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Ask: I am researching how to build a version of the Stanford 2020 fund. Read more here and here. The biggest blocker I am identifying is access to a sufficiently skilled fund lawyer who can emulate what Stanford’s legal fund was able to do. Do you know a lawyer who can help? If so, drop a comment or send me a note at mail@muhanzhang.com. Prose aside, poetry below:

On calls that I have with premium subscribers, I often joke that I have the most preposterous job ever. Great people, with healthy wallets, pay me, to meet other great people, with equally healthy wallets, and give my $0.02 on outlandish proposals to build the future. Most proposals will then return pennies on the dollar back on the initial investment, while a few of these proposals’ founders will go down as the “Great People who Built America” (e.g. Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J.P. Morgan and Henry Ford of the 21st century. …


Thanks for publishing this piece, Tian. I'm embarrassed to acknowledge as an Asian-American that the gravity of the situation hadn't registered to me until I read your piece and did more digging.

For anyone else whose just getting caught up to speed, I also watched ABC News segment on the state of things after Tian's article: https://abcnews.go.com/US/video/stop-hate-rise-violence-asian-americans-76263573

I shouted out this piece on my podcast that should be going live on Mon, so hopefully that'll raise awareness from our small-but-mighty platform. Keep up the good work!


SaaS company wants to sell an energy monitoring solution to businesses to help reduce their utility bill.

Company Logo

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/COI-Energy

Deal Abstract

SaaS company wants to sell an energy monitoring solution to businesses to help reduce their utility bill.

Financials

  1. Fundraising Target? $1070000
  2. Fundraised So Far? $453209
  3. Pre-Money Valuation? $18000000
  4. Previous Year’s Annual Revenue: $191935
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $-793777

Six Calacanis Criteria

  1. A startup that is based in SV? False, Tampa, FL
  2. Has at least 2 founders? False, One founder
  3. Has product in the market? True, Revenue generating
  4. 6 months of continuous user growth or 6 months of revenue?

B2C2B Company wants to build the next professional learning/coaching marketplace. Can it learn from Coursalytics, whom I covered in summer 2019?

Company Logo

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/VIVEKA

Deal Abstract

B2C2B Company wants to build the next professional learning/coaching marketplace. Can it learn from Coursalytics, whom I covered in summer 2019?

Financials

  1. Fundraising Target? $1080000
  2. Fundraised So Far? $53050
  3. Pre-Money Valuation? $7500000
  4. Previous Year’s Annual Revenue: $43196
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $-144973

Six Calacanis Criteria

  1. A startup that is based in SV? False, Marina del Ray, CA
  2. Has at least 2 founders? False, CEO has 85% voting power
  3. Has product in the market? True, Revenue generating
  4. 6 months of continuous user growth or…

Mobile app is helping people train their hearing. Very positive business, the question is how they can grow to become venture backable.

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/AudioCardio

Deal Abstract

Mobile app is helping people train their hearing. Very positive business, the question is how they can grow to become venture backable.

Financials

  1. Fundraising Target? $1070000
  2. Fundraised So Far? $57647
  3. Pre-Money Valuation? $9750000
  4. Previous Year’s Annual Revenue: $2288
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $-64049

Six Calacanis Criteria

  1. A startup that is based in SV? False, Santa Monica, CA
  2. Has at least 2 founders? True, Two
  3. Has product in the market? True, Revenue generating
  4. 6 months of continuous user growth or 6 months of revenue…

Husband/wife duo are teaming up to build a marketplace and business management platform for nail salonz. B2B SaaS marketplace, but can they scale fast enough to be venture backable?

Company Logo

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/Snailz

Deal Abstract

Husband/wife duo are teaming up to build a marketplace and business management platform for nail salonz. B2B SaaS marketplace, but can they scale fast enough to be venture backable?

Financials

  1. Fundraising Target? $1070000
  2. Fundraised So Far? $193931
  3. Pre-Money Valuation? $10000000
  4. Previous Year’s Annual Revenue: $69932
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $-889968

Six Calacanis Criteria

  1. A startup that is based in SV? False, New York, NY
  2. Has at least 2 founders? False, One founder
  3. Has product in the market? True, Revenue generating
  4. 6 months of…

Repeat founders are building a cloud based facial recognition/security solution. I worked for a startup in this space in 2015, so color me biased.

Company Logo

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/Cloudastructure

Deal Abstract

Repeat founders are building a cloud based facial recognition/security solution. I worked for a startup in this space in 2015, so color me biased.

Financials

  1. Fundraising Target? $28000000
  2. Fundraised So Far? $24000000
  3. Pre-Money Valuation? $30000000
  4. Previous Year’s Annual Revenue: $77000
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $-536000

Six Calacanis Criteria

  1. A startup that is based in SV? True, San Mateo, CA
  2. Has at least 2 founders? False, One founder
  3. Has product in the market? True, Revenue generating
  4. 6 months of continuous user growth or 6…

Two tech workers in Brooklyn are planning to build a newsletter/article based professional education service, starting with product managers.

Company Logo

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/Homeroom

Deal Abstract

Two tech workers in Brooklyn are planning to build a newsletter/article based professional education service, starting with product managers.

Financials

  1. Fundraising Target? $250000
  2. Fundraised So Far? $13150
  3. Pre-Money Valuation? $2000000
  4. Previous Year’s Annual Revenue: $0
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $-46965

Six Calacanis Criteria

  1. A startup that is based in SV? False, Brooklyn, NY
  2. Has at least 2 founders? False, Only seeing one founder/no team
  3. Has product in the market? False, Trying to be newsletter education for professional upskilling
  4. 6 months of continuous user…

Team is building a competitor to RAD Technologies. What’s interesting is this company is taking 50% of ad spend.

Company Logo

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/Worth-Network-Inc

Deal Abstract

Team is building a competitor to RAD Technologies. What’s interesting is this company is taking 50% of ad spend.

Financials

  1. Fundraising Target? $300000
  2. Fundraised So Far? $290458
  3. Pre-Money Valuation? $5500000
  4. Previous Year’s Annual Revenue: $4030
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $-176668

Six Calacanis Criteria

  1. A startup that is based in SV? False, Los Angeles, CA
  2. Has at least 2 founders? True, Two
  3. Has product in the market? True, Essentially an agency/job board for influencers to make content
  4. 6 months of continuous user growth or…

Former early PayPal employee and team are building title services for crypto holder institutions. Pre-product, pre-revenue.

Company Logo

Want to see the complete rich format deal memo? Read the original post at: https://muhanzhang.com/TransitNet

Deal Abstract

Former early PayPal employee and team are building title services for crypto holder institutions. Pre-product, pre-revenue.

Financials

  1. Fundraising Target? $1070000
  2. Fundraised So Far? $662220
  3. Pre-Money Valuation? $6000000
  4. Previous Year’s Annual Revenue: $0
  5. Previous Year’s Annual Net Income (+ Profitable, — Burning Cash): $0

Six Calacanis Criteria

  1. A startup that is based in SV? False, Manhattan Beach, CA
  2. Has at least 2 founders? True, Two
  3. Has product in the market? False, Only beta
  4. 6 months of continuous user growth or 6 months of revenue? False, Def no revenue
  5. Notable investors…

Muhan Zhang

First employee and former COO at Yang2020. I write about startup investing and how to build the future. Subscribe at muhanzhang.com/

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