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Steph from OpenVC

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@StephNass

I build tools that help 40k+ founders raise funds.
⚡️ Find your next investor @ OpenVC.app/search
📕 My fundraising ebook 👉 OpenVC.app/ebook Joined April 2012
1.3K Following 16K Followers 21K Posts

Latest posts 5

Steph from OpenVC Verified account @StephNass
Need $500k? A few angels may find $150k easier to fill together.

In the chart, that first $150k funds the push to 5,000 monthly users. If you get there, you have something to show the investors you ask for the next $250k. One more $100k close takes you to $500k.
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Steph from OpenVC Verified account @StephNass
When I read the screenshot, I thought they had upgraded him at no extra cost and I was like "Hey, that's nice".

Nah. They unilaterally decided to increase his bill from $125 to $800/mo.

I'm not big on regulation, but how is that even legal?
Tanner Mullen | Biz Ops Verified account @Tannermullen 1d
I own two SAAS companies serving almost 3000 businesses and i would NEVER do this. Loom (now @Atlassian) just decides to upgrade accounts because they had an acquisition and need to recoup costs. Our bill went from like $125 to $800/m. It’s the principle. These huge SAAS companies know what they are doing. Only reason I caught it was because i switched credit cards and the payment failed. “We chose to..” lol what a joke
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