pay Him $150/mo To Help With VC Updates Nov 25, 2019 9m
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