Unconventional Seed Round Modular's Memo Strategy

What this short covers

Tim Davis, has an exciting story, which includes an acquihire by Google and the launch of his latest venture, Modular. His fundraising strategy, centered on narrative memos instead of pitch decks, has helped raise over $130M and foster deeper investor alignment.

Transcript

Um what we did different for modular actually was rather than put a deck together uh we actually wrote a series of documents. And so what we did was this time uh for our seed round we actually wrote a a three or four page sort of uh memo on what made our what made this opportunity unique, what made us as the you know unique founders to pursue it uh and why it was such a significant uh opportunity for the world. Um what was interesting about that was I think one when when investors read it their reaction was uh was very positive actually because they were like wow this is a you know very wellought out uh memo that you've put together. It was easy for us to read and consume. It wasn't sort of the traditional here's a pitch deck. Um and that you know really in many ways differentiated us a little

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