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Angel Investor (Individual)

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Investments

11

Portfolio Exits

3

About Bill Boebel

Bill Boebel is a Austin TX and Blacksburg VA-based angel investor who typically invests $25K - $100K in young companies. Boebel prefers to invest in US-based seed stage web software and infrastructure startups which have low capital requirements in order to bring a minimum viable product to market. Boebel prefers to advise on product strategy and also brings a network of relationships in the cloud hosting, web infrastructure and email software industries.<br />Bill Boebel is VP of Strategy at Rackspace and is responsible for technology relationships that power many of the company's Cloud growth initiatives. Prior to Rackspace, Bill co-founded and was CTO of Webmail.us, which Rackspace acquired in 2007. As an entrepreneur, Bill played strategic as well as hands-on roles in all areas of the Webmail.us email hosting business. He built many of the company's scalable systems including the mail storage platform, anti-spam/anti-virus, support and operations software. Today, as a "Racker", Bill aims to accelerate progress in many areas of Rackspace's Cloud business including its product line, technical architectures and the company's unique culture. Bill is an active angel investor, a member of 460 Angels, as well as a mentor at DayOne Ventures, an early stage startup mentoring and funding program in Blacksburg VA.

Bill Boebel Headquarter Location

Austin, Texas,

United States

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Latest Bill Boebel News

The Ultimate Startup Conflict: Can You Chase Growth and Profitability at the Same Time?

Aug 7, 2019

Bill Boebel is good at seeing things from different angles. As a serial founder who is also an angel investor, he knows the fundraising process on both sides. He’s careful to keep both growth and survival in mind with his companies, spending wisely while keeping them profitable. And he’s able to look at something as common as an organizational chart and envision a company that could reinvent it. “Every company uses org charts, yet there’s no good software for it,” Bill says. “That’s really why we’re doing what we’re doing today.” Bill’s company Pingboard was just an employee directory at first, but it evolved into a system that allows users to navigate a company’s entire employee infrastructure. Employees can find out who owns which project, and managers can use the software to plan for the future. “We’re working on ways to help our clients visualize their companies in their current states, as well as where they’re heading,” Bill says. “They can plan for Q3 hiring and easily communicate that to the whole company, so everyone can know about open positions and how things are going to change.” Bill started the company in 2014, and he has raised three $2.5 million rounds since then. “I call it three separate seed rounds,” he says. The first round was led by Silverton Partners , an Austin-based VC firm, and filled out by friends and investors Bill knew from fundraising for his first company, a web mail service acquired by Rackspace . Bill raised the round before he even had a product to show. But he earned trust through a successful track record and relationships with investors. “I had originally planned on raising a little bit less,” Bill says. “I started talking to Silverton about it, and they convinced me to do it as an equity round. I decided it would be a good idea because they’re very founder-friendly. It set a precedent for strong, founder-friendly terms.” In the end, Bill is glad he went with the $2.5 million Silverton suggested. “Luckily we did, because it took a while to figure out the business,” Bill says. The ‘Touch Zero’ operating model It took Pingboard two years and $2 million of that initial funding to actually figure out what they were doing. But Bill doesn’t usually encourage founders to run through their capital too quickly. “We’re fairly conservative, and we have things we can pull back on,” Bill says. “After that first round, we really needed the additional money. But in the subsequent rounds, we operated in such a way that profitability is always within reach if don’t want to raise another round.” He chases the balance between growth and profitability with his companies, even though it’s not a popular method of fundraising. “I call it a ‘touch zero’ operating model,” Bill says. “We’re going to invest every dollar we can, and we’re going to hit zero in the bank account at some point in the future. But at the same time, we’re designing it profitably, which means we’re in full control of our destiny. If we invest more than that, we’re not in control. If we spend any less than that, we’re not growing as quickly as we can.” The “touch zero” operating method isn’t a one-time setup. Finding the right balance takes consistent attention to your company’s metrics. “Every week, we’re tuning our model based on the prior week’s sales numbers,” says Bill. “Can we turn up the ad spend on Google a little bit? Is it time for that next sales or engineer hire? We’re fine-tuning this thing constantly.” Explosive growth isn’t the only route to VC cash (though it’s the favorite) Bill has a unique understanding of the the investor/entrepreneur relationship. After he sold his first company, he spent some time as an angel investor. He saw plenty of startups discount the idea of balance entirely. So many founders are chasing growth above all else, which Bill calls the “moonshot model.” “It’s amazing how many entrepreneurs I met who didn’t grasp that concept,” Bill says. “They thought the only way to build a startup is to shoot for certain key milestones that make you fundable.” The problem with that method is that the money might not always be there, he says. “They’re basically operating under the assumption that future money is always available,” Bill says. “I’ve seen too many founders get burned by putting themselves in that position. It’s one I never put myself in.” VCs love moonshot companies, but that’s because they’re playing a volume game. Say a firm invests in 10 companies. One blows up, and another one folds because it focused on growth over balance. The VCs might be able to walk away without losing anything. The founder of the company that folds, on the other hand, has to start the entrepreneurial process over again. “I didn’t realize how extreme that kind of moonshot-or-bust mentality is for funds,” Bill says. “I’ve talked in depth about it with some of the partners at the bigger funds, and I totally understand why it is that way.” Bill emphasizes that it’s important for entrepreneurs to find investors who are on the same page about their company’s operating model. “Figure out how you want to operate your company and what type of investor can get behind that,” Bill says. For Bill, like-minded investors have usually been founders themselves. Working with investors who have been entrepreneurs might not be possible for every founder, but Bill says there are plenty of roads to success. “My advice is that there’s plenty of ways to do it,” Bill says. “How you run your company and how you fund your company are things that we, as entrepreneurs, should be able to choose. We can do things a little bit differently than everyone else.” Nathan Beckord is the CEO of Foundersuite.com , a software platform for raising capital and managing investors. Foundersuite has helped entrepreneurs raise over $1 billion in seed and venture capital since 2016. This article is based on an episode of Foundersuite’s How I Raised It podcast , a behind-the-scenes look at how startup founders have raised capital.

Bill Boebel Investments

11 Investments

Bill Boebel has made 11 investments. Their latest investment was in Founderpath as part of their Debt on February 2, 2021.

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Bill Boebel Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/16/2021

Debt

Founderpath

$10M

Yes

1

5/7/2014

Angel

LanternCRM

$0.25M

Yes

1

1/10/2013

Seed

Riskpulse

$0.63M

Yes

1

10/31/2012

Seed VC - III

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$99M

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10

5/16/2012

Seed VC

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$99M

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10

Date

2/16/2021

5/7/2014

1/10/2013

10/31/2012

5/16/2012

Round

Debt

Angel

Seed

Seed VC - III

Seed VC

Company

Founderpath

LanternCRM

Riskpulse

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Amount

$10M

$0.25M

$0.63M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Bill Boebel Portfolio Exits

3 Portfolio Exits

Bill Boebel has 3 portfolio exits. Their latest portfolio exit was Riskpulse on January 10, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/10/2020

Merger

1

00/00/0000

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$991

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10

00/00/0000

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10

Date

1/10/2020

00/00/0000

00/00/0000

Exit

Merger

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

10

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