• Brex IRL
  • Posts
  • One way to get competitive term sheets

One way to get competitive term sheets

Turning due diligence into an immersive experience

Author

Michael Morgenstern
April 02, 2024

Happy Tuesday Brex community,

A savvy founder just nabbed five competitive term sheets post a stellar event! Here's the scoop: she brought together her entire customer base, prospects, and a handpicked group of VCs. This wasn't just any gathering; it was a strategic play that put her customers at the forefront, transforming a conventional meet-and-greet into a dynamic showcase of market potential. By literally presenting the market to her interested VCs, she turned due diligence into an immersive experience. This astute approach allowed for swift and decisive action by the investors to pursue leading her round.

Events are always evolving, and this incredible founder and investor community is the lodestar guiding us. We're curious—what kind of events spark your interest? Let us know; we're all ears👂!

Growing together, Michael Morgenstern

Upcoming Events:

  • Brex Supper Club w/Red Beard Ventures in NYC 4/3

    Designed as a highly curated group of seed stage founders building in Web3 infra, fintech, and frontier tech.

    Apply Here Brex Host: Shai Goldman

  • Brexfast Club Miami Tech Week 4/9

    ​Designed as a tactical breakfast, featuring expert insights on executive recruiting, scaling operating teams, sales strategies and trainings.

    Apply Here Brex Host: Michael Morgenstern 

  • Brexfast w/ The Artemis Fund, QED, and Fiat Ventures NYC 4/9

    Designed as a fintech founder/VC breakfast for #NYFinTechWeek.

    Apply Here Brex Host: Shai Goldman

  • Brex Supper Club Miami Tech Week 4/10

    Designed as a highly curated group of seed stage founders.

    Apply Here Brex Host: Michael Morgenstern 

  • Brex Flex Club (VC Platform Summit) Miami 4/16

    Designed for Heads of Platform, 7am yoga with the best instructor in Miami to start the day.

    Apply Here Brex Host: Michael Morgenstern 

  • Brex Supper Club (VC Platform Summit) Miami 4/16

    Designed for Heads of Platform, a highly curated Omakase.

    Apply Here Brex Host: Michael Morgenstern 

  • Pups & Lattes with Brex 4/17 in LA

    Bring your fur baby and hang with founders and investors building Seed/Series A+ companies.

    Apply Here Brex Host: Anshul Shah

  • 43North x Brex Female VC Happy Hour 4/24 in NYC

    Designed as a highly curated group of female VCs.

    Apply Here Brex Host: Erica Wenger

Startup of the Week 🤩 

Kyle Corbitt is the Founder and CEO of OpenPipe

OpenPipe is the easiest way to replace your GPT-4 prompt with a custom fine-tuned model. The model you produce is faster, cheaper, and often more accurate than the prompt it replaces. OpenPipe simplifies the process by including data capture, refinement, fine tuning, evaluations and model serving into a single tool. We serve the fast-growing "AI engineer" market by making it possible for any engineer to successfully deploy their own fine-tune, even if they don't have a strong data science background. And the open source models we train are truly open—you can download the weights to avoid vendor lock-in.

Ambassadors Perspective: Imagine having the power to collect and refine your unique dataset, train a custom model tailored precisely to your requirements, and deploy it all in under an hour — with zero machine learning expertise required. That's not just a dream; it's what OpenPipe offers. With OpenPipe, your AI model isn't static; it's dynamic, benefiting from a data flywheel effect. This means your model continuously improves as it learns from the growing volume of user interactions, a strategy pioneered by industry giants for optimizing services like product recommendations.

Venture Capitalist Spotlight 🤩 

Jonathan Abrams is the Co-Founder and General Partner of 8-Bit Capital

8-Bit Capital invests in startups that connect people and businesses in new ways. Jonathan and his partner Kent Lindstrom are experienced entrepreneurs and investors who invest in early stage software startups, with a focus on AI, cloud, cybersecurity, enterprise, fintech, and social. Founded in 2020 in San Francisco, 8-Bit Capital's investments include Augmend, Bowtie, Cerbos, Hypermode, Impart, Lantern, Nira, Pipedream, Range, and Simplified. 8-Bit Capital is often one of the first institutional investors to commit to investing in a new startup.

Prior to co-founding 8-Bit Capital, Jonathan was the founder of the professional news discovery service Nuzzel and the pioneering social networking service Friendster, which inspired the modern social networking industry. Previously, Jonathan was a software engineer at Netscape and Nortel. Jonathan was also a co-founder and Managing Partner of Founders Den, San Francisco’s favorite workspace and community for startups and investors, which was home to many successful startups and top venture firms over 12 years of operation. Jonathan's prior investments include AngelList, ClearTax, CoinList, Docker, Front, HelloSign, Instacart, Pachyderm, Republic, SafeGraph, Sense, Shortcut, Slideshare, Stream, and Zeplin. Jonathan was recently named one of the "30 of the most successful early-stage startup investors in the world".

Connect with us

The financial stack that scales with you. 🤩 Trusted by 1 in 3 US startups, Brex allows you to manage your spend from MVP to IPO. Interested? Sign up here using the referral code NEWSLETTER and get 25,000 bonus points, $5K AWS credits, $2.5K OpenAI credits and up to $150K in SaaS discounts.

Don’t hesitate to reach out,🦾!

Startups Team @ Brex