Every week, we’ll be taking a look at a fireside chat from one of our Verge hubs. Today, we’re taking a look at a fireside chat from Verge Bloomington with Mike Preuss of Visible, a platform for investors who invest in private companies.

Key Takeaways

  • Midwest brings tech talent at reasonable prices: As someone who works both in the Valley and in Indiana, Mike says that you can find a lot of the same technical talent in the midwest as you can on the West Coast, but you can get it at a much cheaper cost. Out west, hiring is much more competitive, promising higher salaries and more benefits than the midwest.
  • Find ways to make your startup transparent: Mike points out the fact that investors have a lot on their plate. They need clear, concise, and effective ways to be updated on how their investment in your business is doing. Make sure you’re meeting their needs.
  • Days Left Til Zero: According to Mike, this is the single most important metric for many investors. How many days do you have before there’s no more cash in the bank? This can be a big factor for your investors.

What were your thoughts on Mike’s fireside? What did you learn? What questions remain unanswered for you?