Deal Sheet

?? How Last Money In Grew Their Newsletter to $700k In 14 Months Had a great time chatting w/ the king of newsletter growth, Matt McGarry. Sharing some of his newsletter feature of us below w/links to the full write up and podcast in comments. ******* ? In just 14 months, Alex Pattis & Zachary Ginsburg grew their newsletter Last Money In to over 41,000 subscribers and ~$200k/year in ad revenue. He also runs a paid newsletter called Deal Sheet that he started in Feb 2024. Deal Sheet has a $4k annual subscription fee, approximately 165 subscribers, and is now over $500K ARR, 7 months after launch. That’s a $700k business built on the back of newsletters. Pre-existing credibility... Prior to starting their media company, Alex and his co-founder Zach Ginsburg led more than 800 SPVs and deployed over $200 million in deals. They spent years building their network in the SPV space and establishing authority and credibility. Picked a niche... Alex and Zach realized there was a gap in the market. While there were tons of VC newsletters, there wasn’t anything covering special purpose vehicles. So they built it. If you’re personally struggling to find a niche for your newsletter, I wrote about it here but below is a quick recap: 1) What unique experiences and skills do you have? 2) What are your passions and interests? 3) How lucrative is this niche/topic? 4) How exactly can you monetize? The next step is to select a niche that fits this criteria: 1) You have genuine interest in it (so you can consistently write about it) 2) You have experience in (so you can create insightful content) 3) Has lucrative monetization opportunities (so you can build a successful business) Building an owned audience... Alex initially wanted to start a podcast about SPV investing, but?Sam Parr?advised them not to. Instead, he recommended starting with a newsletter because it's shorter and easier to capture someone's attention, own the audience, and collect data. With an owned audience you can collect and store valuable audience data like engagement, location, interest, purchase behavior, and more. Plus, if your newsletter is successful, you can always turn it into a podcast. Have a clear audience... Since their first post 14 months ago, Last Money In has been serving two audiences: 1) Individual accredited investors who have invested in syndicates and deals with Alex and Zach 2) People looking to start a syndicate of their own and want to learn how to do it Consistency... Alex and Zach publish Last Money In every Wednesday. Every week they switch who writes the newsletter and have a brainstorming session to come up with topics to write about.?They also keep a spreadsheet with a backlog of ideas that they continuously add to. ******** Link to full Newsletter Operator Post & Podcast in comments.

Super cool to be featured on the beehiiv blog on our path to a $500k ARR Newsletter! "Last Money In has already secured six figure sponsorship deals, while their paid newsletter, Deal Sheet, has reached $500,000 in annual recurring revenue (ARR) in just under seven months! Thanks to Alex and Zachary—both noticed a need, and they carved out a unique?niche?with their newsletters.? In this case study, we’ll learn more about the genesis of Last Money In and Deal Sheet newsletters, building a community with a subscription model, and the creators behind the newsletters." In the beehiiv blog you can read up on: - The Inception of Last Money In Media & Deal Sheet Newsletters - The First 1,000 Subscribers Odyssey - Next Stop: 70,000 to 80,000 Subscribers - Joining the Ranks of Successful Creators on beehiiv - Buzzing on Profits With Monetization - Why Trust Me - Building A Newsletter Foundation For Novices - Syndicating Success, One Newsletter at a Time - And more! https://lnkd.in/eYBhybRG

Get Your Deal Featured: Sydecar x Deal Sheet collab! This is for anyone syndicating a private market SPV! Here’s how it works: 1) Submit your actively investable deal for a chance to be featured in an upcoming Deal Sheet newsletter, a platform that delivers top startup investment opportunities directly to accredited investors seeking their next big opportunity. 2) Submissions will be personally reviewed by myself and Zachary Ginsburg, creators of Deal Sheet. 3) The most compelling investment opportunity will be selected and featured in an upcoming Deal Sheet newsletter, giving you direct access to a network of accredited investors w/high interest in startups. Submit your deal here → https://lnkd.in/eS-SYJtr

Come join our team!

In July, we invested/wired capital into 6 companies. 5 shown below and another 1 on a different platform. - 3 companies were new investments. - 3 companies were follow-on investments. Riverside Ventures is aiming to stay active this summer despite the typical slow down of? fundraising activity. Deal Sheet has not missed a beat. We will see if August slows down, but so far the syndicate ecosystem is continuing to do deals we are seeing many syndicate leads launch what we view as high quality deals.

Deal Sheet (pricing going up again) – Save Carry + Get Access In Q1, 2024 we launched Deal Sheet, a paid email offering that provides accredited investors: 1) Access to some of the best startup opportunities across the VC syndicate ecosystem (est. 150+ deals on Deal Sheet per year) and 2) All Deal Sheet deals come at discounted carry – all opportunities on Deal Sheet are listed at 10% carry (versus 20% standard) with select opportunities (at our discretion) at 0% carry. Pricing is going up again Thursday August 1st.? To date - Deal Sheet subscribers have received 0% carry opportunities (versus standard 20% carry)? in a large number of highly prolific startups and 10% carry on almost 100 of the most interesting startup opportunities YTD from pre-seed to pre-IPO from across the syndicate ecosystem. We leverage our 4 step Alpha Access process to provide you the best venture capital opportunities: 1) Insider Access → Curating the best investment opportunities from 50+ Venture Capitalists that we’ve built relationships with and co-invested with over the last decade. Tap into a decade of our cultivated relationships including Midas List members, to access the premier startup investment opportunities. 2) 365 Deal Hustle → 24/7 deal-hunting to uncover tier 1 VC co-investment opportunities across all stages and industries, extending beyond our established network. We relentlessly pursue tier 1 deals, ensuring you access many of the best venture capital deals from across the startup ecosystem. 3) The Midas Matrix → Investing alongside the top co-investors is important to syndicate LPs.? We leverage co-investments with Midas List partner funds, and gain early access to deals that have already passed through some of the industry's most discerning filters. 4) Carry Crusher → Deal Sheet members get their carry cut in half. We provide specific links to 10% carry on all deals as opposed to the industry standard 20% carry, providing a 50% discount in carry for all 150+ annual Deal Sheet deals with select opportunities at 0% carry. Get Deal Sheet: https://lnkd.in/eS9xPvHN On Carry Savings:? Invest in just 1 Deal Sheet deal out of the 100-200+/year, and Deal Sheet “could” pay for itself 3x over?(example below): - A Deal Sheet customer invests $25k in one deal - The deal 5x’s (net dilution) - Capital Returned = $125,000 - 10% carry paid to GP (instead of 20%) = $10k (instead of $20k) - Savings from being a Deal Sheet customer = $10k - Deal Sheet Annual Fee today (pricing going up Aug 1) = $3.5k? - Savings post Deal Sheet fee = $10k (2.9x ROI) - Savings on a 0% carry Deal Sheet (we’re expecting around 12 of these a year) = $20k (5.7x ROI) And this is just the potential savings for 1 deal. We are offering 100-200+/deals a year with LPs investing as little as $1,000 up to >$5M into our deals. Get Deal Sheet at the $3.5k/year pricing before prices increase. Get Deal Sheet: https://lnkd.in/eS9xPvHN

I’ve had ~3k accredited investors/angels participate in at least 1 Riverside Ventures SPV. It’s not easy to manage, especially when there are no meaningful management fees to build a firm and hire for the present… but I still love it. There are tons of requests and feedback given we’ve done > 315 SPV’s. Managing this many individual LPs is definitely one of the hardest parts of running an active syndicate. You essentially have hundreds, or in my case, thousands of customers without the ability to build out a team. I’ll be the first to admit, there is plenty of room for improvement for me here. But, emails like these truly make my day. As challenging as it may be, there are also so many incredible angels who have invested with us and also been helpful to portfolio companies and/or myself. Growing my network with LPs in our syndicate kind of feels like a cheat code. And I’m equally impressed by what they do or what they’ve built. I frequently send Zachary Ginsburg a text like “Wow, did you just see that (insert name/role) just invested in our (insert portfolio name) deal!”. So despite the many challenges of managing LPs, there are a ton of benefits and great people I’ve been able to meet and add to my network along the way. I got this email this past Saturday. Small things like this truly go a long way for me :) This referral also signed up for our Deal Sheet product! I’m trying to give Mark Cuban a run for his money as I’ve been told by multiple entrepreneurs that he has the fastest response time. -- Powered by Sydecar and Forge, Last Money In Media is the most actionable venture capital newsletter. Written by Zachary Ginsburg and Alex Pattis, global syndicate leaders with 800+ SPVs closed.

We invested in 11 startups in June ?? 9 shown below and another 2 on a different platform. This is more than usual, so definitely not the norm on a per month basis. Just a reminder how active VC Syndicates can be in deploying capital and playing a support role in the venture capital ecosystem. Let's see if we can remain active across summer. p.s. I have no trips overseas this summer and I promise you nobody will receive a single out of office email from me :)

Weekend Post: Thrilled to join DealSheet after collaborating on successful opportunities with Alex Pattis and witnessing the value SPVs offer to individual investors. Would recommend to early investors to follow Last Money In Media for further insights or I'd be happy to connect to share my experiences working with their team. Opportunity is plentiful; the key is where you invest. Find out more: https://lnkd.in/eDSzgRB4

20th Issue of Deal Sheet going out today!!