All pitch deck teardowns
F
B2B SaaS · Series A & B

Front pitch deck teardown

All your company’s external communication in one collaborative inbox.

The round
$10M Series A (2016) · $66M Series B (2018)
Outcome
Private, operating; later raised at a reported ~$1.7B valuation
Investors
Series A: Social Capital (Mamoon Hamid) · Series B: Sequoia, DFJ

The gold standard of “founder publishes her own deck.” Mathilde Collin shared both Front’s Series A and Series B decks on Medium with on-the-record commentary on what worked — the Series A deck reportedly passed two million views. The Series B raise is the stuff of legend: ~10 term sheets in roughly a week.

The deck, section by section

Collin’s posts narrate the decks but don’t enumerate every slide in order; these are the documented sections and metrics.

·
What we do, in one sentence
Stated plainly up front, not teased
·
Problem
·
Product / solution
·
Traction & metrics
MRR growth, net-negative MRR churn, funnel efficiency
·
Team & culture
(Series B) Glassdoor / culture proof points
·
Capital efficiency
(Series B) cash on hand, runway
·
Projections
Numbers that were on the deck
MRR grew ~5.4× in 12 months~$100K MRR at the Series ANet-negative MRR churn~10 term sheets in ~5 days (Series B)
What made it work
01

Say what you do in the first sentence

Front’s decks open by stating, flatly, what the company is — no mystery-box build-up. When an investor knows the category in five seconds, every later slide lands in context instead of fighting confusion.

02

Net-negative churn is the metric that sells SaaS

The deck leads with retention quality, not vanity growth. Showing that existing customers expand faster than any churn is the single most convincing slide a SaaS founder can show — it implies the business compounds on its own.

03

A fast, contested raise is itself the pitch

Timeboxing the Series B and running it as a tight process produced competitive tension — and ~10 offers. The lesson isn’t “be famous”; it’s that a disciplined, well-prepared process signals exactly the operator investors want to back.

Apply it to your deck

Open with one plain sentence of what you do, then lead with the quality of your retention — not just the size of your growth.

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Source: Mathilde Collin’s published A & B decks + commentary view the deck ↗
A note on the numbers: Front’s reported ~$1.7B (2022) valuation is commonly cited; verify before quoting. The A and B amounts and leads are confirmed in Collin’s posts and press.
More teardowns
A
Airbnb
Marketplace · Seed
B
Buffer
SaaS · Seed
in
LinkedIn
Network · Series B