I looked at the deck. How will you make money?
The deck we used to raise our seed funding
21–30 of 127 posts
Re: The deck we used to raise our seed funding
#22If curious, past threads:
Launch HN: Airbyte (YC W20) – Open-Source ELT (Fivetran/Stitch Alternative) - https://news.ycombinator.com/item?id=25917403 - Jan 2021 (87 comments)
Airbyte: Simple and extensible open-source EL(T) - https://news.ycombinator.com/item?id=25800766 - Jan 2021 (24 comments)
Re: The deck we used to raise our seed funding
#23Earlier quoted context omitted.
How sophisticated are investors in general with niche or arcane technology segments that might not be widely understood? Do they know enough to tell if your product solves specific problems, or are they trusting your market validation? If it was an 'intense 2 weeks' what compromised the back and forth intensity? Negotiation, waiting/anxiety? Were there any big surprises during raising or do they 'like it or not'?
So within 2 weeks, we met with 45 investors (76 calls in 7 days, that's our record ;) ). Our goal was to identify the 10 VCs that understood the best our vision and industry and that could bring the most value. On those investors, you could see that 50% didn't know much about data infrastructure, or that it was a fresh topic for them. But for the 10 funds we liked best, they knew A LOT, invested in it, brought a lot…
I think that would be incredibly helpful to the community, but I wouldn't ever press an 'extremely busy person' to do such a thing. I honestly which YC had an 'after action report' section for founders just to quickly write up some materially experiential things.
Congrats on your raise, your pitch to me has basically all of the attributes - some people see it as some kind of arcane magic, but for B2B generally I don't think it is, it seems you've nailed the issues quite squarely. It's a good benchmark well done.
Re: The deck we used to raise our seed funding
#24great work
Thanks!
Re: The deck we used to raise our seed funding
#25Nice deck! And terrific market positioning; in doing my own research of trying to get all organizational data in a single place in an otherwise non-technical organization, I've done demos of Fivetran and a few of your other competitors and your analysis of their weaknesses are spot on. I'll be giving your product a try.
Re: The deck we used to raise our seed funding
#26I thought this was going to be about gardening.
Re: The deck we used to raise our seed funding
#27Great post. After just going through a 6 month, pain-filled fund raise for an open source database (big on integration), this is probably the most upsetting thing I have ever read in my life. Far away from Silicon Valley with no flashy credentials, 13 days is an impossible dream. That said, massive kudos to the team for such clear storytelling & delivery.
Sorry about that. Hope your fundraise was still successful. Don't hesitate to reach out to john [at] airbyte.io, if we can help.
Re: The deck we used to raise our seed funding
#28Interesting to see the competitive analysis with Fivetran in the article but then see almost identical copies of infographics used between their site and Fivetran's. Airbyte: https://airbyte.io/wp-content/uploads/2021/03/Airbyte-Seed-D... Fivetran: https://images.cms.fivetran.com/mgtdf72hs0mx/6qYtmEEotXqScar...
Ah ah! We liked this diagram, because it explained how the product works. Also, we already used our own infographic on the cover page ( https://airbyte.io/wp-content/uploads/2021/03/Airbyte-Seed-D... ), so we needed something different. Regarding the differences between Airbyte and Fivetran, here's an article about it: https://docs.airbyte.io/faq/differences-with/fivetran-vs-air... But essentially, open-source enable…
> we're working on a low-code/no-code framework to make it easier to build and maintain connectors
You might take a look at Bonitasoft , I got some use out of their connectors ( and WYSIWYG builder ) ten years ago.
Re: The deck we used to raise our seed funding
#29I looked at the deck. How will you make money?
We're a pretty transparent company, so we published our strategy and future business model.
You can find it here: https://docs.airbyte.io/company-handbook/business-model
Let me know if you have any questions on it!
Re: The deck we used to raise our seed funding
#30Earlier quoted context omitted.
So within 2 weeks, we met with 45 investors (76 calls in 7 days, that's our record ;) ). Our goal was to identify the 10 VCs that understood the best our vision and industry and that could bring the most value. On those investors, you could see that 50% didn't know much about data infrastructure, or that it was a fresh topic for them. But for the 10 funds we liked best, they knew A LOT, invested in it, brought a lot…
I think that would be incredibly helpful to the community, but I wouldn't ever press an 'extremely busy person' to do such a thing. I honestly which YC had an 'after action report' section for founders just to quickly write up some materially experiential things. Congrats on your raise, your pitch to me has basically all of the attributes - some people see it as some kind of arcane magic, but for B2B generally I don'…
Will try to find some time for that. Will post it on HN, if I do