Double S Consulting

???Philadelphia's 2024 Venture Report is Here!??? Despite economic headwinds, Philadelphia's venture ecosystem has shown incredible resilience, with startups raising $3.3 billion across 444 deals in 2024. Dive deep into how sectors like life sciences, healthcare, and tech are driving growth and attracting significant investments. Discover the key trends and insights that are shaping our local economy. ? ???Download the full report to explore the comprehensive analysis and prepare for what's next in Philly's vibrant venture scene:?https://lnkd.in/eJz3kaaj Thank you to report sponsors: Ben Franklin Technology Partners of Southeastern Pennsylvania BioAdvance Capital CEO Council for Growth - The Chamber of Commerce for Greater Philadelphia DLA Piper EY Life Sciences Pennsylvania NewSpring Penn Medicine, University of Pennsylvania Health System Abramson Cancer Center University City Science Center Wells Fargo ???#PhiladelphiaVenture #Innovation #TechTrends #BusinessGrowth #StartupEcosystem

Please STOP chasing funding without a plan. I see too many founders with big dreams but no fundamentals. If you want to raise capital, do this at each stage: 1. Pre-Seed: Focus on developing your MVP and proving technical feasibility 2. Seed: Validate product-market fit and establish early traction 3. Series A: Implement a scalable go-to-market strategy and grow your customer base 4. Series B: Expand your addressable market and optimize operations For example: → Conduct user testing to refine your MVP → Survey customers to identify key pain points → Hire experienced sales leaders to scale revenue → Invest in infrastructure to support rapid growth You will build a fundable startup by methodically decreasing risk at each stage rather than just chasing the next round. Do that consistently and watch your valuation soar. -- ?? Found this helpful? Repost it so your network can learn from it, too. And follow me, Chris Tottman, for more content like this. #BrainDumps ?? ?? // Brain Dump #37

The Anatomy of a Corporation: What Every Founder Needs to Know As a startup lawyer, I’ve seen many entrepreneurs dive into their ventures without fully understanding how a corporation functions. Here’s the key: a corporation is a living, breathing entity, separate from you as the founder. It has its own structure, rights, and responsibilities—and understanding this?anatomy?is critical to running your business effectively. Here’s how it breaks down: ? Shareholders: Shareholders?own?the corporation. They invest capital and receive shares in return, but their involvement is limited to voting on major decisions like electing the board or approving big moves like mergers. They own the company, but they don’t handle day-to-day management. ? Board of Directors: The board?manages?the corporation. They set the big-picture strategy and ensure the company runs in the shareholders' best interests. They appoint officers to handle daily operations. As a founder, you're likely on the board, but this role is distinct from simply being a shareholder. ? Officers: The officers?operate?the corporation. These are roles like CEO, CFO, and COO, responsible for executing the strategy set by the board. They run the day-to-day operations, from signing contracts to overseeing staff. ???Why This Matters: As a founder, you’re likely wearing multiple hats—you might be a shareholder, a director, and an officer. Each role has different rights, responsibilities, and levels of control. Keeping these roles clear is vital for decision-making, accountability, and protecting yourself from legal liability. Misunderstanding these roles can lead to conflicts, inefficiencies, or legal headaches. Knowing the?anatomy of a corporation?will help you navigate your responsibilities and keep things running smoothly. The structure might seem complex, but getting it right early on is essential for your long-term success. #Entrepreneurship #Startups #BusinessLaw #CorporateGovernance #Leadership #Founders

This founder got an intro to a VC (AND a $250,000 check) using the intro structure below: When founders ask me to make intros to investors for them and I ask for a forwardable, THIS tends to be the format that yields the highest intro success rate among my network. Rather than asking: "Jeanine - who do you know who invests in x?" These were the steps she took: 1. Had a list of ideal investors whose theses align w/ her product 2. Went to my LinkedIn to see which VCs I was connected to 3. Shot me an email asking if I knew the investor personally 4. Sent me a personalized forwardable 5. Intro was made I'm not saying this format is law. However, what I am saying is that if you want to increase your chances of getting that meeting (with my help), this format tends to work best. Founders: if there are any formats that have worked for you that you would want to share with fellow founders, feel free to drop them in the comments ???? A personal thanks to this founder for letting me use her as an example to spread knowledge.