When should you monetize before raising a Series A?
Brett Martin, co-founder of Kumospace, shares the playbook he used to raise $21 million by manufacturing predictable growth to create investor FOMO. He details a tactical fundraising process built on pre-warming target VCs, timing the raise around a key inflection point, and maintaining momentum because, as he learned, 'time kills deals.'
What 2026 exits actually pay for SaaS
Miro had about $600M in ARR, was profitable, and sold to Bending Spoons at a $1.355B enterprise value, about 2.3x ARR. The headline equity value was $1.79B because Miro also held about $435M of net cash. That is roughly 90% below its $17.5B valuation from 2022. Growth set the multiple: Airtable sold five weeks earlier at 2.7x ARR with 20%+ growth. If you are building toward an exit, find out which multiple category you belong in before your board does the math for you.
Highlights
- →Went from $0 to a nearly $1M ARR run rate in 3 months, creating the perfect inflection point for a Series A.
- →Acquired users for less than 10 cents per registration by turning a viral TikTok post into a scalable influencer engine.
- →Closed its seed round with Boldstart over a single weekend, leveraging a decade-long investor relationship.
- →Advocates 'manufacturing' 6 months of predictable growth before fundraising to de-risk the process for investors.
- →Runs a 'FOMO fundraising' process by pre-warming 4-5 target VCs and managing an active pipeline of 10-15 investors.
- →Predicts a 'mass startup extinction event' is looming, advising founders that survival is the name of the game.
The full breakdown
Who's on this episode
Brett Martin is the Co-founder and President of Kumospace, a virtual office platform for remote and distributed teams. He is also a Co-founder and General Partner at Charge Ventures, a New York-based venture capital firm focused on pre-seed and seed-stage investments. In addition to his entrepreneurial and investment roles, Brett serves as an Adjunct Professor of Data Analytics and Machine Learning at Columbia Business School.
Questions answered in this episode
References & resources
- ·Brett Martin on LinkedInsocial
- ·
- ·Charge Ventureswebsite
- ·KumospaceCompany
- ·Boldstart VenturesCompany
- ·
- ·OpenAICompany
- ·Y CombinatorCompany
- ·
Hosted by

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.
Apply to work with Jason →