Fundraising Process with Thunder
We started Thunder with the mission of helping founders and investors connect and we are thrilled to be democratizing access to capital for founders. At Thunder, we use AI to identify who is most likely to invest in whom within our network and make warm intros on behalf of founders to VCs and GPs to LPs. Below is an introduction to our process to help you get the most out of Thunder.
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1. Create a Profile
We try to keep our process simple and focus on making the right matches. The process first starts by creating an account and completing your profile.
The more information you provide, the higher the quality of matches we‘ll be able to get you. Be sure to fill in crucial information, including your company’s sector, location, funding round ask, amount raised to date, and any tractions you have so far.
If you have previous exits or if your company participated in any notable accelerators, tell us about it! Your profile is here to showcase your company to investors, and it’s ok to show off.
Tips: If you identify with any minority groups, let us know too! Some VCs invest in niche groups, and we want to match you!
2. Submit Profile for Review
Once you have completed your profile, submit your profile to be reviewed, and a member of the Thunder team will review your profile. You control when you want your profile to be reviewed. You can use the Founder Checklist we prepared for you on the left to make sure your profile is completed and you have a pitch deck uploaded.
Each month, only the best companies will be handpicked by our AI and team of experts to move forward. Your potential matches can only be unlocked after your profile has been approved by a team member of Thunder.
3. Intake Call & Engagement Letter
If approved, you will have an intake call with our team for us to learn more about your company and for you to ask any questions you have about Thunder’s white-glove service. You will have the option to move forward with Thunder’s services and sign an engagement letter after the call.
Once an engagement letter is signed, our team will then approve your profile and work with you to make sure you’re prepared to walk into the room to fundraise with VCs. In addition to making warm intros, we offer coaching services on your pitch materials and advice on how to approach each VC you’re connected to through Thunder to support you throughout the journey.
4. Due Diligence Call & Data Room Preparation
Thunder will work with you to prepare your data room for VCs’ due diligence purposes. We work together on your pitch materials until it's VC ready before we start outreaching out to investors. At this stage, you will have to disclose your company’s financials, cap table, legal documents, and evidence of any traction, as VCs will most likely ask for these documents before they give you a term sheet.
We take our network of investors and founders very seriously and work hard on protecting all relationships to save everyone time and hassle.
5. Investor Outreach
A Thunder team member will work with you to review the recommended matches with you to provide any context of existing relationships or engagements. These results will be generated by Thunder’s AI and presented within your dashboard on the platform.
Thunder reaches out to investors personally, confirming their interest in your company. If an investor agrees to match with you, you’ll be introduced over email. You will work closely with Thunder every week to track your fundraising progress. We like to use Slack for real-time updates with our clients
6. Money in the Bank
Once an investor is interested, we will help advise on your term sheet(s), but we will NOT intervene in your relationships with VCs unless asked. Thunder will ask each investor to complete one brief form before completing their investment, and an invoice will be drafted for immediate payment upon the financing closing.
7. Fee Structure
There are no upfront fees to sign up for Thunder, we will only take a success fee of 1.5%-5% of the total capital raised through the Thunder network after your round is closed. Fees will depend on the total amount raised and if it’s for a company or a fund. This is all confirmed in writing in advance before any agreement is signed.
Have a question? Don't hesitate to reach out to firstname.lastname@example.org