Neer <> Twill intro

Date: 2025-04-28 · Duration: 27.799999237060547 min Organizer: Nader Attendees: Nader, brian@neerventurepartners.com, Mike

Summary

Neer Venture Partners Overview: CIO Brian Neer; C2 Series A fund, invests $100 K -$ 500K; currently 62/200 portfolio; focuses on fintech/emerging markets; 30 years in finance, 24 at Morgan Stanley; avoids crypto & harmful sectors.
Twill’s Value Proposition: Founded by Michael (ex-PaymentCloud); connects fragmented biz data using LLMs/APIs; centralizes payments/accounting/marketing for franchises; improves visibility and decision-making for management.
Revenue Model Insights: Payments-based model; earns 80-100 bps per transaction (3-4% fees for merchants); customers generate $1, 500 -$ 2,000/month; targets unmet SMB needs (35% of market); onboarding 20 clients, focusing on professional services; $22 K MRRw i t h$ 35K burn, raising $2.5 M a t$ 15-20M valuation for growth.

Michael Wright Send financial projections and documentation about the customer pipeline/waitlist to Brian (27:14)

Brian Neer Review Twill’s deck and additional materials in detail (26:18)