Social Leverage Letter | Issue #48

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UPFRONT

Surf’s Up! Surfboard is Live… Take the Pain out of Managing Startup Boards and Investors

Social Leverage portfolio company Surfboard (Fund IV) is now live. Surfboard helps founders manage communications with their board and investors by providing an integrated system of record. Their software drives your company forward by getting the most value from your key stakeholders – all managed through a single platform.

Most startup boards are high-effort, high-stress and low utility exercises in futility. Meetings are infrequent and crammed with information. Communication with founders, the board, and investors is scattered between several tools, or lost somewhere on Google Drive or Dropbox. Surfboard’s SaaS fixes this in a single, easy-to-use dashboard. 

“As a former founder, I personally experienced the challenges of effectively managing a board from within an email inbox.  It was also difficult to pull content together, and even harder to consistently communicate updates outside of board sessions,” said Social Leverage General Partner Gary Benitt. “I was excited to partner with Chuhan as I share her vision for modernizing governance; and specifically, quality engagement with board members and other stakeholders.”

You can sign up for free here. Surfboard has built a product that’s intuitive and easy to use. And they’ve prepared a self-guided product tour for you and your investors to get started without friction.

Andy Warhol's 1969 Campbell's Soup sold on Rally in less than 10 minutes...

The 2010s were a booming decade for the tech sector, but so far, 2022 has been a year of bust that has dragged the industry back down to Earth. The sector’s pendulum swing towards contraction has been just as swift and dramatic as its meteoric ascent.

Most startups are staring death in the face within 18 to 24 months. And any mistakes will only accelerate that pace. Efficiency is now the name of the game, and burn multiple is the gold standard for managing it. For each dollar burned, you need a new dollar in subscription revenue. 

WHAT ELSE WE'RE READING

Here's a few other stories that caught our eye over the past week.

Rob Petrozzo, Co-Founder and Chief Product Officer at Rally (Fund III), joined our general partner Howard Lindzon on a special episode of Panic with Friends. The dual podcast aired on Rally’s new podcast, The Best Money I Ever Spent as well. Rob’s spent the last several years building Rally into an amazing platform that makes fractional investing safe, easy, and accessible for everyone.

Related:

DEAL FLOW

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CRYPTO CORNER

News on Crypto/web3:

JOB BOARD

Explore openings at our portfolio companies: 

Featured Jobs:

Check out all of our portfolio companies at Social Leverage.

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Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.