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No Half Sends đââď¸
Going Full Send in 2023. What a year.
Hello đ. It's our December edition of the Full Send Frontier, and we're diving into the world of Full Send Finance. If youâre on this list, youâve had a meaningful impact on our team as individuals or on our firm as a whole. Weâre so thankful for you.
To frame our update: we help growth companies elevate their financial data through tech-forward accounting and finance services. Weâre wrapping up our first full year of operations. Weâre glad youâre here.
This is our inaugural virtual brief. We get it. Newsletters can be stale, but here we find ourselves. Weâll make it fun. Promise đ¤. If youâd like to opt-out, just send us a note or link is below.
đĽ TL;DR: Full Send
We started the year as a single court jester and are ending the year as a mighty royal flush. Small, but mighty. With a mission to elevate financial data and reporting to growth companies, weâve worked alongside 40 companies this year to improve their finance functions and build a scalable environment to yield actionable data for founders and CEOs.
We believe a modern approach to accounting and finance can materially change how companies scale. The start of this modern approach is precipitated upon how technology + AI is being used in accounting, without sacrificing the power of relationships and keen industry knowledge. Our industry desperately needs change - proof point.
Weâve also started to gain traction in creating change in our industry. Weâve joined advisory boards, key industry channels, and participate in high-level discussions around how to usher accounting and finance services into the next generation. We are very proud of that and believe the industry involvement has a direct correlation to our ability to serve clients exceptionally well.
Operations in the Spotlight
While running solo wasâŚfun, it became clear that I needed a strong operator and strategic mind was necessary to execute the vision of Full Send - enter, Stacey Feldman, CPA. Stacey joined the team as a partner and COO in March of 2023 and has been off to the races since day 1. Sheâs a force of nature. Go connect with her.
Team Growth
We brought on Stacey Feldman, Kathy Chmiel, and April Cudis during 2023 and have expanded our capacity to create a more tangible impact on more clients as well as each of our own lives. Our team is đĽ.
Weâll be posting key roles in 2024 as we continue to expand our team on the accounting and finance fronts - stay tuned.
Digital Presence
Ok, when I first launched our v1 website, it wasâŚ.ok. This year we invested in having true professionals redesign our brand image, logo, and full digital presence. Massive kudos to Dan Strangfeld and the Basil Design Co. team with their help. We couldnât be happier. Also a major thanks to Brandon Moynihan for the intro to Dan đ.
Give us feedback on whatâs working, what could use improvement, and how we can better serve our clients, community, and industry - [email protected].
đ Need to know: Startups
> Pre-Seeds are up to $2M now? Peter Walker on Carta Data Minute (More) recently shared that SAFE rounds that raise under $250k have a median valuation cap of $5M. $250k-$500k? $6M cap. $500k-$1M? $10M Cap. Certainly an interesting data source for startups & investors.
> Is OpenAI still a startup? Sam Altmanâs departure as CEO of OpenAI, and subsequent reinstatement, can yield many lessons learned on board governance for early stage companies. (Hereâs a timeline of what happened and the subsequent return)
> 2024 is the bounce back year for startups. In 2023, weâve shifted from growth to efficiency, âtractionâ to profitability, and recession fears to having zero faith in the fedâs ability to understand or project our economy. (More)
Colorado Startups: Our Backyard
> The top VCâs in CO have teamed up to create Pitch Colorado. A resource for anybody to share their pitch and share what theyâre building with investors who will actually review the deck. (More)
> Denver is opening up a new Entrepreneurship Center focused on minority and women-led startups, but the 7543 square-foot facility will be open to everyone. (More)
> Denver ranked in the top 20 cities globally based on Pitchbookâs criteria related to deal value, deal count, exit value, exit count, and other metrics. (More)
đ¸ Need to know: Fundraising
> Our Client FusionAuth raises $65M in their first round of outside capital đ¤Ż. Congratulations to the whole team and their future growth. Oh and theyâre hiring! (More on the fundraise)
> We have ~14 clients fundraising a Seed / Series A in early-to-mid 2024 and we want to help get them connected to investors deploying capital. We plan to share more in coming months, but if youâre a capital provider and would like to learn more, send us a note.
Are you fundraising? Know someone who is? We plan to share opportunities for those in our network who are seeking capital, connections, or resources. Reach out to us at [email protected] to discuss being featured.
Help share Full Send Frontier
Wouldnât the accounting, finance, and startup world be a better place if more people had access to top-notch accounting and relatable humans? Take a minute to share our newsletter with your friendsâTheyâll thank you for having access to accountants with flair. Send them here.
đ If youâd like to be featured or have a message that would be helpful for our community, please let us know:
If youâd like to broadcast your current or upcoming fundraise
If youâve shipped a new product or launched in market
If youâre hiring and want to spread the word
We want to amplify voices of the builders, backers, and servant leaders. Reach out!
đď¸ Sending it in the wild
In October, Full Send hosted 150 people in our Boulder office to support our non-profit partner First Descents, raising over $5k. It was amazing. Hereâs the sizzle reel of the event.
We went full send at QuickBooks Connect in November, hereâs our overview.
We mentored and supported two Techstars Boulder cohorts in 2024, more about Techstars.
Clickbait: I met Ryan Reynolds, heâs pretty cool.
Why Full Send Frontier? Weâre on a mission to elevate financial data through high quality accounting and finance services, building more knowledgeable and engaged team members, and engaging in our industry to move accounting and finance forward.
Send us your feedback at [email protected] and help us stay as sendy as humanly possible. Weâre ready to listen.