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Founding Journey

Why Adam Renklint Raised $137M... and Gave it Back

Nov 21, 2024
51:14

This is how Adam raised $137 million for his startup, Pitch, but then turned it into a cashflowing business instead.

πŸ“š 1,800 Pitch Decks (Free) β†’ deck-database.carrd.co

Follow Adam's journey:
🐦 X β†’ x.com/adamrenklint
πŸ’Ό LinkedIn β†’ linkedin.com/in/adam-renklint
πŸš€ Startup β†’ pitch.com

Follow us:
πŸ”” Subscribe β†’ youtube.com/@foundingjourney
πŸ“ Newsletter β†’ join.foundingjourney.com
πŸ“ˆ Founder Membership β†’ upgrade.foundingjourney.com
πŸ’Ό LinkedIn β†’ linkedin.com/in/michael-houck


Company Founding & Leadership Insights

  • (00:45) β€” Starting Pitch with 8 Co-founders
  • (16:06) β€” The Pitch founding story
  • (04:26) β€” Product-led CEO: pros and cons
  • (07:19) β€” Transitioning from CTO to CEO
  • (31:39) β€” Keeping the team motivated during chaos
  • (38:23) β€” Balancing mourning after layoffs with future focus


Company & Product Strategy

  • (10:25) β€” Product usability as a differentiator
  • (13:21) β€” Shipping quickly within a framework
  • (20:21) β€” Changing the aspirations of Pitch
  • (26:08) β€” Discussing aspirational change with investors
  • (28:16) β€” Identifying early investors


Pitching Best Practices

  • (42:07) β€” Common pitch deck mistakes
  • (46:36) β€” The pitch for well-designed decks


Rapid Fire

  • (48:57) β€” Recommended investors?
  • (49:30) β€” One change you’d make in startups?
  • (49:56) β€” Advice for first-time founders?

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