Fri, 23 July 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Running deal flow is a time-consuming process.
There are steps you can take to automate it.
Here are some key points to consider:
Standardize the information you collect by using forms on the website.
Capture referral partners or sources so you can measure the results.
Collect the startup submissions to run metrics and track progress.
Use well-structured data sets so you can apply automation tools for analysis and data pulls from other platforms and software applications.
You can set up search tools to look up the founder and company to provide background information.
With a filled-out dataset, you can run reports on trends on the deal flow such as sector, stage, and fundraise amount.
With work automation software, set up to pull information from your CRM and other sources such as social media.
You can capture information from online databases such as Crunchbase and other tools to fill out more details.
These techniques improve your captured data and help you identify ideal startups to pursue.
Tracking the deal flow will help you identify the best sources of deals.
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