Last week I got some exciting news in the form of a LinkedIn message. The list I published with 100 companies with recent investments helped someone land a new job! 🎉
A few hours later, I received confirmation the offer had been accepted and I couldn't be happier. This is exactly why this platform exists – to connect people to opportunities they otherwise may not know about.
The "Fresh cash & hiring fast" post has been (by far) the most visited page in this blog and featured in a few newsletters, like Femstreet & Heroa. This tells me there's an appetite for discovering fast-growing companies that might become the next unicorn.
With that in mind, I am happy to introduce my new 💰 Fresh Cash Series.
The Fresh Cash Series is a weekly list of companies that received a Series A or B investment. It features pre-IPO companies of any size that were founded in the last 5 years.
The goal of this resource is to help you discover companies that have a somewhat established product or service and are looking to grow into a viable business.
And if you find your next job or need a referral, let me know!
Why only Series A and B?
90% of startups fail. For the ones that survive, there's many stages in their life and, most of them, can be connected to a meaningful investment.
👼 Pre-Seed or Seed Funding – "Seed" is in the name, as this is the earliest moment an (angel) investor can finance a startup. It happens at the very beginning of the lifecycle of a company with the goal of getting its operations up and running.
🎉 Series A – This stage typically happens when a startup has established a minimum viable product (MVP) and is looking to staff their team and optimise their operations and GTM strategies. Raising a Series A is a desirable milestone for any startup.
🚀 Series B – This series is all about gaining momentum to take the business to the next level. The funding is typically used to scale up operations, customer outreach, and grow the startup into a business with a wide reach.
🤑 Series C & above – Also called the "later-stage" investments, these stages are raised by established companies in their late stages of development that have already proven success to a degree, with revenues and profit.
I joined Airbnb a couple of months after their Series B funding round. We were scaling fast and hiring dozens of people every month to support the growing business. And in 2017, I was hire #3 at Loom just before our second seed round was raised. We have recruited 100+ people since.
Both of these experiences have provided me with amazing opportunities to learn and develop my career in meaningful ways. If your goal is to help a startup scale their business as you grow in your career, I'd consider joining a company that has just raised a Series A or B.
To note that these are my own opinions derived from my personal experience and understanding of these topics. The world is changing rapidly and what fits into these descriptions today, may not do so tomorrow.
📚 A much better (and complete) explanation of all stages of investment in a company is available in Investopedia.
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