011. Work Your System
Do you have an investor update list? Are you using a CRM? You should be doing both.
About SpringTime Ventures
SpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $400k to $600k. You can learn more about us and our approach.
About Rich Maloy
Rich's mission is to rebuild the American dream through entrepreneurship. He works with early stage startups transforming the world, giving all people the opportunity to grow, learn and earn. With prior careers in finance and sales, he's now focused on startups investing through SpringTime Ventures where he is a Managing Partner. He's a father of two young children and loves sci-fi, skiing, and video games.
This is Rich Maloy with SpringTime Ventures,bringing you the VC Minute,quick advice to help startup founders fundraise better.Next up,you need to start working your system My friend Jameela said the other day,"the magic is in the follow-up,"and I love this.The magic is in the follow-up.You need to follow up with investors on a regular basis.Do you have an investor update list?Are you using a CRM?You should be doing both.How will people know that you are throwing the coolest pool party around,if you don't tell them?I said this earlier and it's worth repeating:your job as the Chief Pool Party Officer involves organization and communication.You need a CRM for both of these.You fundraise CRM should have investors grouped by stage with notes about the last meeting,their check size,what their next steps are,who you spoke to,who they can refer you to.You can do all of this for free in Excel or Airtable.Airtable even has a fundraising template that you can use.Whatever it is,you need to be organized.Organization,in your fundraise,brings focus.
Throw the hottest pool party in town
Get you started on your fundraising journey. In true VC Minute fashion, all 50 episodes are less than 1 hr 30 min combined.
