It’s featured on TechCrunch Live for founders to talk about fundraising while perusing their final presentation. But Deel’s CEO, Alex Bouaziz, didn’t have a presentation to share. That’s because Deel raised a total of $629 million without a single one.
Andreessen Horowitz’s partner Anish Acharya instead convinced Deel to let a16z lead the company’s Series A, Acharya explained alongside Bouaziz on TechCrunch Live on Wednesday.
During the chat, we covered some of the key takeaways, including how to advance without a deck of offers. For Acharya, a serial founder with extensive fundraising and investment experience, Deel’s motivation comes from Bouaziz.
“I think it’s hard to meet Alex and not have a sense of certainty,” Acharya said. “And that is the reason for many of the best founders. There’s just this sense of motivation, and they’re in a hurry – Alex is always in a hurry. ‘”
Acharya came back to this point several times during the discussion.
“There’s a feeling as if it’s going to happen, whether I’m in or not.” This FOMO led Acharya to launch a16z so that Deel’s founding team understood that the investment company knew how to capitalize on the market.
When asked what the pitch of a16z looks like, Acharya laughs and says he can’t reveal all his secrets.