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The deck we used to raise our seed funding

airbyte.io

31–40 of 127 posts

Re: The deck we used to raise our seed funding

#31
post #9

Great 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.

Can you tell us more ? How is it going, what's the future look like, anything we might be able to use ?

Good luck keep trying!

Re: The deck we used to raise our seed funding

#33
post #29

I 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!

Nice, thanks! Looks like you are working on growing mind share for the foreseeable future and layering in enterprise-specific features to close big deals. Do you foresee a sales team for this? Or do you think independent devs will self-serve their way into larger orgs?

Approaches one and two make sense to me. I'm a bit lost on approach three though.

Re: The deck we used to raise our seed funding

#34

First, congrats to the Airbyte team! Second, I would say though that often having a team from the industry with previous exits, etc. is usually a winning formula, so YMMV if your team doesn't look like that, even if you have a great deck, etc.

Sure, it does help. I think timeboxing the fundraise gives some FOMO to investors, if they know that you're meeting with a lot of other ones. There are many things to it. But the team does help for sure!

Re: The deck we used to raise our seed funding

#35
post #18
post #13

Interesting 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…

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Re: The deck we used to raise our seed funding

#36
post #29

Earlier quoted context omitted.

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!

Nice, thanks! Looks like you are working on growing mind share for the foreseeable future and layering in enterprise-specific features to close big deals. Do you foresee a sales team for this? Or do you think independent devs will self-serve their way into larger orgs? Approaches one and two make sense to me. I'm a bit lost on approach three though.

The Confluent/Kafka or DataBricks / Spark model seems to be working out well (Redhat / Linux?).

A bit more on the connectors and capabilities and some observability / governance and AirByte would be a killer application.

Re: The deck we used to raise our seed funding

#37
post #31
post #9

Great 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.

Can you tell us more ? How is it going, what's the future look like, anything we might be able to use ? Good luck keep trying!

Thanks! My reply looks a little bleak, but it was a successful seed round raise (TerminusDB). We are doing fine and the future is bright, it just took months of blood, sweat, and tears to close.

Struggle is good (sometimes)...

Re: The deck we used to raise our seed funding

#38
post #28
post #18

Earlier quoted context omitted.

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.

Interesting! thanks :)

Re: The deck we used to raise our seed funding

#39
post #27
post #9

Great 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.

It was successful - just painful. And we found really great investors in the end. Will drop you a note!

Re: The deck we used to raise our seed funding

#40
post #29

Earlier quoted context omitted.

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!

Nice, thanks! Looks like you are working on growing mind share for the foreseeable future and layering in enterprise-specific features to close big deals. Do you foresee a sales team for this? Or do you think independent devs will self-serve their way into larger orgs? Approaches one and two make sense to me. I'm a bit lost on approach three though.

So if I understand well, approach 1 is mindshare. Approach 2 is sales team, and approach 3 is bottom-up but self-serve.

So definitely approach 1. Will be focusing on the open-source edition for the next year or more. Doing that will help us being deployed in a lot of companies. And we hope this will help the sales team close the deals. So it would be a mix of 2 and 3. Makes sense?

Anyways, that's what we have in mind. And we'll learn by doing!

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