How do you fundraise as an immigrant founder with visa issues?
Plutoshift founder Prateek Joshi details his journey raising over $16M as a solo founder, sharing the exact enterprise SaaS metrics that unlocked his Series A. Now a VC, he explains why AI should be a 'nitro boost, not the engine' and how founders can manufacture fundraising leverage even with zero network.
What 2026 exits actually pay for SaaS
Miro had $600M ARR and 250,000 enterprise customers. They sold for $1.79B — roughly 3x revenue. Their 2021 investors took a 90% haircut on their mark. This is the current market clearing price for quality horizontal SaaS. If you are building toward an exit, you need to know which multiple category your business belongs in — before your board does that math for you.
Highlights
- →Raised a $300k pre-seed as a solo immigrant founder with zero network, relying entirely on cold outbound.
- →Secured a metrics-driven Series A by showing 10+ enterprise logos with six-figure ACVs.
- →Proved expansion revenue by showing 1/3 of customers doubling or tripling their spend from a $50k base.
- →Prateek Joshi: "The $3.5M seed round was the easiest to raise; the pre-seed and Series A were the most difficult."
- →An AI expert's advice: "AI is the nitro boost, not the engine. If you can build the product without AI, you should."
The full breakdown
Who's on this episode
Prateek Joshi is a Partner at Moxie Ventures, a seed-stage venture capital firm. Before becoming an investor, he was the founder and CEO of Plutoshift, an enterprise AI company focused on physical infrastructure, which he led for seven years. At Plutoshift, he raised pre-seed, seed, and Series A funding. Prateek is also a prolific author, having written 13 technical books on artificial intelligence and machine learning. He began his career on the AI team at Nvidia after moving to the US from India for his master's degree.
Questions answered in this episode
References & resources
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- ·Moxie VenturesCompany
- ·PlutoshiftCompany
- ·Unshackled VenturesCompany
- ·NvidiaCompany
- ·Prateek Joshi's Bookswebsite
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Podcast host, angel investor, and serial entrepreneur with 4× exits ranging from small businesses to VC-backed tech companies. Jason has been personally involved in over $100M in transactions and now helps founders close their next transaction at Thunder.vc, from pre-seed rounds to $100M exits. He coaches founders through their next major transaction and gets the deal done by introducing them to the right people in his network.
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