EastFounder's deck functions less as a traditional investor pitch and more as an onboarding manual for a regional startup marketplace. Published around 2015, the deck outlines a platform connecting Eastern-based startups with global investors, talents, and corporations. It emphasizes the shift toward 'quantitative VCs' and data-driven investing. The presentation provides specific, albeit dated, financial ranges for fundraising stages, suggesting $25K to $500K for pre-seed/seed and $3M to $10M for Series A. While it lacks internal company metrics or a specific capital ask, it offers a clear lo…
Key takeaways
- The platform targets Eastern-based startups to help them network with investors, talent, and corporates (Slide 3).
- Fundraising benchmarks are defined as $25K-$500K for Seed, $500K-$2M for Post-Seed, and $3M-$10M for Series A (Slide 7).
- Investors are described as seeking a minimum 10x return, though they primarily look for 100x 'unicorns' (Slide 9).
- The deck explicitly states the year is 2015 and advises founders to avoid 'we want to make the world a better place' messaging (Slide 12).
- A 'fundable' startup is defined by three pillars: Business (Product/Traction), Execution (Founders/Team), and Scale (Market/Competitors) (Slide 4).
- The platform claims to have 4,744 startups and 1,023 investors raising $592M at the time of the screenshot (Slide 16).
- Founders are advised to raise for 18 months of runway in theory, but at least 12 months of cashflow need plus a buffer (Slide 7).
- The deck emphasizes 'quantitative VCs' who use data mining from sources like CrunchBase and social media to find opportunities (Slide 14).
Introduction and Marketplace Overview
Slide 1: Title Slide
The deck opens with the title "How to Fundraise on EastFounder.co." It positions the company as "The Fundraising Marketplace for the Eastern based startups ecosystem." A subtitle notes that tech investing is moving online and becoming data-driven. The slide features a background image of a man in a business setting with a quote: "We're going to Hell, so bring your sunblock." A footer adds, "Earlier you will make your startup fundable, faster you will raise."
Slide 2: The Fundraising Roadmap
This slide provides an eight-step checklist for raising funds: 1) Be Fundable, 2) Take it seriously, 3) Get your Corp. stuff ready, 3) Understand your needs (numbered twice as 3), 4) Understand the investors needs, 5) Get started, build your funding campaign, 6) Keep your startup profile alive, 7) Big Data is watching you, and 8) Experiment pain & failure. It concludes with a warning to avoid "extractor" investors who want a piece of someone else's things, versus "builders" who help create value.
Slide 3: Short Intro to EastFounder
The platform is described as a tool for Eastern-based startups to network with investors, talent, and corporates. Services for founders include fundraising guidance, free documents like term sheet templates, access to accelerators, and service providers. For investors and MNCs (Multinational Corporations), the platform provides data analytics to source suitable startups. The slide emphasizes that "fundraising is about data."
Defining Fundability and Preparation
Slide 4: Be Fundable
This slide argues that a "cool product" is insufficient for investors. It breaks fundability into three equations: Product/Business/Customers/Traction equals Business; Founders/Team equals Execution; and Market/Competitors equals Scale. It explicitly states that raising funds against equity is "not a charity campaign."
Slide 5: Take it Seriously
EastFounder warns founders not to waste time with incomplete profiles. It notes that investors see hundreds of startups monthly and will ignore profiles that lack photos, team member introductions, or fundraising history. The slide emphasizes the human element: "Everyone like to put a face on a name."
Slide 6: Corporate Readiness
This slide serves as a due diligence checklist. It lists required documents: company registration, team list with payroll, balance sheet, cash flow, short-term forecast, cap table, and previous fundraising documents. It frames these as the standard requirements for VC due diligence.
The Lean Startup Lifecycle and Financials
Slide 7: Understand Your Needs
The deck provides a roadmap for the seed process, stating it is not a "1 shot" but a progression from Pre-Seed to Seed to Post-Seed. It recommends raising for 18 months of runway in theory, and at least 12 months of cash flow in practice. Financial brackets are provided: $25K to $500K for Pre-Seed/Seed (MVP stage), $500K to $2M for Post-Seed (PMF stage), and $3M to $10M for Series A (Scale stage).
Slide 8: Position Yourself in the Lean Startup Lifecycle
Attributed to 500 Startups and Dave McClure, this slide details the characteristics of each stage. Pre-Seed involves 1-6 people and testing prototypes with 100-10,000 users. Post-Seed involves 5-12 people and improving conversion metrics. Series A involves 10-25 people, focusing on revenue and growth, and starting to think about exit options.
Investor Psychology and Strategy
Slide 9: Understand the Investor Needs (Part 1)
This slide focuses on venture math. It states investors look for a minimum 10x profit but desire 100x. It provides a calculation: a $1M investment for 20% equity requires a $50M exit to be viable. It lists four factors investors consider: Product & Timing, Execution, Market (size, competition, valuations), and Exit (who buys and when).
Slide 10: Understand the Investor Needs (Part 2)
Founders are prompted to answer the "3 Whys": Why users need the product, why choose the company over competitors, and why now. The background image features a unicorn and falling money.
Slide 11: Understand the Investor Needs (Part 3)
The deck lists five questions an investor will ask: 1) Information about the founding team, 2) Information about early adopters, 3) What is unique in the offer (the "special sauce"), 4) The plan for rapid traction, and 5) The vision for a leadership position in a $Billion market.
Platform Execution and Market Context
Slide 12: Get Started
This slide provides tactical advice for the EastFounder profile. It mentions that traction and fundraising data are restricted to qualified investors. It advises adding advisors and previous round investors to create social proof. A notable footer states: "Use a language that your Mum can understand and avoid the 'we want to make the world a better place'... we are in 2015."
Slide 13: Keep Your Startup Profile Alive
Founders are told to update their profiles regularly with new investors, clients, partners, and MRR (Monthly Recurrent Revenue). It emphasizes that "Social proof always works" and that forecasts should be based on internal traction rather than external news articles.
Slide 14: Big Data is Watching You
The deck discusses the rise of "quantitative VCs" who use data mining and pattern recognition. It mentions CrunchBase and social media as data sources. EastFounder positions itself as one of these information sources, connecting Eastern founders to global investors.
Slide 15: Experiment Pain & Failure
A motivational slide featuring a video still of an athlete. It contains the quote: "In order to achieve greatness you have to go to a lot of pain first."
Slide 16: Call to Action
The final slide shows a screenshot of the EastFounder.co beta platform. The screenshot displays metrics: 4,744 Startups, 1,023 Investors, and $592M Raising. It invites users to get their registration validated and join the beta.
What EastFounder Does Well
Clear Benchmarks: The deck provides specific dollar amounts for different funding stages (Slide 7), which helps founders set realistic expectations for the 2015 market. · Educational Value: By breaking down the "3 Whys" and the math of venture returns (Slides 9-10), the deck educates the founder on how investors think, rather than just how the platform works. · Due Diligence Transparency: Listing the exact corporate documents required (Slide 6) prepares founders for the rigors of a professional fundraise.
What is Missing from the Deck
Company Team: There is no slide introducing the founders or the team behind EastFounder itself. · Business Model: The deck does not explain how EastFounder makes money (e.g., subscription fees, success fees, or data sales). · Current Data: As the deck explicitly mentions 2015 (Slide 12), the market benchmarks and platform statistics (Slide 16) are significantly outdated. · Specific Ask: Since this is a guide for users, there is no capital ask or use of proceeds for the company itself.
Founder Takeaways
Founders should note the emphasis on social proof and data-driven profiles . The deck makes a strong case that an incomplete profile is a signal of lack of seriousness (Slide 5). Additionally, the advice to avoid platitudes like "making the world a better place" in favor of clear, simple language (Slide 12) remains relevant. The breakdown of the "3 Whys" (Slide 10) is a fundamental pitch deck component that every founder should include in their own presentation. Finally, the suggestion to raise for 18 months of runway (Slide 7) is a standard conservative approach to capital management that founders should still consider today.
Frequently asked questions
- What is the primary purpose of the EastFounder deck?
- The deck serves as an instructional guide for startups looking to use the EastFounder.co platform. It outlines how to build an attractive profile, what documents are necessary for due diligence, and the psychological expectations of venture capital investors. It is an onboarding tool rather than a deck meant to raise capital for EastFounder itself.
- What specific fundraising stages and amounts does the deck mention?
- Slide 7 and 8 detail three stages: Pre-Seed/Seed ($25K-$500K for prototype/MVP), Post-Seed ($500K-$2M for PMF and traction), and Series A ($3M-$10M for scaling). These figures represent the platform's view of the market landscape in 2015 for Eastern-based startups.
- What documentation does EastFounder require from startups?
- Slide 6 lists essential 'Corporate stuff' including company registration, team payroll lists, financial balance sheets, cash flow forecasts, cap tables, and previous fundraising documents. The deck stresses that VCs have strict due diligence checklists that must be met.
- How does the deck describe the investor mindset?
- Slide 9 explains that investors are not philanthropists and seek 10x to 100x returns. It uses a mathematical example: if an investor puts in $1M for 20%, they must believe the company can exit for at least $50M. It categorizes investors into 'builders' and 'extractors,' advising founders to avoid the latter.
- What are the '3 Whys' mentioned in the deck?
- Slide 10 instructs founders to answer three specific questions to prove their business is a venture: 1) Why do users need the product? 2) Why choose your company over a competitor? 3) Why is now the right time? This is a standard framework for establishing market need and urgency.