This Startup Reminds Us Why The Best Don't Need Pitch Decks
While most Angel List profiles include incredible product photos and videos, there is one startup that stands out among the pack. This is the only photo on the remind101 Angel List profile.
Remind101 is a very simple tool that allows teachers to send one-way text messages to their students (and sometimes parents), reminding them of upcoming quizes and homework assignments. Before this, there wasn’t really a safe way for teachers to communicate with students outside of class (we all know Facebook is never a good idea!).
Remind101 has raised a small seed round through their participation in the Imagine K12 incubator and from several angel investors. However, the app is free, and SMS costs add up quickly as they continue to grow. They hope tomonetizetheir product by selling their simple communication system to school administrators. Meanwhile, they’re growing organically from the ground up, with teachers spreading the word to other teachers while getting their students and their student’s parents to subscribe to the SMS updates.
Nevertheless, their numbers speak for themselves. At StartupStats, we believe that revealing your startup’s metrics will be the future of raising capital. We’ve already seen it with Fab.com, who raised $40 million by sending potential investors a login to their comprehensive dashboard.
The truth is, successful and growing startups don’t need a pitch deck. All they need to do is reveal their numbers!