Vitt

Giving SaaS founders access to non-dilutive capital

4 followers

Giving SaaS founders access to non-dilutive capital

4 followers

Vitt offers fast, non-dilutive, founder-friendly cash for growing SaaS businesses (venture-backed & bootstrapped), giving founders instant access to cash upfront, rather than waiting for monthly billing. Check out how it works in the first comment below 👇

Launch tags:Fintech•SaaS

Launch Team

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Vitt

Maker

Hi Hunters 👋 I’m super excited to launch Vitt, a platform that enables SaaS founders to raise fast, founder-friendly, non-dilutive cash - whether you’re bootstrapped or venture-backed! ❌The Problem❌ In my previous life as a European VC, I saw first-hand that growing SaaS companies either have to pitch VCs (and sell a large chunk of their company), try (and fail) to get money from banks, or offer discounts to customers so they pay upfront. Long story short - getting access to growth capital is hard. And the fundamental question is: why? From Figma to Slack to Shopify, SaaS businesses are reimagining & remaking every aspect of business - yet fundraising for those companies is still stuck in the 1980s. 👉Enter Vitt 👈 We simplify access to growth capital by giving SaaS founders a year's worth of MRR upfront, which they pay back monthly. 1️⃣ Seamlessly integrate your billing stack (subscription, bank, & financial data) with Vitt. 2️⃣ We analyse your financial data and give a financing decision in a matter of minutes - not months. 3️⃣ See the cash hit your bank account. Simple as that. Don’t wait to unlock the cash trapped in your SaaS company’s recurring revenues - we’re now live. Would love to hear your thoughts, feedback, & questions below! ❤️

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4yr ago

Helpdesk by LabiDesk

@saketrkumar Amazing idea! Congrats on the launch 🚀

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4yr ago

Vitt

Maker

@bochkovaleks Thanks, Aleks! Make an application and see how seamless it is :). All the credit goes to the team though -- they've done unbelievable work!

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4yr ago

@saketrkumar thx and good luck with finding the next unicorns here! I'll definitely be back to you for money in a few months.

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4yr ago

Vitt

Maker

@vladimir_levitin Hi Vladimir -- thanks for the well wishes & I'll hold you to that ;).

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4yr ago

@saketrkumar the worst part about fundraising is the amount of time it takes. A close second is the completely subjective and critical assessment of your business that is deeply biased. I love that you’re taking a metrics based approach to cash flow using technology that most businesses are already using without injecting biases (hopefully) into the process. I’m super excited about companies and products like yours jumping into startup financing because venture capital is completely broken. I wish you all the success and may a million flowers (startups) bloom on your platform.

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4yr ago

Zappi Ad Predictor

Super interesting, @saketrkumar and ?makers! Makes perfect sense to capitalise on committed revenue. If it drives a higher multiple with investors, why shouldn't we be able to use it to secure access to cash? 📈💰

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4yr ago

Vitt

Maker

@nik_hazell Hi Nik -- exactly. It makes no sense that founders & employees take on unnecessary dilution.

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4yr ago

This is super interesting, Saket and the entire team! Quite certainly considering this. Wondering: are you able to do all due diligence on applying founders within 24 hours? Usually VCS take at least a few weeks for that. How do you solve that? :)

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4yr ago

Vitt

Maker

@jasvir_dhillon Hi Jasvir -- we focus on your metrics (MRR, Growth, Churn etc). As an ex-VC, I can tell you a lot of VC DD process is busy work :D. We boil it down to what matters: the health of the business you've built.

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4yr ago

Vitt

Maker

Fundraising sucks - I remember at my last startup, we ended up pitching 10s, if not 100s, of VCs before we got our first yes - in the ~3 months it took to go through the entire process we ended up at a near standstill with the stuff that actually matters - building our company. I wish Vitt had existed then - which is why I'm so excited about what we're building now. Have a look and do share any thoughts, feedback, and questions! ❤️❤️❤️

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4yr ago

@gskhurana here here brother. The dog an pony show has to stop.

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4yr ago

Really exciting! Not all companies should be chasing VCs for growth capital and the existing alternatives are too much of an encumbrance. The non-dilutive proposition being built by the team at Vitt will give founders a much better and more sustainable option when it comes to thinking about how to continue scaling their growth.

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4yr ago

Vitt

Maker

@liam_roberts Totally agree! The people that do the hard work (founders, employees) definitely deserve to own more of the company :).

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4yr ago