Startup Funding Espresso -- The Importance of Responsiveness
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In managing deal flow, the key to winning the best deals is responsiveness. Startups submitting their deal are looking everywhere for funding and you\u2019re just one option among many. Here are some key points to consider: Automate the initial response to a deal submission with an email acknowledging the sender. Customize the follow-up with the sender\u2019s name. Make clear how your deal flow process works.\xa0 Set expectations as you proceed as some startups get overly excited when they\u2019re only 10% through the process. Provide a point of contact for the startup in case there\u2019s a breakdown in communication. Once qualified, set up a call with the startup to discuss their deal. Make clear what information you need for diligence. In each step, provide timely information about the process with the next steps. Apprise the startup of their status with your group to reduce the \u201cwhere are we at\u201d calls. Maintain responsiveness throughout the process. A quality deal-flow process burnishes the reputation of the firm and generates more deal flow. \xa0 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