Startup Funding Espresso -- Deal Flow Stages
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Investors should set up a deal flow process that takes startups through in a timely manner. Here are the deal flow stages: Initial contact -- before reviewing a deal there\u2019s often a call or email that describes the deal. It\u2019s best to provide initial feedback and ask key questions about key criteria. Encourage those that meet the criteria to apply, and discourage those that don\u2019t. Submission -- the startup provides a deck or executive summary.\xa0\xa0 Review the deal for your key criteria. It\u2019s best to give a fast \u201cno\u201d so it doesn\u2019t waste everyone\u2019s time. First call -- set up a call with the ones that meet your criteria to learn more. Explain how your diligence process works and the amount of time it takes. Team review -- review the deal with your team. Determine additional questions to ask and decide the next steps. Second call -- the startup meets the team. The team and the startup take a deeper dive into the business and everyone gets to know each other better. Diligence --\xa0 the team starts diligence on the deal. Discuss valuation and other terms. By now, both sides should be in the same range. Closing -- the team wraps up diligence and finalizes the investment documents. Both sides should be looking to close.\xa0 At each stage, educate the startup about the process and their status. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group\xa0\xa0 Music courtesy of