# Gusto's pitch deck

> Gusto's pitch deck: 32 slides, and the funding round we observed afterwards.

Source: https://millionrounds.com/decks/gusto (Millionrounds; every figure on the page links to its filing or article)

**Gusto** Bookkeeping and payroll 1 / 32 Read in the app

Pitch deck · Y Combinator Winter 2012

# Gusto's *pitch deck*

The deck, and the 10 rounds we watched Gusto raise afterwards, with the investors each report named.

Provides growing businesses with everything to take care of their team

32 slides 0.9MB US Bookkeeping and payroll Enterprise

Read the deck Free account. The deck belongs to Gusto, so reading it needs one; everything on this page is public.

What is in it

## The deck, slide by slide

Each slide by what it argues. 32 slides against a median of 13 across the 1,712 decks we hold.

*median*

- 1 **Cover**
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17 **Competition**
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32 **Contact**

Cover Competition Contact

What happened next

## $518M across 10 rounds

**10** rounds observed **$518M** reported in total **Feb 2012** first we saw **Jul 2025** most recent

- Jul 2025 Venture **Amount undisclosed** [A*](https://millionrounds.com/fund/a-star-co)[Emergence Capital](https://millionrounds.com/fund/emergence-capital)[Felicis](https://millionrounds.com/fund/felicis-ventures)[General Atlantic](https://millionrounds.com/fund/general-atlantic)[General Catalyst](https://millionrounds.com/fund/general-catalyst)[Pear VC](https://millionrounds.com/fund/pear-vc)[SV Angel](https://millionrounds.com/fund/sv-angel)[Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded
- Jul 2019 Series D **$200M** [Fidelity Management & Research Company](https://millionrounds.com/fund/fidelity)[General Catalyst](https://millionrounds.com/fund/general-catalyst)[T. Rowe Price Associates](https://millionrounds.com/fund/t-rowe-price) Reported by FinSMEs
- Jul 2018 Series C **$140M** [CapitalG](https://millionrounds.com/fund/capitalg)[Dragoneer](https://millionrounds.com/fund/dragoneer-investment-group)[Emergence](https://millionrounds.com/fund/emergence)[General Catalyst](https://millionrounds.com/fund/general-catalyst)[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins)[MSD](https://millionrounds.com/fund/msd-partners)[T. Rowe Price Associates](https://millionrounds.com/fund/t-rowe-price)[Y Combinator Continuity Fund](https://millionrounds.com/fund/y-combinator) Reported by FinSMEs
- Nov 2016 Round **$90M** [General Catalyst Partners Lead](https://millionrounds.com/fund/general-catalyst) Google Capital Lead [Aaron Levie](https://millionrounds.com/fund/aaron-levie) Aaron Patzer [Adam Nash](https://millionrounds.com/fund/adam-nash)[Alex Bard](https://millionrounds.com/fund/alex-bard)[Alexis Ohanian](https://millionrounds.com/fund/alexis-ohanian)[Ali Rowghani](https://millionrounds.com/fund/ali-rowghani)[Altimeter Capital Management](https://millionrounds.com/fund/altimeter-capital)[Andrew Chen](https://millionrounds.com/fund/andrew-chen) Andrew Houston Ariel Emanuel [Arjun Sethi](https://millionrounds.com/fund/arjun-sethi)[Ashton Kutcher](https://millionrounds.com/fund/ashton-kutcher)[Atom Factory](https://millionrounds.com/fund/atom-factory)[Benjamin Ling](https://millionrounds.com/fund/bling-capital)[Bobby Yazdani](https://millionrounds.com/fund/cota-capital)[CapitalG](https://millionrounds.com/fund/capitalg) Charles Cheever Chung-Man Tam Clara Shih [Dan Rose](https://millionrounds.com/fund/dan-rose) Daniel Veltri [Data Collective](https://millionrounds.com/fund/data-collective)[Dave Goldberg](https://millionrounds.com/fund/dave-goldberg)[David Sacks](https://millionrounds.com/fund/david-sacks)[Designer Fund](https://millionrounds.com/fund/designer-fund)[Dharmesh Shah](https://millionrounds.com/fund/hubspot-ventures) Douglas Sleeter [Elad Gil](https://millionrounds.com/fund/elad-gil)[Emergence Capital Partners](https://millionrounds.com/fund/emergence-capital-partners) Entrée Capital [Eric Ries](https://millionrounds.com/fund/eric-ries)[Evan Williams](https://millionrounds.com/fund/evan-williams)[Frontier Tech Ventures](https://millionrounds.com/fund/frontier-tech-ventures)[GV](https://millionrounds.com/fund/gv) Gail Goodman [Glynn Capital Management](https://millionrounds.com/fund/glynn-capital)[Hiten Shah](https://millionrounds.com/fund/hiten-shah)[Homebrew](https://millionrounds.com/fund/homebrew)[James Beshara](https://millionrounds.com/fund/james-beshara)[Jared Kopf](https://millionrounds.com/fund/jared-kopf)[Jared Leto](https://millionrounds.com/fund/jared-leto)[Jawed Karim](https://millionrounds.com/fund/jawed-karim) Jay Simmons Jed York Jeff Seibert [Jeremy Stoppelman](https://millionrounds.com/fund/jeremy-stoppelman)[Jerry Yang](https://millionrounds.com/fund/jerry-yang)[Joe Greenstein](https://millionrounds.com/fund/four-rivers-group) John Suhler Joseph Walla Josh Silverman [Joshua Schachter](https://millionrounds.com/fund/joshua-schachter)[Julia Popowitz](https://millionrounds.com/fund/julia-popowitz)[Justin Rosenstein](https://millionrounds.com/fund/justin-rosenstein)[Kal Vepuri](https://millionrounds.com/fund/kal-vepuri) Karen Mills [Kenny Van Zant](https://millionrounds.com/fund/kenny-van-zant)[Kevin Colleran](https://millionrounds.com/fund/kevin-colleran)[Kevin Hartz](https://millionrounds.com/fund/a-star-co)[Kevin Systrom](https://millionrounds.com/fund/kevin-systrom) Kindling Capital [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) Kris Duggan Larry Augustin Larry Summers [Lee Linden](https://millionrounds.com/fund/lee-linden)[Marco Zappacosta](https://millionrounds.com/fund/marco-zappacosta) Mariam Naficy [Mark Britto](https://millionrounds.com/fund/mark-britto)[Mark Leslie](https://millionrounds.com/fund/mark-leslie) Matt Cutts [Matt Humphrey](https://millionrounds.com/fund/matt-humphrey)[Matt Mickiewicz](https://millionrounds.com/fund/matt-mickiewicz)[Matt Mullenweg](https://millionrounds.com/fund/matt-mullenweg) Matthew Rogers [Max Levchin](https://millionrounds.com/fund/max-levchin)[Obvious Ventures](https://millionrounds.com/fund/obvious-ventures)[Paige Craig](https://millionrounds.com/fund/paige-craig)[Patrick Collison](https://millionrounds.com/fund/patrick-collison)[Paul Buchheit](https://millionrounds.com/fund/paul-buchheit)[Pear Ventures](https://millionrounds.com/fund/pear-vc)[Pejman Nozad](https://millionrounds.com/fund/pejman-nozad)[Phil Libin](https://millionrounds.com/fund/phil-libin)[Ram Shriram](https://millionrounds.com/fund/ram-shriram)[Ribbit Capital](https://millionrounds.com/fund/ribbit-capital)[Ryan Holmes](https://millionrounds.com/fund/ryan-holmes)[Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)[Sam Altman](https://millionrounds.com/fund/sam-altman) Samuel Lessin Sherpalo Ventures [Signatures Capital](https://millionrounds.com/fund/signatures-capital)[Start Fund](https://millionrounds.com/fund/start-fund)[Steve Loughlin](https://millionrounds.com/fund/steve-loughlin) Sue Decker [Tien Tzuo](https://millionrounds.com/fund/tien-tzuo) Tobias Lutke Trip Adler [Troy Carter](https://millionrounds.com/fund/troy-carter) WME Venture Partners [Wayne Chang](https://millionrounds.com/fund/chang-corporation)[Y Combinator](https://millionrounds.com/fund/y-combinator) Zachary Bogue Source recorded
- Apr 2015 Series B **$60M** [Altimeter Capital](https://millionrounds.com/fund/altimeter-capital)[Emergence Capital Partners](https://millionrounds.com/fund/emergence-capital-partners)[General Catalyst Partners](https://millionrounds.com/fund/general-catalyst)[Glynn Capital Management](https://millionrounds.com/fund/glynn-capital)[Google Capital](https://millionrounds.com/fund/google-assistant-investments)[Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) Source recorded
- Aug 2014 Venture **$500K** No investor was named in the report. Source recorded
- Apr 2014 Seed **$1.3M** [Elevate Ventures](https://millionrounds.com/fund/elevate-ventures-3) Source recorded
- Feb 2014 Series A **$20M** [AFSquare](https://millionrounds.com/fund/afsquare)[General Catalyst Partners](https://millionrounds.com/fund/general-catalyst)[Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[Obvious Ventures](https://millionrounds.com/fund/obvious-ventures) Source recorded
- Dec 2012 Seed **$6.1M** [Aaron Levie](https://millionrounds.com/fund/aaron-levie)[Benjamin Ling](https://millionrounds.com/fund/bling-capital)[Bobby Yazdani](https://millionrounds.com/fund/cota-capital)[Dan Rose](https://millionrounds.com/fund/dan-rose)[Data Collective](https://millionrounds.com/fund/data-collective)[David Sacks](https://millionrounds.com/fund/david-sacks)[Drew Houston](https://millionrounds.com/fund/drew-houston)[Elad Gil](https://millionrounds.com/fund/elad-gil)[Google Ventures](https://millionrounds.com/fund/gv)[Jawed Karim](https://millionrounds.com/fund/jawed-karim)[Jeremy Stoppelman](https://millionrounds.com/fund/jeremy-stoppelman)[Joshua Schachter](https://millionrounds.com/fund/joshua-schachter)[Julia Popowitz](https://millionrounds.com/fund/julia-popowitz)[Kris Duggan](https://millionrounds.com/fund/kris-duggan)[Larry Augustin](https://millionrounds.com/fund/larry-augustin)[Lee Linden](https://millionrounds.com/fund/lee-linden)[Mark Leslie](https://millionrounds.com/fund/mark-leslie)[Paul Buchheit](https://millionrounds.com/fund/paul-buchheit)[Pejman Nozad](https://millionrounds.com/fund/amidzad-partners)[Ram Shriram](https://millionrounds.com/fund/ram-shriram)[Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)[Sherpalo Ventures](https://millionrounds.com/fund/sherpalo-ventures-llc)[Signatures Capital](https://millionrounds.com/fund/signatures-capital)[Start Fund](https://millionrounds.com/fund/start-fund)[Tien Tzuo](https://millionrounds.com/fund/tien-tzuo)[Y Combinator](https://millionrounds.com/fund/y-combinator) Reported by techcrunch.com
- Feb 2012 Seed **Amount undisclosed** [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)[Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded

[Everyone who backed Gusto](https://millionrounds.com/company/gusto)

Form D

What they told the regulator

## Gusto filed 8 Form Ds with the SEC

The company reporting its own raise, rather than a journalist reporting it.

**$175M** sold under the offering **Aug 2021** most recent filing

1 / 32

The deck itself

## Read Gusto's full pitch deck

All 32 slides, each read for what it argues and set against the decks that raised at the same stage. The cover is shown here; the rest is read in the app.

Read the deck *→* Free account. The deck belongs to Gusto.

## Investors who claim them

Firms listing Gusto on their own portfolio page: the firm's own account rather than a round we watched. Weaker than an announcement, much stronger than a list somebody sold us.

[**Homebrew** VC firm](https://millionrounds.com/fund/homebrew)[**Acrew Capital** VC firm](https://millionrounds.com/fund/acrew-capital)[**Unusual Ventures** VC firm](https://millionrounds.com/fund/unusual-ventures)[**S32** VC firm](https://millionrounds.com/fund/s32)[**Glynn Capital Management** VC firm](https://millionrounds.com/fund/glynn-capital)[**Aspect Ventures** VC firm](https://millionrounds.com/fund/aspect-ventures)[**Cross Creek** VC firm](https://millionrounds.com/fund/cross-creek)[**Sherpalo Ventures** Angel network](https://millionrounds.com/fund/sherpalo-ventures-llc)[**Section 32** VC firm](https://millionrounds.com/fund/section-32)[**Friends & Family Capital** VC firm](https://millionrounds.com/fund/friends-and-family-capital)[**Night Capital** VC firm](https://millionrounds.com/fund/night-capital)[**Gopher Angels** Angel network](https://millionrounds.com/fund/gopher-angels)[**Aurum Partners** VC firm](https://millionrounds.com/fund/aurum-partners)[**Blake Byers** Angel](https://millionrounds.com/fund/blake-byers)[**Haymaker Ventures** VC firm](https://millionrounds.com/fund/haymaker-ventures)[**Annox Capital** VC firm](https://millionrounds.com/fund/annox-capital)[**Dria Ventures** VC firm](https://millionrounds.com/fund/dria-ventures)[**Partner Ventures** VC firm](https://millionrounds.com/fund/partner-ventures)[**Akkadian Ventures** VC firm](https://millionrounds.com/fund/akkadian-ventures)[**Audrey Capital** VC firm](https://millionrounds.com/fund/audrey-capital)[**Jessica Verrilli** VC firm](https://millionrounds.com/fund/jessica-verrilli)[**Owl Capital** VC firm](https://millionrounds.com/fund/owl-capital)[**BARE Ventures** VC firm](https://millionrounds.com/fund/bare-ventures)[**Catapult** VC firm](https://millionrounds.com/fund/catapult-vc)[**Conduit** Accelerator](https://millionrounds.com/fund/conduit)[**Golden Wok** VC firm](https://millionrounds.com/fund/golden-wok)[**Haymaker Growth** Investment firm](https://millionrounds.com/fund/haymaker-growth)[**Next Round Capital Partners** VC firm](https://millionrounds.com/fund/next-round-capital-partners)[**Transform Capital** Private equity](https://millionrounds.com/fund/transform-capital)[**Very Serious Ventures** Angel network](https://millionrounds.com/fund/very-serious-ventures)

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[Browse all 1,712 decks](https://millionrounds.com/decks). We hold no record of where this file came from or on what terms. If it is yours and you would rather it were not here, [tell us](https://millionrounds.com/corrections?deck=gusto) and it goes.