How to Raise Your First Round

In this week's episode of the SaaS Revolution Show, our host Alex
Theuma is joined by Itamar Novick, Founder & General Partner at
Recursive Ventures, who his insights and advice on how to raise
your first round. "I think that your odds of success building a
startup are much higher if at least one person on the founding team
has some orientation to do sales, right? If everybody's technical
and everybody's introverted, who's going to talk with customers?
Who's going to succeed in doing that?" Itamar shares: ️ Why he
doesn't want to make Recursive Ventures a multi-partner fund ️ His
decision to intentionally not take board seats ️ Demystifying
pre-seed investment rounds ️ His advice on not raising money from
VCs unless a founder *wants* to build a VC backable company - that
means showing a path to $500k - $1B in revenue for seven to ten
years from now ️ Why fundraising is a sales effort - as well as
high quality collateral, founders need to be able pitch very well
and very quickly ️ Why he encourages entrepreneurs to consistently
build relationships with people in the startup and VC ecosystem and
more! --- Check out the other ways SaaStock is serving SaaS
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Membership: A private members group of B2B SaaS founders between
$100K - $10M ARR who are committed to growth and helping others
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Monthly meet-ups in cities all around the world, bringing together
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SaaS (https://local.saastock.com/home      Check out
the other ways SaaStock is helping SaaS founders move their
business forward:  SaaStock Europe: 14-15 October 2025 |
Dublin, Ireland Book you tickets:
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SaaStock Founder Membership: A private members group of B2B SaaS
founders between $100K - $10M ARR who are committed to growth and
helping others (https://www.saastock.com/founder-membership/)
SaaStock Local: Monthly meet-ups in cities all around the world,
bringing together SaaS enthusiasts and experts to discuss the most
pressing topics in SaaS (https://local.saastock.com/home)