<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Product Market Fit: The Deck Library]]></title><description><![CDATA[The collection of 200+ proven pitch decks from the world’s fastest-growing AI startups. The exact decks that raised millions and built unicorns.]]></description><link>https://www.productmarketfit.tech/s/pitch-deck-examples</link><image><url>https://substackcdn.com/image/fetch/$s_!Q45K!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7087caf4-02fd-401c-b47e-1c8ecfa7ac21_360x360.png</url><title>Product Market Fit: The Deck Library</title><link>https://www.productmarketfit.tech/s/pitch-deck-examples</link></image><generator>Substack</generator><lastBuildDate>Thu, 16 Apr 2026 22:11:06 GMT</lastBuildDate><atom:link href="https://www.productmarketfit.tech/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Guillermo Flor]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[productmarketfit@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[productmarketfit@substack.com]]></itunes:email><itunes:name><![CDATA[Guillermo Flor]]></itunes:name></itunes:owner><itunes:author><![CDATA[Guillermo Flor]]></itunes:author><googleplay:owner><![CDATA[productmarketfit@substack.com]]></googleplay:owner><googleplay:email><![CDATA[productmarketfit@substack.com]]></googleplay:email><googleplay:author><![CDATA[Guillermo Flor]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[The Brex $57M Pitch Deck That Built a $12B Fintech Giant 🔥]]></title><description><![CDATA[One of the most legendary VC decks ever, the slides that helped Brex raise $57M and start its journey to a $12B valuation.]]></description><link>https://www.productmarketfit.tech/p/the-brex-57m-pitch-deck-that-built</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-brex-57m-pitch-deck-that-built</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Thu, 12 Mar 2026 18:35:06 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!cxa9!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!cxa9!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!cxa9!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 424w, https://substackcdn.com/image/fetch/$s_!cxa9!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 848w, https://substackcdn.com/image/fetch/$s_!cxa9!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!cxa9!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!cxa9!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg" width="1200" height="675" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:675,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:95071,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/190748581?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!cxa9!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 424w, https://substackcdn.com/image/fetch/$s_!cxa9!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 848w, https://substackcdn.com/image/fetch/$s_!cxa9!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!cxa9!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6504fed-cfc2-4d2a-b3ab-227f20a61bc4_1200x675.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Some pitch decks raise money. <strong>This one built a $12B MONSTER &#128293;</strong></p><p>In 2019, <strong>Brex</strong> used this deck to raise <strong>$57M in Series B funding</strong>, and it became one of the most legendary fintech rounds of the decade.</p><p>The founders, <strong>Henrique Dubugras</strong> and <strong>Pedro Franceschi</strong>, had already built and sold a company as teenagers.</p><p>But Brex was different.</p><p>They were attacking one of the most broken parts of the startup ecosystem: <strong>corporate credit cards for fast-growing startups.</strong></p><p>Instead of relying on personal guarantees and slow underwriting, Brex built a <strong>software-driven financial platform designed specifically for startups</strong>.</p><p>Investors immediately understood the scale.</p><p><strong>This deck was backed</strong> by some of the <strong>most powerful names in Silicon Valley</strong>:</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!pDzr!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!pDzr!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pDzr!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pDzr!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pDzr!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!pDzr!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg" width="1456" height="810" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:810,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:148906,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/190748581?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!pDzr!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pDzr!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pDzr!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pDzr!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba307cf-f82f-4d85-bee5-8c7743cff851_1483x825.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>&#8226; Peter Thiel<br>&#8226; Max Levchin<br>&#8226; Yuri Milner<br>&#8226; Y Combinator</p><p>And the trajectory after that round was insane.</p><p>Brex scaled from a startup credit card into a <strong>full financial operating system for companies</strong>, expanding into spend management, banking, global payments, and treasury products.</p><p>Within a few years, the company had reached a valuation of <strong>$12B</strong> and became one of the fastest-growing fintech companies of the decade.</p><p>And it all started with this deck.</p><blockquote><p>Just a brutally clear story about <strong>a massive problem, a product that solved it, and a market big enough to build a generational company.</strong></p></blockquote><p>This is one of the best fundraising decks you&#8217;ll ever see.</p><p>Because it shows <strong>exactly how to raise venture capital when everything matters</strong>:</p><ul><li><p>how to frame a massive opportunity</p></li><li><p>how to explain a new fintech category</p></li><li><p>how to make investors feel the inevitability of the company</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!K-pk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31675347-a1ac-452e-a102-9e10b76afac4_1094x1378.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!K-pk!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31675347-a1ac-452e-a102-9e10b76afac4_1094x1378.png 424w, https://substackcdn.com/image/fetch/$s_!K-pk!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31675347-a1ac-452e-a102-9e10b76afac4_1094x1378.png 848w, https://substackcdn.com/image/fetch/$s_!K-pk!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31675347-a1ac-452e-a102-9e10b76afac4_1094x1378.png 1272w, https://substackcdn.com/image/fetch/$s_!K-pk!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31675347-a1ac-452e-a102-9e10b76afac4_1094x1378.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!K-pk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31675347-a1ac-452e-a102-9e10b76afac4_1094x1378.png" width="1094" height="1378" 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class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.deel.com/the-pitch-by-deel/apply/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=ww_community_oneoff_li_collab_guillermoflor_all_all&amp;utm_content=community_all_eventad_pitch-guillermoflor_en&quot;,&quot;text&quot;:&quot;Apply to The Pitch by Deel now&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://www.deel.com/the-pitch-by-deel/apply/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=ww_community_oneoff_li_collab_guillermoflor_all_all&amp;utm_content=community_all_eventad_pitch-guillermoflor_en"><span>Apply to The Pitch by Deel now</span></a></p><div><hr></div></li></ul><h3>In this breakdown we&#8217;re sharing:</h3><p><strong>1.  The ORIGINAL 2019 Brex Series B deck used to raise $57M<br>2. A second version of the deck that has circulated online and been reconstructed from public sources</strong></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!1Fbk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!1Fbk!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 424w, https://substackcdn.com/image/fetch/$s_!1Fbk!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 848w, https://substackcdn.com/image/fetch/$s_!1Fbk!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 1272w, https://substackcdn.com/image/fetch/$s_!1Fbk!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!1Fbk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png" width="1456" height="796" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:796,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1557279,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/190748581?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!1Fbk!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 424w, https://substackcdn.com/image/fetch/$s_!1Fbk!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 848w, https://substackcdn.com/image/fetch/$s_!1Fbk!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 1272w, https://substackcdn.com/image/fetch/$s_!1Fbk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c38dc6a-a407-460a-b3cb-f7447b0568c5_2752x1504.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!u-HW!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!u-HW!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 424w, https://substackcdn.com/image/fetch/$s_!u-HW!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 848w, https://substackcdn.com/image/fetch/$s_!u-HW!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 1272w, https://substackcdn.com/image/fetch/$s_!u-HW!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!u-HW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png" width="1456" height="855" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:855,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1089395,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/190748581?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!u-HW!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 424w, https://substackcdn.com/image/fetch/$s_!u-HW!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 848w, https://substackcdn.com/image/fetch/$s_!u-HW!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 1272w, https://substackcdn.com/image/fetch/$s_!u-HW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F131a761e-0e52-40a5-ae18-56dedb8a223c_2550x1498.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>So you can see <strong>how one of the most iconic fintech companies in the last decade convinced investors to bet big.</strong></p><p><strong>Here you go &#128293;</strong></p>
      <p>
          <a href="https://www.productmarketfit.tech/p/the-brex-57m-pitch-deck-that-built">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[🚨BREAKING: The Original SpaceX Pitch Deck That Started the Space Race 🔥]]></title><description><![CDATA[The insane deck that started the private space race, and could lead to a $1.5T IPO.]]></description><link>https://www.productmarketfit.tech/p/breaking-the-original-spacex-pitch</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/breaking-the-original-spacex-pitch</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Mon, 09 Mar 2026 19:10:29 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!BFUt!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!BFUt!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!BFUt!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 424w, https://substackcdn.com/image/fetch/$s_!BFUt!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 848w, https://substackcdn.com/image/fetch/$s_!BFUt!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 1272w, https://substackcdn.com/image/fetch/$s_!BFUt!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!BFUt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png" width="1456" height="765" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:765,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:4193991,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/190413848?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!BFUt!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 424w, https://substackcdn.com/image/fetch/$s_!BFUt!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 848w, https://substackcdn.com/image/fetch/$s_!BFUt!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 1272w, https://substackcdn.com/image/fetch/$s_!BFUt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F548d6e93-80e6-4fcd-8d26-08dd29da69ec_2818x1480.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Before reusable rockets.<br>Before Starlink.<br>Before SpaceX became the most important private company in aerospace.</p><p>There was just a pitch deck.</p><p>And one idea that sounded insane at the time:</p><p><strong>Rockets shouldn&#8217;t be disposable.</strong></p><p>For decades the space industry worked like this:</p><blockquote><p><strong>Build a rocket for hundreds of millions &#8594; launch it once &#8594; watch it burn in the ocean.</strong></p></blockquote><p>Every launch destroyed the vehicle.</p><p>Imagine throwing away a Boeing 747 after every flight.</p><p>That was the norm.</p><p>SpaceX&#8217;s thesis was simple and revolutionary:</p><p><strong>1. Make rockets reusable.<br>2. Drop launch costs by 10x.<br>3. Unlock the entire space economy.</strong></p><p>Today that idea powers:</p><p>&#8226; <strong>Starlink</strong>, the fastest-growing satellite internet network in history &#128293;<br>&#8226; The majority of <strong>global satellite launches</strong><br>&#8226; <strong>NASA missions</strong> and national security launches<br>&#8226; The foundation of the <strong>new commercial space industry</strong></p><p>And the market is starting to price it in.</p><p>Private investors already value SpaceX at <strong>$1.5T+</strong>, making it one of the most valuable private companies on Earth.</p><p>But the bigger story is what happens if SpaceX ever goes public.</p><p>Several analysts believe that <strong>if SpaceX ever goes public, it could become one of the most important IPOs of the decade, </strong>driven by:</p><p><strong>&#8226; Starlink becoming a global telecom giant<br>&#8226; Dominance in launch infrastructure<br>&#8226; Future space logistics and transportation</strong></p><p>In other words:</p><blockquote><p><strong>SpaceX isn&#8217;t just a rocket company.<br>It&#8217;s becoming the infrastructure layer of space.</strong></p></blockquote><div id="youtube2-RYUr-5PYA7s" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;RYUr-5PYA7s&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/RYUr-5PYA7s?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uGnY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uGnY!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 424w, https://substackcdn.com/image/fetch/$s_!uGnY!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 848w, https://substackcdn.com/image/fetch/$s_!uGnY!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 1272w, https://substackcdn.com/image/fetch/$s_!uGnY!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uGnY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png" width="800" height="1000" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1000,&quot;width&quot;:800,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:498328,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/189801480?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!uGnY!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 424w, https://substackcdn.com/image/fetch/$s_!uGnY!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 848w, https://substackcdn.com/image/fetch/$s_!uGnY!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 1272w, https://substackcdn.com/image/fetch/$s_!uGnY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7cbc74d-e167-4b8e-84bb-f160ae37fb94_800x1000.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.deel.com/the-pitch-by-deel/apply/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=ww_community_oneoff_li_collab_guillermoflor_all_all&amp;utm_content=community_all_eventad_pitch-guillermoflor_en&quot;,&quot;text&quot;:&quot;Apply to The Pitch by Deel now&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://www.deel.com/the-pitch-by-deel/apply/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=ww_community_oneoff_li_collab_guillermoflor_all_all&amp;utm_content=community_all_eventad_pitch-guillermoflor_en"><span>Apply to The Pitch by Deel now</span></a></p><div><hr></div><h1>The Legendary SpaceX Pitch Deck &#128640;</h1><p>Before all of this&#8230;</p><p>Before the rockets landing themselves&#8230;</p><p>Before the $350B valuation&#8230;</p><p>There was a pitch deck that explained why the economics of space were about to change forever.</p><p>Below is the original SpaceX deck that helped start the private space race.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!jma6!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!jma6!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 424w, https://substackcdn.com/image/fetch/$s_!jma6!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 848w, https://substackcdn.com/image/fetch/$s_!jma6!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!jma6!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!jma6!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg" width="1024" height="722" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:722,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:552638,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/190413848?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!jma6!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 424w, https://substackcdn.com/image/fetch/$s_!jma6!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 848w, https://substackcdn.com/image/fetch/$s_!jma6!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!jma6!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b9cfb57-c05c-4230-aa66-a873fdcc6b38_1024x722.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1>&#128293; Access the SpaceX Pitch Deck Below</h1><p>Get access to the original SpaceX deck plus the pitch decks from some of the most iconic companies ever built:</p><p>&#8226; OpenAI<br>&#8226; Anthropic<br>&#8226; Figma<br>&#8226; Revolut<br>&#8226; ElevenLabs<br>&#8226; And many more</p><p><strong>&#128071; Unlock the full archive below.</strong></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?coupon=8d8a067a&amp;utm_content=190413848&quot;,&quot;text&quot;:&quot;Get 40% off forever&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a 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class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" 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      <p>
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      </p>
   ]]></content:encoded></item><item><title><![CDATA[EXCLUSIVE: Letter AI $40M Series B Pitch Deck🔥]]></title><description><![CDATA[From Y Combinator to Battery Ventures leading the series B]]></description><link>https://www.productmarketfit.tech/p/exclusive-letter-ai-40m-series-b</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/exclusive-letter-ai-40m-series-b</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Mon, 02 Mar 2026 17:15:46 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!90hP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!90hP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!90hP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 424w, https://substackcdn.com/image/fetch/$s_!90hP!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 848w, https://substackcdn.com/image/fetch/$s_!90hP!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 1272w, https://substackcdn.com/image/fetch/$s_!90hP!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!90hP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp" width="800" height="421" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:421,&quot;width&quot;:800,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Letter AI Raises $40M to Expand Deal Intelligence&quot;,&quot;title&quot;:&quot;Letter AI Raises $40M to Expand Deal Intelligence&quot;,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Letter AI Raises $40M to Expand Deal Intelligence" title="Letter AI Raises $40M to Expand Deal Intelligence" srcset="https://substackcdn.com/image/fetch/$s_!90hP!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 424w, https://substackcdn.com/image/fetch/$s_!90hP!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 848w, https://substackcdn.com/image/fetch/$s_!90hP!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 1272w, https://substackcdn.com/image/fetch/$s_!90hP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2060426f-bfff-4989-a007-6ac06c1c7df8_800x421.webp 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>&#128680; <strong>Letter AI just closed one of the cleanest, strongest Series B rounds of 2026.</strong></p><p><strong>$40M Series B&#8230; four months after its last raise.</strong></p><h1>What is Letter AI?</h1><h4><strong>Letter AI is building the AI-native operating system for revenue teams.</strong></h4><p>And this feels <strong>generational</strong> &#128293;</p><p>They&#8217;re <strong>collapsing the entire bloated GTM stack into one unified system</strong> that does content, training, coaching, deal rooms, revenue intelligence, and real-time guidance: all inside the workflow, all powered by AI.</p><p>No more digging through Notion.<br>No more outdated decks and fragmented CRMs.</p><blockquote><p><em>Letter is becoming the command center that <strong>tells reps what to send</strong>, how to <strong>respond</strong>, what to <strong>say</strong>, and <strong>how to close</strong> in real time.</em></p></blockquote><p>This isn&#8217;t &#8220;AI for sales.&#8221; This is AI replacing the stack.</p><p>And when a <strong>25-person</strong> team is already winning global enterprises and <strong>raising $40M led by Battery Ventures</strong> just months after their last round&#8230;</p><p>That&#8217;s not a feature company. That&#8217;s infrastructure in the making &#128640;</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!7Bpu!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!7Bpu!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 424w, https://substackcdn.com/image/fetch/$s_!7Bpu!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 848w, https://substackcdn.com/image/fetch/$s_!7Bpu!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 1272w, https://substackcdn.com/image/fetch/$s_!7Bpu!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!7Bpu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp" width="1316" height="1116" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1116,&quot;width&quot;:1316,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:18034,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/webp&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/189483609?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!7Bpu!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 424w, https://substackcdn.com/image/fetch/$s_!7Bpu!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 848w, https://substackcdn.com/image/fetch/$s_!7Bpu!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 1272w, https://substackcdn.com/image/fetch/$s_!7Bpu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F09b077d9-c468-460f-8836-c0e61ee1960c_1316x1116.webp 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><strong>&#128226;  CALLING ALL FOUNDERS &#128226;</strong>                        </h3><p><strong>Deel is launching The Pitch</strong>: a global startup pitch competition, presented by J.P. Morgan. </p><p><strong>Up for grabs&#8230;</strong></p><ul><li><p>&#128176; Up to <strong>100</strong> regional <strong>winners</strong> receive <strong>$50,000 in investment</strong>                        </p></li><li><p>&#127757; Up to <strong>10</strong> global <strong>champions</strong> win <strong>$1M in investment</strong>                        </p></li><li><p>&#129309; Plus access to exclusive startup perks and a <strong>global founder community</strong>        </p></li></ul><p>If you&#8217;re building something bold, this is your moment.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.deel.com/the-pitch-by-deel/apply/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=ww_community_oneoff_li_collab_guillermoflor_all_all&amp;utm_content=community_all_eventad_pitch-guillermoflor_en&quot;,&quot;text&quot;:&quot;Apply Now &#128071;&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.deel.com/the-pitch-by-deel/apply/?utm_source=linkedin&amp;utm_medium=social&amp;utm_campaign=ww_community_oneoff_li_collab_guillermoflor_all_all&amp;utm_content=community_all_eventad_pitch-guillermoflor_en"><span>Apply Now &#128071;</span></a></p><div><hr></div><h1>Why did Battery Ventures go so all into Letter?</h1><p>Because this isn&#8217;t incremental software, it&#8217;s a full-stack replacement of a broken category:</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!achG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44c17eb9-39dd-4b5c-b81b-4e306137a7b7_1062x506.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!achG!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44c17eb9-39dd-4b5c-b81b-4e306137a7b7_1062x506.png 424w, https://substackcdn.com/image/fetch/$s_!achG!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44c17eb9-39dd-4b5c-b81b-4e306137a7b7_1062x506.png 848w, https://substackcdn.com/image/fetch/$s_!achG!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44c17eb9-39dd-4b5c-b81b-4e306137a7b7_1062x506.png 1272w, https://substackcdn.com/image/fetch/$s_!achG!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F44c17eb9-39dd-4b5c-b81b-4e306137a7b7_1062x506.png 1456w" sizes="100vw"><img 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https://substackcdn.com/image/fetch/$s_!fMMT!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png 848w, https://substackcdn.com/image/fetch/$s_!fMMT!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png 1272w, https://substackcdn.com/image/fetch/$s_!fMMT!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!fMMT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png" width="1062" height="1298" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1298,&quot;width&quot;:1062,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:333291,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/189483609?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!fMMT!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png 424w, https://substackcdn.com/image/fetch/$s_!fMMT!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png 848w, https://substackcdn.com/image/fetch/$s_!fMMT!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png 1272w, https://substackcdn.com/image/fetch/$s_!fMMT!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6be15e95-c132-4ad1-8720-3e1b943e44af_1062x1298.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Old enablement made teams manage PDFs. Letter rebuilt it AI-first and became the single source of GTM truth.</p><p>When customers rip out multiple tools for one platform (and reps say they&#8217;d riot if it disappeared) that&#8217;s infrastructure.</p><h1>Where Letter Is Now:</h1><ul><li><p><strong>25</strong> <strong>employees</strong></p></li><li><p>Customers in <strong>30+ countries</strong>.</p></li><li><p>Global brands like <strong>Adobe</strong>, Lenovo, Novo Nordisk, and Plaid.</p></li><li><p><strong>$40M Series B</strong> led by Battery Ventures (4 months after Series A).</p></li></ul><p>Small team. Enterprise logos. Fast follow-on capital.</p><h3>Anyways, so what did I do?</h3><p>I went straight to <strong>Ali Akhtar</strong> and convinced him to share their<strong> Series B deck</strong>, solely so I could break it down and share it with you guys.</p><p>And I&#8217;m not exaggerating: this is one of the <strong>tightest, hardest Series B decks I&#8217;ve seen at this stage. Especially in GTM.</strong></p><p>It&#8217;s sharp. Ruthless. Every slide moves the narrative forward.</p><p>In essence: <strong>they&#8217;re cracked.</strong></p><blockquote><p><em>If you&#8217;re raising right now, you should be studying this.</em><br>This is how you pitch infrastructure, not a feature.</p></blockquote><h3>Below is the full, unfiltered Letter AI Series B deck <strong>&#128293;EXCLUSIVE: The $40M Letter AI 8-Slide Pitch Deck &#128293;</strong></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!HNrz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!HNrz!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 424w, https://substackcdn.com/image/fetch/$s_!HNrz!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 848w, https://substackcdn.com/image/fetch/$s_!HNrz!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 1272w, https://substackcdn.com/image/fetch/$s_!HNrz!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!HNrz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png" width="1456" height="823" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:823,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:15007437,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/189483609?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!HNrz!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 424w, https://substackcdn.com/image/fetch/$s_!HNrz!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 848w, https://substackcdn.com/image/fetch/$s_!HNrz!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 1272w, https://substackcdn.com/image/fetch/$s_!HNrz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F81997482-0cae-49c4-a520-cf685d4cca2b_6457x3652.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" 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   ]]></content:encoded></item><item><title><![CDATA[Perplexity's early Pitch Deck, early investors and how it's valued at ~20B Valuation]]></title><description><![CDATA[Perlexity's Deck and how they Unlocked the top VCs in the world]]></description><link>https://www.productmarketfit.tech/p/perplexitys-early-pitch-deck-early</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/perplexitys-early-pitch-deck-early</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Thu, 26 Feb 2026 20:51:43 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!hNdI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!f94f!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!f94f!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 424w, https://substackcdn.com/image/fetch/$s_!f94f!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 848w, https://substackcdn.com/image/fetch/$s_!f94f!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!f94f!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!f94f!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg" width="700" height="466" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:466,&quot;width&quot;:700,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Exclusive | AI Startup Perplexity's Valuation Surges to $14 Billion in New  Funding Round - WSJ&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Exclusive | AI Startup Perplexity's Valuation Surges to $14 Billion in New  Funding Round - WSJ" title="Exclusive | AI Startup Perplexity's Valuation Surges to $14 Billion in New  Funding Round - WSJ" srcset="https://substackcdn.com/image/fetch/$s_!f94f!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 424w, https://substackcdn.com/image/fetch/$s_!f94f!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 848w, https://substackcdn.com/image/fetch/$s_!f94f!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!f94f!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0db5cad4-ee11-48ac-a0e7-bbfb1014af15_700x466.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Perplexity isn&#8217;t &#8220;another chatbot.&#8221;</p><p>It&#8217;s one of the few AI startups with a credible shot at owning the <strong>default interface for search</strong>: ask a question, get a synthesized answer, and see the sources.</p><p>And the market has been funding that thesis aggressively.</p><ul><li><p>In 2023, Perplexity raised a <strong>$25.6M Series A led by NEA</strong>, with participation from Databricks Ventures and a stacked group of top-tier angels.</p></li><li><p>In January 2024, it raised <strong>$73.6M led by IVP</strong>, with participation from Nvidia and Jeff Bezos.</p></li><li><p>By mid-2024, it raised roughly <strong>$250M at a ~$3B valuation</strong>, including SoftBank Vision Fund 2.</p></li><li><p>In December 2024, it reportedly closed a <strong>$500M round valuing the company at around $9B</strong>.</p></li><li><p>As of 2025, total capital raised has been reported at roughly <strong>$1.5B</strong>.</p></li><li><p>Recent fundraising discussions in 2025 suggested the company was at <strong>just under $100M ARR</strong>.</p></li></ul><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uoIS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uoIS!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 424w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 848w, 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data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:596,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:512683,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/182077878?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!uoIS!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 424w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 848w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 1272w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://openai.com/startups/&quot;,&quot;text&quot;:&quot;Join OpenAI for Startups&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://openai.com/startups/"><span>Join OpenAI for Startups</span></a></p><p>PMF is read by more than <strong>+1000 different VC firms &amp; tens of thousands of the fastest growing startup founders including multiple YC founders</strong>.<br><br>Want to put your company in front of them?</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://marketfit.media/sponsor#sponsorship-options&quot;,&quot;text&quot;:&quot;Sponsor PMF&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://marketfit.media/sponsor#sponsorship-options"><span>Sponsor PMF</span></a></p><div><hr></div><p><em>Trending right now: <strong><a href="https://www.productmarketfit.tech/p/the-10-excel-templates-every-saas">The 10 Excel Templates Every SaaS &amp; AI Founder Needs to Build, Survive, and Scale &#128293;</a>, <a href="https://www.productmarketfit.tech/p/the-family-office-list-of-lists-actively">The Family Office List of Lists&#128176; (2026)</a>, </strong></em><strong><a href="https://www.productmarketfit.tech/p/the-ultimate-ai-fundraising-copilot">&#128680; The Ultimate AI Fundraising Copilot (Built With Claude)</a></strong></p><div><hr></div><p>This isn&#8217;t just hype. It&#8217;s one of the fastest-scaling consumer AI products in the world, going directly after Google&#8217;s core behavior: search.</p><p>This issue opens up the hood of <strong>Perplexity&#8217;s December 2023 pitch deck.</strong></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!hNdI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!hNdI!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png 424w, 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data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:814,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1742218,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/189288060?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!hNdI!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png 424w, https://substackcdn.com/image/fetch/$s_!hNdI!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png 848w, https://substackcdn.com/image/fetch/$s_!hNdI!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png 1272w, https://substackcdn.com/image/fetch/$s_!hNdI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8225cfcc-0b16-4030-ac1a-ccaa6e43d5c3_4114x2299.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" 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href="https://substackcdn.com/image/fetch/$s_!wqz8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!wqz8!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 424w, https://substackcdn.com/image/fetch/$s_!wqz8!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 848w, https://substackcdn.com/image/fetch/$s_!wqz8!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 1272w, https://substackcdn.com/image/fetch/$s_!wqz8!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!wqz8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png" width="1456" height="821" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:821,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1173143,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/187644320?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!wqz8!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 424w, https://substackcdn.com/image/fetch/$s_!wqz8!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 848w, https://substackcdn.com/image/fetch/$s_!wqz8!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 1272w, https://substackcdn.com/image/fetch/$s_!wqz8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F47a14dce-a29d-479f-81a9-a69500d0b4c3_1794x1012.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><strong>Throxy</strong> raised <strong>$6.2M</strong>, led by <strong>Base10 Partners</strong> with participation from <strong>Y Combinator </strong>and a stacked group of operators, investors and angels <strong>(including myself!)</strong> who understand sales infrastructure at scale.</p><p><strong>This is the deck they used.</strong> And it&#8217;s <strong>exactly how early-stage decks should look.</strong></p><p>This isn&#8217;t another &#8220;AI SDR&#8221; company.</p><p>Throxy is building a fully-managed outbound system for B2B companies selling into manufacturing, logistics, and supply chain.</p><p>No SaaS, no internal SDRs.</p><p>They combine AI agents for prospecting and research with human operators for messaging and optimization, and deliver meetings directly into customers&#8217; calendars.</p><p><strong>And it&#8217;s already working:</strong></p><ul><li><p><strong>$&#129323;million ARR </strong></p></li><li><p><strong>$60K ACV</strong></p></li><li><p><strong>2-month CAC payback</strong></p></li><li><p><strong>16-day sales cycle</strong></p></li><li><p><strong>Profitable</strong></p></li><li><p><strong>Six-figure pipelines generated for 40+ companies in legacy sectors</strong></p></li></ul><p>Outbound has been broken for decades:<br><strong>Buy data &#8594; blast emails &#8594; burn the market &#8594; repeat.</strong></p><p>Throxy flipped the model.</p><p>They don&#8217;t sell software. They sell pipeline.</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Jpxe!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Jpxe!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Jpxe!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Jpxe!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Jpxe!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Jpxe!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!Jpxe!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Jpxe!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Jpxe!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Jpxe!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F65ae14eb-2bd6-4861-bd1c-c6f89ef5051c_1600x900.jpeg 1456w" sizes="100vw" loading="lazy" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>First impressions matter.</p><p>With Framer, early-stage founders can launch a beautiful, production-ready site in hours. No dev team, no hassle.</p><p>Join hundreds of YC-backed startups who launched here and never looked back.</p><p><strong>Pre-seed and seed-stage startups new to Framer can enjoy:</strong></p><ul><li><p><strong>One year free:</strong> Save $360 with a full year of Framer Pro, free for early-stage startups.</p></li><li><p><strong>No code, no delays:</strong> Launch a polished site in hours, not weeks, without hiring developers.</p></li><li><p><strong>Built to grow:</strong> Scale your site from MVP to full product with CMS, analytics, and AI localization.</p></li><li><p><strong>Join YC-backed founders:</strong> Hundreds of top startups are already building on Framer.</p></li></ul><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://framer.link/ProductMarketFit&quot;,&quot;text&quot;:&quot;Apply to claim your free year &#8594;&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://framer.link/ProductMarketFit"><span>Apply to claim your free year &#8594;</span></a></p><div><hr></div><p>PMF is read by more than <strong>+1000 different VC firms &amp; tens of thousands of the fastest growing startup founders including multiple YC founders</strong>.<br><br>Want to put your company in front of them?</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://marketfit.media/sponsor#sponsorship-options&quot;,&quot;text&quot;:&quot;Sponsor PMF&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://marketfit.media/sponsor#sponsorship-options"><span>Sponsor PMF</span></a></p><div><hr></div><h2>&#128218; Table of Contents</h2><ul><li><p>Slide 1: <strong>Throxy</strong></p></li><li><p>Slide 2: <strong>Founding Team</strong></p></li><li><p>Slide 3: <strong>Problem</strong> - The <strong>$770B</strong> Labor Inefficiency</p></li><li><p>Slide 4: <strong>Why AI SDRs Fail </strong></p></li><li><p>Slide 5: <strong>Focus</strong> - The <strong>Vertical Wedge Strategy</strong></p></li><li><p>Slide 6: <strong>Market</strong> - Replacing Headcount, Not Adding SaaS</p></li><li><p>Slide 7: <strong>Traction</strong> &amp; <strong>Unit Economics</strong> </p></li><li><p>Slide 8: <strong>Vision</strong></p><p></p></li></ul><blockquote><p><strong>Below is the full slide-by-slide breakdown o</strong>f how this deck sells a new category in outbound and why it resonated <em><strong>(and why I backed them after seeing their deck).</strong></em></p></blockquote><p>Access the full breakdown below &#128071;</p><div><hr></div><h1>EXCLUSIVE: Throxy&#8217;s 8-Slide Pitch Deck Breakdown <strong>&#128293;</strong></h1><h2>Slide 1/8: Throxy - &#8216;Sales need outcomes, not software&#8217;</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ndwg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ndwg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 424w, https://substackcdn.com/image/fetch/$s_!ndwg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 848w, https://substackcdn.com/image/fetch/$s_!ndwg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 1272w, https://substackcdn.com/image/fetch/$s_!ndwg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ndwg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png" width="1456" height="822" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:822,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:125797,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/187644320?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!ndwg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 424w, https://substackcdn.com/image/fetch/$s_!ndwg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 848w, https://substackcdn.com/image/fetch/$s_!ndwg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 1272w, https://substackcdn.com/image/fetch/$s_!ndwg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa8439be2-ecbb-44c6-88b0-de6f6aac126f_1818x1026.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Simple &amp; direct. Instantly clear.</p><p>This opening line reframes the entire category in one sentence.</p><p>They&#8217;re not selling an AI tool. They&#8217;re selling revenue outcomes.</p><p>That distinction matters. Most AI SDR startups compete on features. Throxy competes on results. When you shift from &#8220;software buyer&#8221; to &#8220;revenue owner,&#8221; pricing power and urgency increase immediately.</p><p><strong>Steal this:</strong> If your market is crowded, redefine what you&#8217;re selling in one sentence.</p><p></p><h2>Slide 2/8: Founding Team</h2>
      <p>
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          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[𝗧𝗵𝗲 $𝟲.𝟮𝗠 𝗡𝗼𝘇𝗼𝗺𝗶𝗼 𝗦𝗲𝗲𝗱 𝗗𝗲𝗰𝗸 💰 ]]></title><description><![CDATA[A slide-by-slide breakdown of the deck 17 year old Arlan Rakhmetzhanov used to raise $6.2M from top investors in the world]]></description><link>https://www.productmarketfit.tech/p/f57</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/f57</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Mon, 09 Feb 2026 16:50:40 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Etbi!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Etbi!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Etbi!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 424w, https://substackcdn.com/image/fetch/$s_!Etbi!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 848w, https://substackcdn.com/image/fetch/$s_!Etbi!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 1272w, https://substackcdn.com/image/fetch/$s_!Etbi!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Etbi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png" width="1456" height="781" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:781,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:510388,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/187384848?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Etbi!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 424w, https://substackcdn.com/image/fetch/$s_!Etbi!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 848w, https://substackcdn.com/image/fetch/$s_!Etbi!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 1272w, https://substackcdn.com/image/fetch/$s_!Etbi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5b81d5ed-fd3f-447f-971b-33a5d2e09cd6_1463x785.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>At just <strong>17 years old</strong>, <a href="https://www.linkedin.com/in/arlan-rakhmetzhanov/">Arlan Rakhmetzhano</a>v dropped out of high school, got into <strong>Y Combinator</strong>, built <a href="https://www.nozomio.com/">Nozomio</a> and raised a <strong>$6.2M seed round</strong> from some of the best investors in the world:</p><p>From <strong>CRV, BoxGroup, and LocalGlobe</strong>, with participation from <strong>Y Combinator</strong> and <strong>20VC Product</strong>, plus an absurd operator + angel lineup: <strong>Paul Graham (YC), Gustav S&#246;derstr&#246;m (Spotify CTO), Thomas Wolf (Hugging Face), Tomer Cohen (LinkedIn CPO), Jack Brody (Suno CPO), Geoff Charles (Ramp CPO)</strong> and operators from <strong>OpenAI, Google DeepMind, Databricks, Airbnb, and Microsoft</strong> (and yes, <strong>me</strong> too).</p><blockquote><p><em><strong>LocalGlobe is one of the most efficient seed investors in the world at producing unicorns</strong>: they&#8217;ve consistently ranked at the very top of &#8220;unicorn backer / unicorn hunter&#8221; lists (Dealroom rankings), basically making a business out of spotting $1B outcomes before they look obvious.</em></p></blockquote><p>And the most important part:</p><p>The deck shows <strong>real ARR growth</strong> &#8212; the kind that turns &#8220;interesting idea&#8221; into &#8220;we&#8217;re already winning.&#8221;</p><p>So how did a 17-year-old make that round happen?</p><p>That&#8217;s the core of the story:</p><ul><li><p><strong>$6.2M raised</strong></p></li><li><p><strong>from investors who rarely miss at seed (LocalGlobe + top-tier syndicate)</strong></p></li><li><p><strong>with ARR growth already moving in the right direction (in the deck)</strong></p></li></ul><p>So how did a 17-year-old convince that group (including me) to write the check?</p><p>He did it with a <strong>cracked 9-slide deck</strong>: one deeply correct insight about where agents actually break, plus enough traction to make it undeniable.</p><p>Below is the slide-by-slide breakdown and you can access the full Nozomio deck now via the free trial.</p><h3><strong>&#128293; Access now</strong></h3><p><strong>Access Nozomio&#8217;s Pitch Deck now with the <a href="https://www.productmarketfit.tech/bb9d2e4e">free trial</a> (no strings attached), or jump straight into premium if you&#8217;re ready for the full scoop of resources of PMF (stay up to date with the most successful startups&#8217; pitch decks, growth resources and more)&#128071;</strong></p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?coupon=8d8a067a&amp;utm_content=187384848&quot;,&quot;text&quot;:&quot;Get 40% off forever&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://www.productmarketfit.tech/subscribe?coupon=8d8a067a&amp;utm_content=187384848"><span>Get 40% off forever</span></a></p><div><hr></div><h1>EXCLUSIVE: NOZOMIO 9 Slide Pitch Deck Breakdown <strong>&#128293;</strong></h1><h2>Slide 1: Nozomio</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_T6v!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_T6v!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 424w, https://substackcdn.com/image/fetch/$s_!_T6v!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 848w, https://substackcdn.com/image/fetch/$s_!_T6v!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 1272w, https://substackcdn.com/image/fetch/$s_!_T6v!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_T6v!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png" width="1456" height="824" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:824,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:136327,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/187384848?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_T6v!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 424w, https://substackcdn.com/image/fetch/$s_!_T6v!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 848w, https://substackcdn.com/image/fetch/$s_!_T6v!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 1272w, https://substackcdn.com/image/fetch/$s_!_T6v!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8b25172a-161a-485a-83ae-499b426b3b58_2896x1638.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2>Slide 2: Team - Arlan</h2>
      <p>
          <a href="https://www.productmarketfit.tech/p/f57">
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   ]]></content:encoded></item><item><title><![CDATA[EXCLUSIVE: FLORA AI $42M SERIES A Pitch Deck ]]></title><description><![CDATA[The slide-by-slide blueprint behind FLORA&#8217;s $42M Series A]]></description><link>https://www.productmarketfit.tech/p/exclusive-flora-ai-42m-series-a-pitch</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/exclusive-flora-ai-42m-series-a-pitch</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Wed, 04 Feb 2026 14:53:23 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!fI0t!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F61e25f83-fbc9-44c7-8837-1a3ce5034348_1459x792.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!hrKM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!hrKM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!hrKM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!hrKM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!hrKM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!hrKM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/de644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;FLORA raises $42M Series A&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="FLORA raises $42M Series A" title="FLORA raises $42M Series A" srcset="https://substackcdn.com/image/fetch/$s_!hrKM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!hrKM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!hrKM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!hrKM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fde644c09-16fd-4436-9be9-4d77bf944ab3_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><strong><a href="https://flora.ai/">FLORA</a></strong> just closed a massive <strong>$42M Series A</strong>, led by <strong>Redpoint Ventures</strong> and with participation from Guillermo Rauch (Vercel), Emery Wells (Frame.io), and the founders of fal. </p><p>This brings  total capital raised to $52M, alongside existing investors including Mike Volpi at <strong>Hanabi Capital,</strong> Amy Wu Martin at <strong>Menlo Ventures,</strong> <strong>a16z speedrun</strong>, Long Journey, Company Ventures, <strong>Alumni Ventures</strong>, <strong>Justin Kan</strong> (founder of Twitch), Cyan Banister, Matthew Hartman at Factorial Capital, Gabe Whaley (founder of MSCHF), and more.</p><h2><strong>What attracted all these investors to FLORA?</strong></h2><p>Something simple: FLORA is trying to kill <strong>model-hopping forever.</strong></p><p>And <strong>their pitch deck is a blueprint for how to sell a new category.</strong></p><p>Because it doesn&#8217;t pitch &#8220;AI that makes art.&#8221;</p><p>It pitches <strong>workflow control at scale</strong>:</p><ul><li><p><strong>persistent brand assets</strong></p></li><li><p><strong>repeatable style across thousands of outputs</strong></p></li><li><p><strong>collaboration in real time</strong></p></li><li><p><strong>and a pricing model designed to spread inside teams</strong></p></li></ul><p>I met <a href="https://www.linkedin.com/in/weberwong/">Weber Wong</a> last year in a16z Speedrun and he was kind of sharing his deck with Product Market Fit. So I&#8217;ll let you be the judge of it!</p><h3><strong>&#128293; Access now</strong></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!fI0t!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F61e25f83-fbc9-44c7-8837-1a3ce5034348_1459x792.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!fI0t!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F61e25f83-fbc9-44c7-8837-1a3ce5034348_1459x792.png 424w, https://substackcdn.com/image/fetch/$s_!fI0t!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F61e25f83-fbc9-44c7-8837-1a3ce5034348_1459x792.png 848w, 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   ]]></content:encoded></item><item><title><![CDATA[The Deck that MITO AI used to raise $4.5M from early investors of Stripe, Anthropic & more (Lightspeed) 🔥]]></title><description><![CDATA[I tried to put in all of my money in this company... but they said no.]]></description><link>https://www.productmarketfit.tech/p/the-deck-that-mito-ai-used-to-raise</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-deck-that-mito-ai-used-to-raise</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Thu, 29 Jan 2026 16:15:00 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!HhMR!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!HhMR!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!HhMR!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 424w, https://substackcdn.com/image/fetch/$s_!HhMR!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 848w, https://substackcdn.com/image/fetch/$s_!HhMR!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 1272w, https://substackcdn.com/image/fetch/$s_!HhMR!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!HhMR!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png" width="1456" height="815" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:815,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:625568,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/186181423?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!HhMR!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 424w, https://substackcdn.com/image/fetch/$s_!HhMR!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 848w, https://substackcdn.com/image/fetch/$s_!HhMR!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 1272w, https://substackcdn.com/image/fetch/$s_!HhMR!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4ad3fc3c-435b-4bbf-a56b-2ccb1c2420b2_1834x1026.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>I invested in <strong>MITO AI</strong>.</p><p>This week, they announced a <strong>$4.5M pre-seed led by Lightspeed (early investor in companies like Snap Inc., Affirm, and Stripe)</strong>, with participation from Kibo, Kfund, Sequoia and a16z scouts, LifeX, and a group of operators you want on the cap table (unicorn founders, USV, Roblox, GitHub execs).</p><p>On paper, it&#8217;s &#8220;another AI video startup.&#8221;</p><p>In reality, the <strong>pitch deck tells a much more interesting story</strong>.</p><p>This isn&#8217;t about generating clips faster.<br>It&#8217;s about <strong>owning the creative workflow layer of the next Hollywood</strong>.</p><h2>The macro MITO is betting on (and why it&#8217;s right)</h2><div class="native-video-embed" data-component-name="VideoPlaceholder" data-attrs="{&quot;mediaUploadId&quot;:&quot;63a9ccd6-189c-4c09-aab7-e593410d45c1&quot;,&quot;duration&quot;:null}"></div><p>Video is becoming the dominant interface of the internet.</p><p>But the way we <em>make</em> video is still broken:</p><p>&#8226; Fragmented tools<br>&#8226; Linear workflows in a non-linear world<br>&#8226; AI bolted on as features, not as the system<br>&#8226; Collaboration that feels like emailing ZIP files in 2026</p><p>MITO&#8217;s core insight is simple but powerful:</p><blockquote><p><strong>AI won&#8217;t replace creators.<br>It will replace the friction between them.</strong></p></blockquote><p>And that&#8217;s exactly what the deck is built around.</p><h2>The shift you are missing</h2><p>AI video quality is no longer the constraint.</p><p>Runway, Veo, Kling, and others have crossed a real threshold. The models work. The outputs are good enough (sometimes shockingly so).</p><p>What&#8217;s broken is everything around them. Professional video creation today is:</p><ul><li><p>Across dozens of tools</p></li><li><p>Slow to iterate</p></li><li><p>Extremely hard to collaborate on</p></li><li><p>Almost impossible to manage at scale</p></li></ul><p>MITO starts from a different premise:</p><blockquote><p>If <strong>video is becoming software</strong>, then <strong>video creation needs a real operating system</strong>.</p></blockquote><p>Not another generator. Not another plugin. <strong>All-round infrastructure.</strong></p><h2>What MITO is <em>actually</em> building</h2><p>This deck does a great job avoiding hype language and focusing on structure.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!4Xu-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!4Xu-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png 424w, https://substackcdn.com/image/fetch/$s_!4Xu-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png 848w, https://substackcdn.com/image/fetch/$s_!4Xu-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png 1272w, https://substackcdn.com/image/fetch/$s_!4Xu-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!4Xu-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png" width="1089" height="707" 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https://substackcdn.com/image/fetch/$s_!4Xu-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png 848w, https://substackcdn.com/image/fetch/$s_!4Xu-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png 1272w, https://substackcdn.com/image/fetch/$s_!4Xu-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4559f84-da82-400a-a783-707ffc376c89_1089x707.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p><strong>MITO AI is not positioning itself as a &#8220;better AI video generator.&#8221;</strong></p><p>It&#8217;s building a <strong>browser-based, multiplayer, infinite canvas</strong> where the <em>entire</em> AI video workflow lives end-to-end.</p><p>Think less &#8220;Runway competitor&#8221;. More <strong>Figma &#215; Notion &#215; AI video orchestration</strong></p><p>MITO treats <strong>video creation as a coordinated system</strong>, not a sequence of isolated tools. Inside one environment, teams can:</p><p>&#8226; <strong>Moodboard</strong> &amp; set visual references<br>&#8226; Break ideas into <strong>storyboards</strong> and shots<br>&#8226; <strong>Script</strong> &amp; plan production<br>&#8226; Experiment with image, video, and audio models<br>&#8226; <strong>Collaborate</strong> and <strong>iterate in real time</strong><br>&#8226; Produce <strong>multi-format outputs</strong><br>&#8226; Keep creative control and <strong>consistency</strong></p><p>All while directing an <strong>AI copilot</strong> that executes specific actions, not vague prompts.</p><h2>How this actually works in practice (short walkthrough of MITO)</h2><div class="native-video-embed" data-component-name="VideoPlaceholder" data-attrs="{&quot;mediaUploadId&quot;:&quot;e3278965-cc12-4981-9808-8982f19c5bf2&quot;,&quot;duration&quot;:null}"></div><p>This is where I stop feeling like this is a cool demo and start feeling that this is genuinely wild.</p><p>Everything just&#8230; stays together. Ideas, shots, assets, iterations, theyre all in one place, with the team, in real time.</p><p>Could be just me, but after watching this it&#8217;s hard not to think:<br><strong>&#8221;</strong><em><strong>oh sh*t, this is how video is going to be made.&#8221;</strong></em></p><h2>The Insane Deck MITO Used to Raise $4.5M &#128293;</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!bKiX!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!bKiX!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 424w, https://substackcdn.com/image/fetch/$s_!bKiX!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 848w, https://substackcdn.com/image/fetch/$s_!bKiX!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!bKiX!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!bKiX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg" width="1456" height="857" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:857,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:125580,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/186181423?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!bKiX!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 424w, https://substackcdn.com/image/fetch/$s_!bKiX!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 848w, https://substackcdn.com/image/fetch/$s_!bKiX!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!bKiX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5e69f2c-5d74-4778-8d06-27bb100da4f1_1600x942.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>MITO just raised a <strong>$4.5M pre-seed led by Lightspeed</strong>, four months after founding.</p><p>If you&#8217;re building in AI, creative tools, or infra, this is as good as it gets, and its definitely worth reading closely.</p><h3>&#128293; Access Now:</h3><p>Get your premium access now and together with the MITO deck, get the pitch decks from the world&#8217;s top AI companies, including <strong><a href="https://www.productmarketfit.tech/p/the-5-internal-decks-where-openai?r=2m1cm3&amp;utm_campaign=post&amp;utm_medium=web">OpenAI</a></strong>, <strong><a 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   ]]></content:encoded></item><item><title><![CDATA[Anthropic Pitch Deck: This 10 Slides Predicted a $350,000,000,000 Company]]></title><description><![CDATA[The complete Anthropic pitch deck, broken down slide by sli]]></description><link>https://www.productmarketfit.tech/p/anthropic-pitch-deck-this-10-slides</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/anthropic-pitch-deck-this-10-slides</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Wed, 28 Jan 2026 18:29:37 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!XIfA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Most AI pitch decks try to impress you with the future.</p><p>This one tried to <strong>convince you the company deserved to exist</strong>.</p><p>And in hindsight, it&#8217;s one of the cleanest examples of &#8220;positioning as strategy&#8221; in modern tech.</p><p><strong>If you&#8217;re building in AI (or investing in it), this deck is a masterclass in how to:</strong></p><ul><li><p>win trust before you win distribution</p></li><li><p>turn &#8220;safety&#8221; into a product moat</p></li><li><p>raise institutional capital for a research-heavy business</p></li><li><p>sell inevitability without hype</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Zrc_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Zrc_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 424w, https://substackcdn.com/image/fetch/$s_!Zrc_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 848w, https://substackcdn.com/image/fetch/$s_!Zrc_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 1272w, https://substackcdn.com/image/fetch/$s_!Zrc_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Zrc_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png" width="727" height="565.0054347826087" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:429,&quot;width&quot;:552,&quot;resizeWidth&quot;:727,&quot;bytes&quot;:197178,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/186105778?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Zrc_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 424w, https://substackcdn.com/image/fetch/$s_!Zrc_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 848w, https://substackcdn.com/image/fetch/$s_!Zrc_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 1272w, https://substackcdn.com/image/fetch/$s_!Zrc_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F173182cf-0a69-4eb5-90d3-c2bf7e1a701a_552x429.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>Why this deck matters <em>now</em> (the $350B hindsight layer)</h3><p>In January 2026, reports emerged that Anthropic <strong>doubled its fundraising target from $10B to $20B</strong>, with an implied valuation of <strong>~$350B</strong>.</p><p>That number sounds absurd until you reread the deck.</p><p>Then it starts to feel&#8230; consistent.</p><p>This isn&#8217;t a company that &#8220;accidentally&#8221; became valuable.</p><p>This is a company that <strong>designed itself early to absorb massive institutional capital</strong>.</p><p>The deck explains <em>why</em> the market is even willing to write checks of this size.(Deck referenced throughout: Feb 2023 Anthropic pitch deck.)</p><h2>Slide-by-slide: what Anthropic is really selling</h2><h3><strong>Slide 1: &#8220;Anthropic, PBC&#8221; and named leadership</strong></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!XIfA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!XIfA!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 424w, https://substackcdn.com/image/fetch/$s_!XIfA!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 848w, https://substackcdn.com/image/fetch/$s_!XIfA!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 1272w, https://substackcdn.com/image/fetch/$s_!XIfA!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!XIfA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:849306,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/186105778?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!XIfA!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 424w, https://substackcdn.com/image/fetch/$s_!XIfA!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 848w, https://substackcdn.com/image/fetch/$s_!XIfA!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 1272w, https://substackcdn.com/image/fetch/$s_!XIfA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78e371c9-6edc-480a-8e31-d2c680af6c8b_2368x1332.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div>
      <p>
          <a href="https://www.productmarketfit.tech/p/anthropic-pitch-deck-this-10-slides">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[The $70B+ Funding Pitch Decks 🔥 OpenAI, Anthropic, DeepMind, Perplexity & Mistral ]]></title><description><![CDATA[How OpenAI, DeepMind, Anthropic, Perplexity and Mistral explain the future and where Yann LeCun fundamentally disagrees]]></description><link>https://www.productmarketfit.tech/p/the-70b-funding-pitch-decks-openai</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-70b-funding-pitch-decks-openai</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Wed, 21 Jan 2026 18:54:35 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!7A1R!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!7A1R!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!7A1R!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 424w, https://substackcdn.com/image/fetch/$s_!7A1R!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 848w, https://substackcdn.com/image/fetch/$s_!7A1R!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 1272w, https://substackcdn.com/image/fetch/$s_!7A1R!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!7A1R!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png" width="727" height="408.8163333333333" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1687,&quot;width&quot;:3000,&quot;resizeWidth&quot;:727,&quot;bytes&quot;:3403029,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/185295134?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e4df830-3261-4f71-bb19-ed6944a1c1e5_3000x2000.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!7A1R!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 424w, https://substackcdn.com/image/fetch/$s_!7A1R!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 848w, https://substackcdn.com/image/fetch/$s_!7A1R!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 1272w, https://substackcdn.com/image/fetch/$s_!7A1R!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff5e5dd83-f47f-46d2-9c4e-7428a6763d24_3000x1687.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2>The Big 5 of AI &amp; their $70B+ Funding Pitch Decks </h2><p>If you want to understand where AI is actually going, don&#8217;t start with benchmarks or launch blogs. Start with how the builders <strong>explain their </strong><em><strong>own</strong></em><strong> work, in their </strong><em><strong>own</strong></em><strong> words and how they raised BILLIONS of $$$</strong>.</p><p>Get <strong>full access to the Original Pitch Decks</strong> from:</p><ul><li><p><em><strong>OpenAI</strong></em></p></li><li><p><em><strong>DeepMind</strong></em></p></li><li><p><em><strong>Anthropic</strong></em></p></li><li><p><em><strong>Perplexity</strong></em></p></li><li><p><em><strong>Mistral</strong></em></p></li></ul><p>Together, these companies have raised <strong>~$70B+ in capital</strong> and represent <strong>five fundamentally different bets</strong> on how AI should be built.</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uoIS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uoIS!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 424w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 848w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 1272w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uoIS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png" width="1456" height="596" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:596,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:512683,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:&quot;&quot;,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/182077878?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!uoIS!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 424w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 848w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 1272w, https://substackcdn.com/image/fetch/$s_!uoIS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc76d65be-0c91-4e32-8e70-01093ecd5dca_5872x2403.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" 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   ]]></content:encoded></item><item><title><![CDATA[The 5 Internal Decks Where OpenAI Planned AGI]]></title><description><![CDATA[5 internal OpenAI decks (2017&#8211;2020) that show how AGI was planned years before the breakthrough]]></description><link>https://www.productmarketfit.tech/p/the-5-internal-decks-where-openai</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-5-internal-decks-where-openai</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Tue, 20 Jan 2026 16:54:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!qgu_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!qgu_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!qgu_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 424w, https://substackcdn.com/image/fetch/$s_!qgu_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 848w, https://substackcdn.com/image/fetch/$s_!qgu_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 1272w, https://substackcdn.com/image/fetch/$s_!qgu_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!qgu_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png" width="1456" height="808" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:808,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:177920,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/185179361?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!qgu_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 424w, https://substackcdn.com/image/fetch/$s_!qgu_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 848w, https://substackcdn.com/image/fetch/$s_!qgu_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 1272w, https://substackcdn.com/image/fetch/$s_!qgu_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4d564a5b-ce72-4c87-a26c-427ce97994a5_1574x874.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>OpenAI was built with a clear purpose: &#8220;<strong>Build safe AGI&#8221;.</strong></p><p>Since 2017, the company has experienced growth like nothing before, changing the world and with one breakthrough after another one.</p><p>Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: <strong>$2B ARR in 2023, $6B in 2024, and $20B+ in 2025</strong>. </p><p><strong>This is never-before-seen growth at such scale.</strong></p><p><strong>In today&#8217;s newsletter, we curated something indedited:</strong></p><h2>From 2017 to 2020, the decks internal decks of OpenAI</h2><ul><li><p><strong>2017</strong><br>AI is fragile and dangerous by default. Alignment is the bottleneck.</p></li><li><p><strong>Early 2018</strong><br>Reinforcement learning and scale start to work in complex environments.</p></li><li><p><strong>September 2018</strong><br>OpenAI locks its mission: build safe AGI and distribute the benefits.</p></li><li><p><strong>2019</strong><br>Systems outperform humans in games and simulated worlds.</p></li><li><p><strong>2020</strong><br>Large generative models + large-scale RL unlock general capability.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!i34j!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!i34j!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 424w, https://substackcdn.com/image/fetch/$s_!i34j!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 848w, https://substackcdn.com/image/fetch/$s_!i34j!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 1272w, https://substackcdn.com/image/fetch/$s_!i34j!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!i34j!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png" width="1456" height="1725" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1725,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1475002,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/185179361?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9b1dafbe-cc31-4425-86c4-110a71bd86e9_2000x3000.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!i34j!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 424w, https://substackcdn.com/image/fetch/$s_!i34j!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 848w, https://substackcdn.com/image/fetch/$s_!i34j!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 1272w, https://substackcdn.com/image/fetch/$s_!i34j!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0c74c22b-5bcd-4928-b476-1890ad2ae409_2000x2369.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>These decks show:</p><ul><li><p>How AI thinking shifted from <strong>narrow tasks to general systems</strong></p></li><li><p>Why <strong>scale</strong> became inevitable, not optional</p></li><li><p>When language models stopped being experiments and became foundations</p></li><li><p>Why safety, alignment, and deployment were treated as first-order problems</p></li><li><p>How OpenAI&#8217;s scope expanded from a small research lab to a platform shaping an entire industry</p></li></ul><blockquote><p><em><strong>This growth wasn&#8217;t accidental. It tracks almost perfectly with the ideas in the decks: the shift to scale, the focus on general systems, the bet on language models, and the long-term AGI mission locked in years earlier.</strong></em></p></blockquote><div><hr></div><p>Launch fast. Design beautifully. Build your startup on Framer &#8212; free for your first year</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!NXmY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!NXmY!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 424w, https://substackcdn.com/image/fetch/$s_!NXmY!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 848w, https://substackcdn.com/image/fetch/$s_!NXmY!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 1272w, https://substackcdn.com/image/fetch/$s_!NXmY!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!NXmY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:4319640,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/185179361?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!NXmY!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 424w, https://substackcdn.com/image/fetch/$s_!NXmY!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 848w, https://substackcdn.com/image/fetch/$s_!NXmY!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 1272w, https://substackcdn.com/image/fetch/$s_!NXmY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F10d5998d-4d09-4ed9-a750-ca540f295232_3758x2114.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>First impressions matter. With Framer, early-stage founders can launch a beautiful, production-ready site in hours. No dev team, no hassle. Join hundreds of YC-backed startups who launched here and never looked back.</p><p><strong>Pre-seed and seed-stage startups new to Framer can enjoy:</strong></p><ul><li><p><strong>One year free:</strong> Save $360 with a full year of Framer Pro, free for early-stage startups</p></li><li><p><strong>No code, no delays:</strong> Launch a polished site in hours, not weeks, without hiring developers</p></li><li><p><strong>Built to grow:</strong> Scale your site from MVP to full product with CMS, analytics, and AI localization</p></li><li><p><strong>Join YC-backed founders:</strong> Hundreds of top startups are already building on Framer</p></li></ul><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://framer.link/ProductMarketFit&quot;,&quot;text&quot;:&quot;Apply to claim your free year&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://framer.link/ProductMarketFit"><span>Apply to claim your free year</span></a></p><p><em>Sponsor Product Market Fit &amp; get your product in front of thousands of founders worldwide? <strong>Reach out to g@guillermoflor.com</strong></em></p><p><em>Trending right now: <strong><a href="https://www.productmarketfit.tech/p/the-data-room-template-vcs-love-c05">The Data Room Template VCs love</a>,</strong></em><strong> </strong><em><strong><a href="https://www.productmarketfit.tech/p/27-most-promising-ai-startup-pitch">27 Most Promising AI Startup Pitch Decks Backed by Top Investors in 2025</a>, </strong></em></p><div><hr></div><p>Here you go, enjoy &#128293;</p><h2><strong>&#128274; Premium: Access the original OpenAI decks</strong></h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!YijI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!YijI!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 424w, https://substackcdn.com/image/fetch/$s_!YijI!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 848w, https://substackcdn.com/image/fetch/$s_!YijI!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 1272w, https://substackcdn.com/image/fetch/$s_!YijI!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!YijI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png" width="1456" height="795" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:795,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:513494,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/185179361?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!YijI!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 424w, https://substackcdn.com/image/fetch/$s_!YijI!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 848w, https://substackcdn.com/image/fetch/$s_!YijI!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 1272w, https://substackcdn.com/image/fetch/$s_!YijI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F343458f6-62b7-48a9-a04c-71b3ba4b11d9_1560x852.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div>
      <p>
          <a href="https://www.productmarketfit.tech/p/the-5-internal-decks-where-openai">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[Revolut’s Seed Pitch Deck (2015): The £1.5M Slides That Created £75B]]></title><description><![CDATA[The original Revolut seed pitch deck + a practical teardown of the pitch strategy behind Revolut&#8217;s seed round]]></description><link>https://www.productmarketfit.tech/p/revoluts-seed-pitch-deck-2015-the</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/revoluts-seed-pitch-deck-2015-the</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Fri, 16 Jan 2026 16:37:32 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/ccd86a17-1cf1-449d-b20a-168eae7dbea1_1949x1297.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Hey PMF crew &#128075;</p><p>Today we&#8217;re going back to 2015.</p><p>Before Revolut was Europe&#8217;s most valuable fintech.<br>Before $75B secondaries.<br>Before 40M users, $500M+ in profits, and billions sitting on the balance sheet.</p><p>Back when it was <strong>4,800 users, a handful of slides, and a &#163;1.5M seed round</strong>.</p><p>This is a teardown of <strong>Revolut&#8217;s original seed pitch deck</strong>, the one that convinced <strong>Balderton Capital</strong> and <strong>Seedcamp</strong> to back two founders solving what looked like a very &#8220;small&#8221; problem: hidden FX fees.</p><blockquote><p>Read the investor&#8217;s perspective at: </p><p>&#128073;<a href="https://www.productmarketfit.tech/p/the-revolut-investors-who-won-big"> </a><em><strong><a href="https://www.productmarketfit.tech/p/the-revolut-investors-who-won-big">The Revolut Investors Who Won Big: Balderton&#8217;s Billions, Crowdcube&#8217;s Millionaires, and the Secret Angel List</a></strong></em></p><p>And why this deck matters more than almost any other in European startup history.</p></blockquote><div><hr></div><h2>Revolut at Seed Stage: Context That Changes Everything</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!lOSg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!lOSg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!lOSg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!lOSg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!lOSg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!lOSg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;CEO of Revolut, Nikolay Storonsky on the next big thing in FinTech | IFGS  2018&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="CEO of Revolut, Nikolay Storonsky on the next big thing in FinTech | IFGS  2018" title="CEO of Revolut, Nikolay Storonsky on the next big thing in FinTech | IFGS  2018" srcset="https://substackcdn.com/image/fetch/$s_!lOSg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!lOSg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!lOSg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!lOSg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527f8449-60a9-4a3f-a01b-0514a107ea3f_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Let&#8217;s anchor the moment.</p><ul><li><p>Year: <strong>2015</strong></p></li><li><p>Product: FX-friendly prepaid card for travelers</p></li><li><p>Users: <strong>~4,800</strong></p></li><li><p>Revenue: basically nothing</p></li><li><p>Founder capital: <strong>&#163;300k of Nik Storonsky&#8217;s own savings</strong></p></li><li><p>Round: <strong>&#163;1.5M seed</strong></p></li><li><p>Valuation: <strong>~&#163;8M</strong></p></li></ul><p>Investors:</p><ul><li><p><strong>Balderton Capital (lead)</strong></p></li><li><p>Seedcamp</p></li><li><p>Giano Capital</p></li><li><p>AMK Investment Office</p></li></ul><p>What&#8217;s wild is not just how early this was.<br>It&#8217;s <strong>how un-flashy the deck actually is</strong>.</p><p>No grand AI narrative.<br>No &#8220;super app of finance&#8221; vision yet.<br>No massive TAM gymnastics.</p><p>Just a brutally clear wedge.</p><h2>What the Revolut Seed Deck Actually Did (And Didn&#8217;t Do)</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!UGlz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!UGlz!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 424w, https://substackcdn.com/image/fetch/$s_!UGlz!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 848w, https://substackcdn.com/image/fetch/$s_!UGlz!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!UGlz!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!UGlz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg" width="1024" height="772" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/dde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:772,&quot;width&quot;:1024,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Image&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Image" title="Image" srcset="https://substackcdn.com/image/fetch/$s_!UGlz!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 424w, https://substackcdn.com/image/fetch/$s_!UGlz!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 848w, https://substackcdn.com/image/fetch/$s_!UGlz!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!UGlz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdde3ba58-3402-42d6-8267-d21c0421d237_1024x772.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Access Revolut&#8217;s full Seed Pitch Deck + its breakdown with the PMF paid subscription!</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?coupon=8d8a067a&amp;utm_content=184783823&quot;,&quot;text&quot;:&quot;Get 40% off forever&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.productmarketfit.tech/subscribe?coupon=8d8a067a&amp;utm_content=184783823"><span>Get 40% off forever</span></a></p>
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   ]]></content:encoded></item><item><title><![CDATA[LEAKED: The deck Yann LeCun’s startup is using to raise €500m at €3bn valuation]]></title><description><![CDATA[A breakdown of the ideas behind the deck Meta&#8217;s former chief AI scientist is using to raise &#8364;500M]]></description><link>https://www.productmarketfit.tech/p/leaked-the-deck-yann-lecuns-startup</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/leaked-the-deck-yann-lecuns-startup</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Tue, 13 Jan 2026 12:06:31 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!x6Nn!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!x6Nn!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!x6Nn!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 424w, https://substackcdn.com/image/fetch/$s_!x6Nn!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 848w, https://substackcdn.com/image/fetch/$s_!x6Nn!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 1272w, https://substackcdn.com/image/fetch/$s_!x6Nn!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!x6Nn!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png" width="1456" height="818" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:818,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1467430,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/184423224?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!x6Nn!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 424w, https://substackcdn.com/image/fetch/$s_!x6Nn!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 848w, https://substackcdn.com/image/fetch/$s_!x6Nn!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 1272w, https://substackcdn.com/image/fetch/$s_!x6Nn!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb07cfd92-7846-48df-a8ea-5dd43c7aab1f_2152x1209.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Last month, <strong>Yann LeCun</strong> publicly announced he&#8217;s leaving Meta to launch a new AI startup focused on <em>world models</em>.</p><p>According to reporting by the Financial Times and Sifted, the company (AMI Labs) is in talks to raise <strong>&#8364;500M at around a &#8364;3B valuation</strong>, with a global research footprint and a clear mission: build AI systems that understand the physical world, not just language.</p><p>That part is public.</p><p>What&#8217;s less public is how LeCun and his team are thinking about <em>why</em> the current AI paradigm won&#8217;t get us there &#8212; and what they believe replaces it.</p><p>The fundraising deck for this round has been circulating privately. It&#8217;s clearly confidential, so I won&#8217;t publish it or quote from it directly. </p><p>But I&#8217;ve reviewed how the thesis is framed, and it&#8217;s one of the clearest explanations I&#8217;ve seen of how top AI researchers see the next phase of AI unfolding.</p><p>Here&#8217;s what you need to know.</p>
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          <a href="https://www.productmarketfit.tech/p/leaked-the-deck-yann-lecuns-startup">
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   ]]></content:encoded></item><item><title><![CDATA[Figma’s 2013 Pitch Deck: How a Demo Beat a Business Model]]></title><description><![CDATA[Inside Figma&#8217;s $3.8M seed deck: the demo-first pitch that convinced investors pre-revenue]]></description><link>https://www.productmarketfit.tech/p/figmas-2013-pitch-deck-how-a-demo</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/figmas-2013-pitch-deck-how-a-demo</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Mon, 12 Jan 2026 16:12:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!TpYU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Most pitch decks try to explain a future.</p><p>Figma&#8217;s 2013 deck did the opposite.<br>It <strong>proved</strong> the future already worked.</p><p>Before revenue.<br>Before a real product.<br>Before a market existed.</p><p>That deck raised <strong>$3.8M</strong> and changed how modern software is built.</p><h2>The origin story (what most people forget)</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!0bbb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!0bbb!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 424w, https://substackcdn.com/image/fetch/$s_!0bbb!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 848w, https://substackcdn.com/image/fetch/$s_!0bbb!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!0bbb!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!0bbb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg" width="800" height="598" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:598,&quot;width&quot;:800,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Two young men sit in a dorm hallway, chatting with laptops on their laps, smiling animatedly.&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Two young men sit in a dorm hallway, chatting with laptops on their laps, smiling animatedly." title="Two young men sit in a dorm hallway, chatting with laptops on their laps, smiling animatedly." srcset="https://substackcdn.com/image/fetch/$s_!0bbb!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 424w, https://substackcdn.com/image/fetch/$s_!0bbb!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 848w, https://substackcdn.com/image/fetch/$s_!0bbb!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!0bbb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3c4c066d-dc95-41b7-affe-39357510b842_800x598.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Figma started in 2012, when <strong>Dylan Field</strong> and <strong>Evan Wallace</strong> were computer science students at Brown University.</p><p>Their initial insight wasn&#8217;t <em>&#8220;design tools are broken.&#8221;</em><br>It was more fundamental:</p><blockquote><p><strong>Creativity shouldn&#8217;t require installing software.</strong></p></blockquote><p>They believed the browser itself could become the creative canvas.</p><p>At the time, this sounded borderline delusional:</p><ul><li><p>Browsers were slow</p></li><li><p>WebGL was immature</p></li><li><p>&#8220;Real&#8221; creative tools lived on the desktop</p></li></ul><p>But instead of pitching slides about why this might work one day&#8230;</p><p>They built demos.</p><h2>What the 2013 &#8220;deck&#8221; actually looked like</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!TpYU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!TpYU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 424w, https://substackcdn.com/image/fetch/$s_!TpYU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 848w, https://substackcdn.com/image/fetch/$s_!TpYU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 1272w, https://substackcdn.com/image/fetch/$s_!TpYU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!TpYU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png" width="1456" height="969" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:969,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:103784,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/184328365?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!TpYU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 424w, https://substackcdn.com/image/fetch/$s_!TpYU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 848w, https://substackcdn.com/image/fetch/$s_!TpYU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 1272w, https://substackcdn.com/image/fetch/$s_!TpYU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F08a82f80-7932-4a38-82f7-4f943ce6f846_1949x1297.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Calling it a &#8220;pitch deck&#8221; is generous.</p><p>There were only a few traditional slides.<br>The rest of the pitch was <strong>live demonstrations</strong> of what they had already built in the browser:</p><ul><li><p>A real-time <strong>interactive 3D sphere floating in water</strong></p></li><li><p>A <strong>browser-based Photoshop-like editor</strong></p></li><li><p><strong>Poisson blending</strong> and advanced image manipulation</p></li><li><p><strong>Image matting</strong></p></li><li><p>Real-time <strong>color transformation</strong></p></li><li><p>High-performance graphics rendering inside the browser</p></li></ul><p>No revenue model slides.<br>No TAM gymnastics.<br>No growth charts.</p><p>Just one message:</p><blockquote><p><em>&#8220;This shouldn&#8217;t be possible in a browser&#8230; but it already is.&#8221;</em></p></blockquote><p>That was the pitch.</p><h2>The outcome (why this deck matters)</h2><p>As of 2024:</p><ul><li><p>Figma has raised <strong>$749M across 8 rounds</strong></p></li><li><p>Supports <strong>4M+ active users</strong></p></li><li><p>Expanded into <strong>FigJam</strong>, <strong>Figma Slides</strong>, and more</p></li><li><p>Expected to surpass <strong>$400M ARR</strong> with ~<strong>90% gross margins</strong></p></li></ul><p>In 2022, <strong>Adobe</strong> announced a <strong>$20B acquisition</strong> of Figma.</p><p>Later this year, Figma went public at a <strong>$19.3 billion</strong> valuation.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!BvPk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!BvPk!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 424w, https://substackcdn.com/image/fetch/$s_!BvPk!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 848w, https://substackcdn.com/image/fetch/$s_!BvPk!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!BvPk!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!BvPk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Figma's stock soared in its highly anticipated IPO, market cap instantly  hit $45B | PRODUCT MARKET FIT&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Figma's stock soared in its highly anticipated IPO, market cap instantly  hit $45B | PRODUCT MARKET FIT" title="Figma's stock soared in its highly anticipated IPO, market cap instantly  hit $45B | PRODUCT MARKET FIT" srcset="https://substackcdn.com/image/fetch/$s_!BvPk!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 424w, https://substackcdn.com/image/fetch/$s_!BvPk!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 848w, https://substackcdn.com/image/fetch/$s_!BvPk!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!BvPk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8c1e2308-d678-4917-827b-610229aa402f_7412x4941.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2>&#128274; Premium: Access the original Figma 2013 pitch deck</h2>
      <p>
          <a href="https://www.productmarketfit.tech/p/figmas-2013-pitch-deck-how-a-demo">
              Read more
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   ]]></content:encoded></item><item><title><![CDATA[The Ultimate Healthcare AI Pitch Deck Vault 🔥 (21 TOP VC-Backed Decks)]]></title><description><![CDATA[How the best healthcare founders pitch, think, and raise millions in 2026]]></description><link>https://www.productmarketfit.tech/p/the-ultimate-healthcare-ai-pitch</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-ultimate-healthcare-ai-pitch</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Sun, 11 Jan 2026 17:27:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!dUfB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dUfB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dUfB!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 424w, https://substackcdn.com/image/fetch/$s_!dUfB!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 848w, https://substackcdn.com/image/fetch/$s_!dUfB!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 1272w, https://substackcdn.com/image/fetch/$s_!dUfB!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!dUfB!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png" width="1456" height="971" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:971,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:755560,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/184204701?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dUfB!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 424w, https://substackcdn.com/image/fetch/$s_!dUfB!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 848w, https://substackcdn.com/image/fetch/$s_!dUfB!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 1272w, https://substackcdn.com/image/fetch/$s_!dUfB!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4c15ce24-c037-486f-9d3c-54df92fe0e22_3000x2000.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>A rare chance to study how elite healthcare AI startups raise capital<em><strong> (in the 10s of millions)</strong></em></h3><p>Welcome back to <strong>Product Market Fit</strong> &#128293;</p><p>Healthcare is one of the hardest markets in the world to build a startup.</p><ul><li><p>Long sales cycles.</p></li><li><p>Regulation.</p></li><li><p>Clinical risk.</p></li><li><p>Broken incentives.</p></li><li><p>Slow buyers.</p></li></ul><p>Which is exactly why <strong>great healthcare pitch decks are incredibly rare &#8212; and incredibly valuable</strong>.</p><p>Today, I&#8217;m sharing <strong>21 real healthcare AI pitch decks</strong> from startups that raised VC funding in 2025.</p><p>These are not templates.<br>Not polished examples made for the internet.<br>These are the <strong>actual decks founders used to convince top-tier investors to say yes</strong>.</p><p>Some of these companies are already category leaders.<br>Others are early &#8212; but all are building toward <strong>massive, defensible outcomes in healthcare</strong>.</p><h3>Why healthcare pitch decks are different:</h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!xYMb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!xYMb!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 424w, https://substackcdn.com/image/fetch/$s_!xYMb!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 848w, https://substackcdn.com/image/fetch/$s_!xYMb!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 1272w, https://substackcdn.com/image/fetch/$s_!xYMb!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!xYMb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png" width="892" height="635" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:635,&quot;width&quot;:892,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:256742,&quot;alt&quot;:&quot;&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/184204701?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!xYMb!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 424w, https://substackcdn.com/image/fetch/$s_!xYMb!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 848w, https://substackcdn.com/image/fetch/$s_!xYMb!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 1272w, https://substackcdn.com/image/fetch/$s_!xYMb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04b90b2b-cd96-4f2f-af0c-e426b89483ff_892x635.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>In healthcare, you can&#8217;t just pitch vision.</p><p>You have to explain:</p><ul><li><p>Why the problem is urgent <em>now</em></p></li><li><p>Why incumbents can&#8217;t solve it</p></li><li><p>Who actually buys the product and why <em>(aligned incentives, usually the ones who pay are not the ones who feel the pain)</em></p></li><li><p>How regulation, data, and workflows are navigated</p></li><li><p>Why <em>this</em> team is uniquely qualified to win</p></li></ul><p>The founders in these decks don&#8217;t avoid complexity, they <strong>use it as a moat</strong>.</p><p>That&#8217;s what makes these decks such a powerful learning tool.</p><div><hr></div><h1><strong>What&#8217;s Inside</strong></h1><div class="native-video-embed" data-component-name="VideoPlaceholder" data-attrs="{&quot;mediaUploadId&quot;:&quot;b2ca82a0-0774-4e56-8e58-fa68c1ffb06b&quot;,&quot;duration&quot;:null}"></div><p>Inside the vault, you&#8217;ll find <strong>21 healthcare-focused AI pitch decks</strong>, covering:</p><ul><li><p><strong>Clinical workflow automation</strong><br>(documentation, triage, care coordination)</p></li><li><p><strong>AI diagnostics &amp; decision support</strong></p></li><li><p><strong>Revenue cycle &amp; administrative automation</strong></p></li><li><p><strong>Provider enablement &amp; workforce tools</strong></p></li><li><p><strong>Patient-facing AI &amp; care navigation</strong></p></li><li><p><strong>Healthcare data, infrastructure &amp; interoperability</strong></p></li></ul><p>Every deck in this collection is:</p><ul><li><p>Built by founders who deeply understand healthcare</p></li><li><p>Designed to survive real VC diligence</p></li><li><p>Backed by <strong>top-tier investors</strong> (a16z, Sequoia, Greylock, Bain, Point72, and peers)</p></li></ul><h1><strong>Why Accessing These Decks Gives You an Edge</strong></h1><h3><strong>1. You learn how elite AI founders think</strong></h3><p>You see how they explain the technical insight behind the company, how they show the scale of the problem, and how they position themselves as the team that will win.</p><h3><strong>2. You understand what top VCs say yes to</strong></h3><p>These decks reveal the type of traction that matters, the clarity VCs want, the level of ambition expected and the way founders justify why their product must exist now.</p><h3><strong>3. You see the future of AI before everyone else</strong></h3><p>From agent pipelines to healthcare automation to LLM ops to AI-native ad networks to the next generation of voice and video. This vault is a map of the next decade of AI.</p><div><hr></div><blockquote><p>Still a free subscriber? Upgrading to a <a href="https://www.productmarketfit.tech/subscribe?coupon=b9c3ed54">premium subscription</a> will give you access not only to these invaluable post but also to the entire archive of articles published on Product Market Fit. You&#8217;ll gain insights, resources, and strategies that have already helped hundreds of founders</p></blockquote><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?coupon=0d333a46&amp;utm_content=184204701&quot;,&quot;text&quot;:&quot;Get 30% off forever&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="https://www.productmarketfit.tech/subscribe?coupon=0d333a46&amp;utm_content=184204701"><span>Get 30% off forever</span></a></p>
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   ]]></content:encoded></item><item><title><![CDATA[27 Most Promising AI Startup Pitch Decks Backed by Top Investors in 2025]]></title><description><![CDATA[Study the narratives, ideas and ambition behind the fastest-funded AI startups]]></description><link>https://www.productmarketfit.tech/p/27-most-promising-ai-startup-pitch</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/27-most-promising-ai-startup-pitch</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Sun, 30 Nov 2025 14:10:55 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!eQKl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h3><em>A rare chance to study how the smartest AI founders pitch, think and raise millions</em></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!cWJQ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!cWJQ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 424w, https://substackcdn.com/image/fetch/$s_!cWJQ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 848w, https://substackcdn.com/image/fetch/$s_!cWJQ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 1272w, https://substackcdn.com/image/fetch/$s_!cWJQ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!cWJQ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png" width="1456" height="848" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:848,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:338719,&quot;alt&quot;:&quot;Most promising AI startups&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/180314902?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Most promising AI startups" title="Most promising AI startups" srcset="https://substackcdn.com/image/fetch/$s_!cWJQ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 424w, https://substackcdn.com/image/fetch/$s_!cWJQ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 848w, https://substackcdn.com/image/fetch/$s_!cWJQ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 1272w, https://substackcdn.com/image/fetch/$s_!cWJQ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2256084d-277f-46f8-bb12-ffee35d1e081_1802x1050.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome back to Product Market Fit &#128293;</p><p>Today I want to share the decks of some of the most promising AI startups that raised VC this year. </p><p>Some of them are already unicorns and others are just getting started but all have the potential to become market leaders.</p><p>These are decks created by people building frontier companies in search, agents, LLM infra, voice, healthcare, ads, video and networking. </p><p>Almost all of them are backed by top tier investors like <strong>a16z, Sequoia, Point72, Greylock, Bain, Bonfire</strong> or similar.</p><p>For me the value is not only having access to the decks created by some of the smartest founders in the world (and being able to improve your deck) but also learning about the most inovative business ideas that are being backed by top investors like a16z, sequoia, etc and how these founders think about them, present them and their ambition.</p><div><hr></div><h1><strong>What&#8217;s Inside</strong></h1><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!eQKl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!eQKl!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 424w, https://substackcdn.com/image/fetch/$s_!eQKl!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 848w, https://substackcdn.com/image/fetch/$s_!eQKl!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 1272w, https://substackcdn.com/image/fetch/$s_!eQKl!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!eQKl!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png" width="1456" height="1063" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1063,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1066248,&quot;alt&quot;:&quot;Decks of most promising AI startups&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/180314902?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Decks of most promising AI startups" title="Decks of most promising AI startups" srcset="https://substackcdn.com/image/fetch/$s_!eQKl!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 424w, https://substackcdn.com/image/fetch/$s_!eQKl!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 848w, https://substackcdn.com/image/fetch/$s_!eQKl!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 1272w, https://substackcdn.com/image/fetch/$s_!eQKl!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff82dea0a-8726-4d20-8f98-db9cb97ce983_2257x1648.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Inside the vault you&#8217;ll find pitch decks from the most ambitious AI companies operating today. </p><p>This includes:</p><ul><li><p><strong>Category leaders like Perplexity, ElevenLabs, Mistral and Humane AI </strong>(raised $200M and died), alongside agentic workflow </p></li><li><p><strong>GTM companies such as Octave, Artisan, Gradient Labs and Nexad.</strong> </p></li><li><p><strong>LLM analytics decks from Profound, Omnia and Artificial Societies,</strong> </p></li><li><p><strong>Media and video players like Synthesia, Hedra AI</strong> </p></li><li><p>The healthcare AI section includes Charta Health, Heidi Health, Doctronic and Axle Health. </p></li><li><p><strong>Tooling and infra teams like Dig, Epiminds and Paramark</strong>, and </p></li><li><p>Consumer networks like <strong>Goodwork</strong> &amp; <strong>Boardy</strong></p></li></ul><h1><strong>Why Accessing These Decks Gives You an Edge</strong></h1><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!1d4n!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!1d4n!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 424w, https://substackcdn.com/image/fetch/$s_!1d4n!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 848w, https://substackcdn.com/image/fetch/$s_!1d4n!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 1272w, https://substackcdn.com/image/fetch/$s_!1d4n!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!1d4n!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png" width="1185" height="476" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:476,&quot;width&quot;:1185,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:376568,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/180314902?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!1d4n!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 424w, https://substackcdn.com/image/fetch/$s_!1d4n!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 848w, https://substackcdn.com/image/fetch/$s_!1d4n!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 1272w, https://substackcdn.com/image/fetch/$s_!1d4n!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3566bcfd-52cf-4ed0-ae9e-d3beb858ed63_1185x476.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><strong>1. You learn how elite AI founders think</strong></h3><p>You see how they explain the technical insight behind the company, how they show the scale of the problem, and how they position themselves as the team that will win.</p><h3><strong>2. You understand what top VCs say yes to</strong></h3><p>These decks reveal the type of traction that matters, the clarity VCs want, the level of ambition expected and the way founders justify why their product must exist now.</p><h3><strong>3. You see the future of AI before everyone else</strong></h3><p>From agent pipelines to healthcare automation to LLM ops to AI-native ad networks to the next generation of voice and video. This vault is a map of the next decade of AI.</p><div><hr></div><blockquote><p>Still a free subscriber? Upgrading to a <a href="https://www.productmarketfit.tech/subscribe?coupon=b9c3ed54">premium subscription</a> will give you access not only to these invaluable post but also to the entire archive of articles published on Product Market Fit. You&#8217;ll gain insights, resources, and strategies that have already helped hundreds of founders</p></blockquote><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?coupon=0d333a46&amp;utm_content=180314902&quot;,&quot;text&quot;:&quot;Get 30% off forever&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.productmarketfit.tech/subscribe?coupon=0d333a46&amp;utm_content=180314902"><span>Get 30% off forever</span></a></p>
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   ]]></content:encoded></item><item><title><![CDATA[The 10 growth tactics that helped Replit go from $2.8M to $150M ARR in one year + its Seed Deck]]></title><description><![CDATA[How Replit Became the Fastest-Growing AI Developer Platform: The 10 Growth Tactics Behind Its Jump from $2.8M to $150M ARR]]></description><link>https://www.productmarketfit.tech/p/the-10-growth-tactics-that-helped</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-10-growth-tactics-that-helped</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Tue, 25 Nov 2025 19:48:38 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/77326e2a-8a97-414c-b01a-dbdad6300fb3_1949x1297.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Hey everybody, welcome back to PMF!</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.productmarketfit.tech/subscribe?"><span>Subscribe now</span></a></p><div><hr></div><p>Today, let talk about Replit.</p><p>Replit is one of the most valuable and fastest growing AI companies right now. </p><p>And while Lovable is following Replit very closely, the latter is still undisputed for highest revenues in the Vibecoding space.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!xszE!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!xszE!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 424w, https://substackcdn.com/image/fetch/$s_!xszE!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 848w, https://substackcdn.com/image/fetch/$s_!xszE!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!xszE!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!xszE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg" width="739" height="615" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:615,&quot;width&quot;:739,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Replit at $106M ARR | Sacra&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Replit at $106M ARR | Sacra" title="Replit at $106M ARR | Sacra" srcset="https://substackcdn.com/image/fetch/$s_!xszE!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 424w, https://substackcdn.com/image/fetch/$s_!xszE!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 848w, https://substackcdn.com/image/fetch/$s_!xszE!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!xszE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5f8f581-157f-4c5d-accf-62fbfb6ac01c_739x615.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>It recently <a href="https://replit.com/news/funding-announcement">raised $250 million at a $3 billion valuation</a>, backed by Google, YC, a16z and Craft, after <strong>scaling its revenue from $2.8 million to $150 million in under a year</strong>. </p><p>And since I&#8217;m also an angel investor in the company myself I thought it would be good to deepdive into:</p><ol><li><p><strong>The 10 growth tactics that helped Replit go from $2.8M to $150M ARR in one year</strong></p></li></ol><ol start="2"><li><p><strong>Replit&#8217;s Seed Deck: the first pitch that got them into YCombinator</strong></p></li></ol><p>Let&#8217;s dive into it&#128640;</p><p>PS: This deepdive is part of the premium access only content of PMF Newsletter. Subcribe to access it together with top resources for founders worldwide!</p>
      <p>
          <a href="https://www.productmarketfit.tech/p/the-10-growth-tactics-that-helped">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[The pitch deck these YC highschool dropouts used to raise $3.1M for AI clinic agents 🔥]]></title><description><![CDATA[How two dropouts turned a clear clinical wedge into a venture-ready story that investors couldn&#8217;t ignore]]></description><link>https://www.productmarketfit.tech/p/the-pitch-deck-these-yc-highschool</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-pitch-deck-these-yc-highschool</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Tue, 04 Nov 2025 15:13:33 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!dxYm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Welcome to PMF, the place for early stage founders &amp; investors to grow &amp; fundraise.</p><p>Today we break down the Novoflow pitch deck that raised <strong>$3.1M</strong> to build <strong>AI agents for medical clinics</strong>.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.productmarketfit.tech/subscribe?"><span>Subscribe now</span></a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dxYm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dxYm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dxYm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dxYm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dxYm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!dxYm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg" width="800" height="533" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:533,&quot;width&quot;:800,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:85239,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/177989481?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dxYm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 424w, https://substackcdn.com/image/fetch/$s_!dxYm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 848w, https://substackcdn.com/image/fetch/$s_!dxYm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!dxYm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbb63e02-baee-43a8-8c6a-ee85aa31091f_800x533.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2>The 30-second story </h2><ul><li><p><strong>What they do:</strong> Novoflow is building <strong>AI agents for medical clinics</strong>, starting with automating <strong>cancellation recovery</strong> and <strong>appointment booking</strong>, while stitching together fragmented EHR systems</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://www.novoflow.io/" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!jwzO!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 424w, https://substackcdn.com/image/fetch/$s_!jwzO!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 848w, https://substackcdn.com/image/fetch/$s_!jwzO!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 1272w, https://substackcdn.com/image/fetch/$s_!jwzO!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!jwzO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png" width="1328" height="900" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:900,&quot;width&quot;:1328,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:121946,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://www.novoflow.io/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/177989481?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!jwzO!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 424w, https://substackcdn.com/image/fetch/$s_!jwzO!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 848w, https://substackcdn.com/image/fetch/$s_!jwzO!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 1272w, https://substackcdn.com/image/fetch/$s_!jwzO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0c08d2c-bd00-4d62-ae46-c77d16305767_1328x900.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><ul><li><p><strong>Founders:</strong> <strong><a href="https://www.linkedin.com/in/mathieurihet/">Mathieu Rihet</a> (19)</strong> and <strong><a href="https://www.linkedin.com/in/thegeorgesc/">Georges Casassovici</a> (18)</strong> both dropped out to attend <strong>YC S25</strong>. Rihet originally aimed to be a cardiothoracic surgeon but pivoted after being diagnosed with essential tremors; he later worked as a <strong>medical translator</strong>, where he saw the operational chaos firsthand</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!t7iw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!t7iw!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 424w, https://substackcdn.com/image/fetch/$s_!t7iw!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 848w, https://substackcdn.com/image/fetch/$s_!t7iw!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!t7iw!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!t7iw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg" width="1456" height="819" 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srcset="https://substackcdn.com/image/fetch/$s_!t7iw!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 424w, https://substackcdn.com/image/fetch/$s_!t7iw!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 848w, https://substackcdn.com/image/fetch/$s_!t7iw!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!t7iw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd274f9d1-7fdb-46c2-84e1-f1bacd63e04c_2048x1152.jpeg 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div></li></ul><ul><li><p><strong>Raise:</strong> The company <strong>raised $3.1M</strong> led by super angel <strong>Justin Hamilton</strong>, with participation from <strong>N1 Ventures, Multifaceted Capital, and Standard Partners Fund</strong>.</p><p></p></li><li><p><strong>Here&#8217;s what founders will learn from reading their deck:</strong></p><ul><li><p>How to turn founder-market fit into a narrative that compels investors (surgeon-to-founder story with firsthand system pain).</p></li><li><p>How to define a sharp wedge that proves value fast in healthcare (cancellations &#8594; revenue recapture &#8594; bookings &#8594; ops).</p></li><li><p>How to position &#8220;agents over apps&#8221; as the interface that unifies fragmented EHRs without boiling the ocean on day one.</p></li><li><p>How to show execution velocity and scrappiness credibly at pre-seed (YC entry, SF build, early team, clear next hires).</p></li><li><p>How to paint a believable path from a single workflow to &#8220;AI runs the clinic&#8221; (billing, scheduling, Rx fulfillment).</p></li></ul><p></p></li><li><p>If you&#8217;re raising pre-seed or seed, this deck is a masterclass in clarity, story, and focus in a regulated market.</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!F7tH!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!F7tH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 424w, https://substackcdn.com/image/fetch/$s_!F7tH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 848w, https://substackcdn.com/image/fetch/$s_!F7tH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!F7tH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!F7tH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg" width="1456" height="908" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:908,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;text&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="text" title="text" srcset="https://substackcdn.com/image/fetch/$s_!F7tH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 424w, https://substackcdn.com/image/fetch/$s_!F7tH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 848w, https://substackcdn.com/image/fetch/$s_!F7tH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!F7tH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff06a84a8-a6a1-43ff-9d58-777c753c3d7d_1833x1143.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>PS: If you are building or investing in AI, check out <a href="https://www.theaiopportunities.com/">The AI Opportunity</a>, where I break down the best money making opportunities in the world before they&#8217;re mainstream.</p><div class="embedded-publication-wrap" data-attrs="{&quot;id&quot;:4694601,&quot;name&quot;:&quot;The AI Opportunity&quot;,&quot;logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!DXsb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F681aa4b4-9355-4f12-b623-1c0b4e5accd8_1024x1024.png&quot;,&quot;base_url&quot;:&quot;https://www.theaiopportunities.com&quot;,&quot;hero_text&quot;:&quot;AI is eating the world\n\nWe find the biggest money-making opportunities before anyone else&#8212;so you can build the next Google\n\nOur business? Arbitrage of the future&quot;,&quot;author_name&quot;:&quot;Guillermo Flor&quot;,&quot;show_subscribe&quot;:true,&quot;logo_bg_color&quot;:&quot;#031c17&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="EmbeddedPublicationToDOMWithSubscribe"><div class="embedded-publication show-subscribe"><a class="embedded-publication-link-part" native="true" href="https://www.theaiopportunities.com?utm_source=substack&amp;utm_campaign=publication_embed&amp;utm_medium=web"><img class="embedded-publication-logo" src="https://substackcdn.com/image/fetch/$s_!DXsb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F681aa4b4-9355-4f12-b623-1c0b4e5accd8_1024x1024.png" width="56" height="56" style="background-color: rgb(3, 28, 23);"><span class="embedded-publication-name">The AI Opportunity</span><div class="embedded-publication-hero-text">AI is eating the world

We find the biggest money-making opportunities before anyone else&#8212;so you can build the next Google

Our business? Arbitrage of the future</div><div class="embedded-publication-author-name">By Guillermo Flor</div></a><form class="embedded-publication-subscribe" method="GET" action="https://www.theaiopportunities.com/subscribe?"><input type="hidden" name="source" value="publication-embed"><input type="hidden" name="autoSubmit" value="true"><input type="email" class="email-input" name="email" placeholder="Type your email..."><input type="submit" class="button primary" value="Subscribe"></form></div></div><h2><strong>Access now with the free trial or subscribe to the premium plan&#128071;</strong></h2>
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   ]]></content:encoded></item><item><title><![CDATA[Synthesia: inside the $1M cold email to Mark Cuban & the $180M Series D Pitch Deck]]></title><description><![CDATA[From a cold email to a $180M pitch deck: how Synthesia turned down Adobe and Meta&#8217;s $3B offers]]></description><link>https://www.productmarketfit.tech/p/synthesia-inside-the-1m-cold-email</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/synthesia-inside-the-1m-cold-email</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Sun, 26 Oct 2025 15:38:32 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!eKm8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Synthesia just rejected a $3B takeover bid from Adobe and another from Meta</p><p>Earlier this year, they raised $180 million in a Series D round led by NEA, with Google Ventures, Atlassian Ventures, WiL, and PSP Growth also joining. </p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!eKm8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!eKm8!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 424w, https://substackcdn.com/image/fetch/$s_!eKm8!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 848w, https://substackcdn.com/image/fetch/$s_!eKm8!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!eKm8!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!eKm8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg" width="686" height="386" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:386,&quot;width&quot;:686,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;We've Raised $180 Million in Series D Funding &#128184;&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="We've Raised $180 Million in Series D Funding &#128184;" title="We've Raised $180 Million in Series D Funding &#128184;" srcset="https://substackcdn.com/image/fetch/$s_!eKm8!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 424w, https://substackcdn.com/image/fetch/$s_!eKm8!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 848w, https://substackcdn.com/image/fetch/$s_!eKm8!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!eKm8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4da66569-9fa7-45a3-b7ee-6a65e4c89ce8_686x386.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The round valued the company at $2.1 billion, making it the largest generative AI startup in the UK.</p><p>But before that, they were getting rejected by hundreds of investors.</p><p>I&#8217;ve compiled everything you need to study Synthesia&#8217;s rise from near failure to $100M ARR.</p><p>Inside you&#8217;ll find:</p><h3>&#128230; Inside this premium issue</h3><ol><li><p>Starting Synthesia before &#8220;generative AI&#8221; even existed</p></li><li><p>The fundraising nightmare </p></li><li><p>How a cold email got <strong>Mark Cuban to invest $1M</strong> overnight</p></li><li><p>The <strong>pitch deck Synthesia used to raise $180M</strong> Series D</p></li><li><p>How they survived <strong>three years before product-market fit</strong></p></li><li><p>What the founder of Synthesia would build <em>today</em></p></li></ol><h3><strong>Check it out with the <a href="https://www.productmarketfit.tech/bb9d2e4e">free trial</a> (no strings attached), or jump straight into premium if you&#8217;re ready for the full scoop&#128071;</strong></h3><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://www.productmarketfit.tech/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://www.productmarketfit.tech/subscribe?"><span>Subscribe now</span></a></p>
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   ]]></content:encoded></item><item><title><![CDATA[The 2-pager Ex-Klarna founder used to raise $3.5M from the investors behind Lovable, n8n, and Miro 🔥]]></title><description><![CDATA[How a two-page story outperformed twenty slides]]></description><link>https://www.productmarketfit.tech/p/the-2-pager-ex-klarna-founder-used</link><guid isPermaLink="false">https://www.productmarketfit.tech/p/the-2-pager-ex-klarna-founder-used</guid><dc:creator><![CDATA[Guillermo Flor]]></dc:creator><pubDate>Thu, 16 Oct 2025 12:02:01 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!P3CJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Everyone tells you that you <em>need</em> a 20-slide deck to raise money.</p><p>Turns out&#8230; you don&#8217;t.</p><p><strong><a href="https://www.useomnia.com/">Omnia</a></strong>, a startup building the operating system for brands in the new era of AI-driven search, just raised <strong>$3.5M pre-seed from Visionaries Club</strong>, the same investors behind <strong>Lovable, n8n, Miro, and Personio</strong>.</p><p>And they did it with <strong>no pitch deck.</strong></p><p>Just a two-page memo.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!P3CJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!P3CJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 424w, https://substackcdn.com/image/fetch/$s_!P3CJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 848w, https://substackcdn.com/image/fetch/$s_!P3CJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 1272w, https://substackcdn.com/image/fetch/$s_!P3CJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!P3CJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png" width="1176" height="787" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:787,&quot;width&quot;:1176,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:179425,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/176311745?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" 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stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!yCEd!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!yCEd!,w_424,c_limit,f_webp,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 424w, https://substackcdn.com/image/fetch/$s_!yCEd!,w_848,c_limit,f_webp,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 848w, https://substackcdn.com/image/fetch/$s_!yCEd!,w_1272,c_limit,f_webp,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 1272w, https://substackcdn.com/image/fetch/$s_!yCEd!,w_1456,c_limit,f_webp,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!yCEd!,w_1456,c_limit,f_auto,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:null,&quot;width&quot;:null,&quot;resizeWidth&quot;:728,&quot;bytes&quot;:24061585,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/gif&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/176311745?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!yCEd!,w_424,c_limit,f_auto,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 424w, https://substackcdn.com/image/fetch/$s_!yCEd!,w_848,c_limit,f_auto,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 848w, https://substackcdn.com/image/fetch/$s_!yCEd!,w_1272,c_limit,f_auto,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 1272w, https://substackcdn.com/image/fetch/$s_!yCEd!,w_1456,c_limit,f_auto,q_auto:good,fl_lossy/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8423ceaf-9d4d-4732-8607-da8436ee3539_960x603.gif 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p>Hey, have you tried <a href="https://psxid.figma.com/product-market-fit">FIGMA Make</a>? It launched recently and I got so hooked. You can basically design anything with AI</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://psxid.figma.com/product-market-fit&quot;,&quot;text&quot;:&quot;Try it now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://psxid.figma.com/product-market-fit"><span>Try it now</span></a></p><div><hr></div><h3>&#129504; Why it worked</h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!hHDO!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!hHDO!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 424w, https://substackcdn.com/image/fetch/$s_!hHDO!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 848w, https://substackcdn.com/image/fetch/$s_!hHDO!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 1272w, https://substackcdn.com/image/fetch/$s_!hHDO!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!hHDO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png" width="1100" height="1022" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1022,&quot;width&quot;:1100,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:934945,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.productmarketfit.tech/i/176311745?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!hHDO!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 424w, https://substackcdn.com/image/fetch/$s_!hHDO!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 848w, https://substackcdn.com/image/fetch/$s_!hHDO!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 1272w, https://substackcdn.com/image/fetch/$s_!hHDO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F90159329-ad41-4fdd-97cb-a51e74f179f3_1100x1022.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The memo doesn&#8217;t rely on flashy visuals or endless problem-solution slides.<br>It reads like conviction.</p><p>Omnia&#8217;s founder, <strong>Daniel Espejo (ex-Klarna)</strong>, captured three things most founders miss:</p><ol><li><p><strong>A market shift investors can&#8217;t unsee.</strong> AI-driven search is fundamentally changing how consumers discover brands.</p></li><li><p><strong>A clear villain.</strong> Brands are <em>invisible</em> inside AI search &#8212; losing visibility and control to competitors that adapt faster.</p></li><li><p><strong>A believable execution plan.</strong> A small, technical team that&#8217;s already monetizing and ready to scale what works.</p></li></ol><p>This wasn&#8217;t a startup &#8220;explaining&#8221; an idea.</p><p>It was a founder showing that the world had already changed and he was building for the new default.</p><h3>&#128293; Access now</h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!P3CJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!P3CJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 424w, https://substackcdn.com/image/fetch/$s_!P3CJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 848w, https://substackcdn.com/image/fetch/$s_!P3CJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 1272w, https://substackcdn.com/image/fetch/$s_!P3CJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!P3CJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505220a-c83b-42b8-a0a6-2cc315b6423e_1176x787.png" width="524" height="350.6700680272109" 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