Fri, 30 July 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In running deal flow, here are some best practices to consider:
Automate your deal flow process as much as possible by capturing consistent information into one application.
Track deal flow sources and analyze on a regular basis.
This shows where the best deals are coming from and where to spend time.
Use online data sources to augment your deal flow information.
This step helps make follow-up decisions easier to figure out.
Monitor your deal flow activity for changes.
This shows the impact of the market and conditions and signals for a change in follow-up.
Set up workflow processes so the deal goes to the right people in the proper sequence.
Flag your most important deals to make sure they don’t fall through the cracks.
Optimize your system for your deal flow by gathering only the relevant information.
Connect your deal flow system to your email and other systems to integrate into the overall workflow.
Deal flow can be expensive in time and money, so it’s important to apply these steps to reduce the cost.
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