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Baremetrics Intros — Get intros to investors for your startup with a single click
Companies: Baremetrics Intros gets your business in front of potential investors or buyers w/ the click of a button. You control who sees what data & when.
Investors: Find startups who fit your investment thesis without days or weeks of due diligence. We connect directly to the payment processor so you get the data you need right from the source.
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@bryce @robwalling @tylertringas @rrhoover Thanks Ryan! "Non-traditional VC" is actually one of the options we let startups pick as something they'd be willing to have intros from, so definitely something we're wanting to help facilitate.
Since the early days of Baremetrics, I've regularly been asked from companies, investors and buyers for intros to one another.
Investors are always looking for new companies to invest in and many startups are in some stage of either looking for investment or would, at the very least, be open to having a conversation from the right investors.
Baremetrics Intros plays matchmaker for both sides of that equation.
Startups opt-in to make an anonymized, limited profile of their company available to a curated and manually approved list of investors.
Investors can then filter that anonymized list based on the type of investment the startup is interested in along with their industry, MRR, growth rate, customer count and ARPU to find companies that meet their investment thesis.
From there, Investors request an intro, which the startup gets to manually approve or reject. If the startup approves the intro, then the investor gets access to the startup's profile with additional metrics and company information.
Then it's up to the investor and the startup to keep the conversation going.
Intros is completely free for startups: https://baremetrics.com/intros
If you're an investor or buyer, learn more: https://baremetrics.com/intros-i...
Wow, I love this.
When I listed conferencebadge.com on IndieHackers I got a serious $1.4 million acquisition offer.
When I did a podcast on IndieHackers about missiveapp.com, I got calls from top VC firms.
My point, making your revenue data public creates opportunities. Especially when you're unknown in the startup ecosystem. This semi-private approach looks promising.
This will let investors & buyers track trends, and narrow the number of businesses they need to contact. It will make the first few steps of due diligence a breeze and improve the process of getting an offer/term sheet.
You could offer a HOT list for investors/buyers, the more intros a startup gets, the higher it gets on the list.
@plehoux Great insight, Philippe! And you're spot on. We're just scratching the surface here.
Well done @shpigford
Love how this idea is implemented. Well thought-out and designed. Not an easy task with this concept.
Looks really good @shpigford, congrats to you and the team for shipping!
A couple of questions:
- are investors charged for access? If not right now, is that something you'd consider in the future?
- is the only cost to startups, the regular baremetrics subscription?
One a separate note.
As an Enterprise B2B SaaS, we mostly invoice our clients the old way with PDF invoices and we get paid via bank transfers.
Do you think this will ever be a segment served?
As we don't use a payment processor we don't seem to be a target market. Which is a pity because baremetrics and Intros sound great.
@alanmeaney Hey Alan! Thanks for the kind words. To your questions...
1. Investors are charged for access.
2. 100% free for startups. This is separate from a Baremetrics subscription (though they can add that if they'd like). But any startup can signup for an Intros account and never pay a dime.
3. For Enterprise B2B, or anyone with data outside a supported payment processor, you can use our API! https://developers.baremetrics.com
@shpigford excellent, thanks for the responses Josh.
I'm guessing this is price on application for investors, in which case no need to share. If it's out there somewhere but I missed it, I'd be curious to know?
This is very cool. It caters very well to both the startup and the investor. Since we’ve just started contacting investors about a seed round at unbankd.co, I just signed us up!
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