Hi there,
In this issue, I discuss outsourcing your ops so you can focus on building your business. Think fractional Chief of Staff.
Also;
📸 - Social Snapshot- the value of M&A
📊 - Founder pedigree in 2025
🎙️ - Jennifer Tsay's journey from raising $10M to bootstrapping
🆓 - Resources for founders
Welcome to issue 122.
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Chore gives you a dedicated Chief of Staff to handle the boring stuff.
You get back to building the rocket ship.
Reclaim your time.
*15% off with Thunder
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Why M&A matters by Kayode on X.
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On the latest episode, I spoke to Jennifer Tsay, founder of Shoott, who raised $2M before deciding to go the bootstrapping route. She shares more of her story, supporting photographers, which at the beginning had her getting death threats from creatives. I loved this one, as I also started something similar years back. Great chat.
Watch Now
Listen on:
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I recently shared this post on founder pedigree and stumbled on this bit of data. According to Crunchbase, Stanford remains the top school for founders who have raised funding.
Bummed that if you’re aiming to get backed, the old playbook still works: get into a top-tier school, ideally one that’s brutally hard to get into. Stanford, Harvard, and MIT dominate, with Berkeley leading the public pack thanks to its STEM cred and Bay Area proximity. And while dropout success stories make headlines, the reality is many funded founders still come out of elite business schools and STEM-heavy programs; some things, unlike market conditions, don’t change much.
Check out the full list here.
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Thunder's mission is to guide founders toward the right path to reach their North Star, be it through securing equity or debt financing or navigating the path to a successful exit.
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The #1 killer of investability
You want to raise capital. You want investor attention. You want to be “in demand.”
But if you’re like some founders I meet, you’re spending most of your time on the wrong stuff.
Payroll compliance. Tax filings. Cap table chaos. Admin fire drills.
Necessary? Sure.
Investable? Not even close.
I’ve worked with hundreds of founders, and you know what separates the ones who raise from the ones who just burn through months in Google Sheets?
They protect their time like it’s money. Because it is.
The silent killer of startup momentum isn’t your pitch.
It’s not even product-market fit. It’s where you spend your time.
Time is your scarcest, most valuable asset. Yet most founders are bleeding out 500+ hours a year (that’s three months) on undifferentiated ops work that has nothing to do with building a business worth backing.
And so many don't notice. They think they’re being “responsible.” They think being a good founder means handling everything. That’s BS.
Being a good founder means being relentlessly focused on the 10% of activities that move the needle. You don’t get funded for clean tax compliance.
You get funded because you built something worth funding, and you showed up ready to scale it.
They’re betting on:
Your obsession with solving a real problem
Your ability to attract talent and customers
Your potential to build something that grows fast
That’s it. The best founders we see aren’t perfect operators. They’re ruthless prioritizers. They don’t try to win by outworking everyone, they win by out-focusing them.
Are you working on the business? Or inside it?
Are you shaping strategy, refining product, and building growth engines?
Or are you fixing payroll setups, managing employee onboarding, chasing down vendor invoices, and explaining your cap table to your bookkeeper for the fourth time?
That’s not “lean.” That’s just death by a thousand busywork cuts.
I rarely plug tools. But when something actually solves a real pain we see every week, we pay attention. Chore is one of those tools. They're a fractional Chief of Staff, not a software platform you still have to manage. They assign you an actual person (they call them “Chore CEOs”) who takes over the operational sludge clogging up your calendar.
They handle:
Multi-state payroll and benefits
HR compliance and onboarding/offboarding
Equity and cap table admin
Finance and tax filings
Everything you shouldn’t be doing as a founder
No hiring. No training. No babysitting. Just “here, take it”, and it gets done.
Founders fall into the trap of believing that if they don’t do something themselves, it won’t get done right. But “doing it yourself” doesn’t make you a better founder.
It just makes you a bottleneck. When you spend your day in legal, finance, or HR spreadsheets, you’re not doing “real work”, you’re just avoiding the harder, more valuable stuff:
Founders who raise well behave like they’ve already raised. They’re not in the weeds doing $30/hour work. They’re leading. Strategizing. Selling. Scaling. When investors see that, they lean in. When they see a founder drowning in ops, they assume the business isn’t ready, and they’re usually right.
You don’t need to be a finance expert, compliance guru, or HR wizard to build a great company. You just need to stop wasting time pretending you do.
Let Chore handle the back office. Let Thunder help you raise capital.
And you? You do the thing only you can do: build a company that solves problems.
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💸 - Access working capital fast - Explore options for free
😍 - Free list of AI Recommended VCs - Apply for free
👨💻 - Free fundraising coaching session - Schedule 15 minutes with us
📝 - Playbook for Negotiating Term Sheets - Download it Here
💽 - Playbook for Setting Up and Sharing Your Data Room - Download it Here
✉️ - Playbook for Sending Investing Updates - Download it Here
📞 - Guide to Nailing Your First Calls With Investors - Download it Here
📆 - Your 12-month Fundraising Plan- Download it Here
💫 - Pitch deck design services for founders by VCs - Decko
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