Why a16z pitched Deel to guide its Collection A

It’s typical on TechCrunch Dwell for founders to speak about fundraising whereas flipping by their final pitch deck. However Deel CEO Alex Bouaziz didn’t have a pitch deck to share. That’s as a result of Deel raised a complete of $629 million with out one.

Fairly, Andreessen Horowitz associate Anish Acharya pitched Deel to let a16z lead the corporate’s Collection A, Acharya defined alongside Bouaziz on TechCrunch Dwell on Wednesday.

All through the chat, we touched on just a few key takeaways, together with the way to increase with no pitch deck. For Acharya, a serial founder with intensive fundraising and investing expertise, Deel’s momentum comes from Bouaziz.

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“I believe it’s exhausting to satisfy Alex and never get the sensation of inevitability,” Acharya mentioned. “And that’s how a whole lot of the perfect founders are. There’s simply this sense of momentum, they usually’re in a rush — Alex is all the time in a rush.’”

Acharya got here again up to now a number of occasions all through the dialogue.

“There’s a sense as if it’s going to occur, whether or not I’m part of it or not.” This FOMO led Acharya to pitch a16z in order that Deel’s founding staff understood the funding agency knew the way to leverage the market.

When requested what a16z’s pitch deck appears to be like like, Acharya smiled and mentioned he couldn’t reveal all his secrets and techniques.


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