By: Anthony Marino
Here at SOSV, a global venture capital firm that makes over 150 investments each year through our accelerator programs, we are constantly searching for investors that suit our companies. Times have changed in VC, and now that $100-million dollar financing rounds have become common (268 already in 2018!), it can be challenging to find the right investor to get your company off the ground.
Further complicating the process is finding an investor who is interested in your industry, vertical, geography AND round size. This post will provide tips to help you track down the proper investors for your first round of financing.
Pitchbook has been a holy grail for us. We are able to sort investors by over 100 different preferences and fund characteristics such as AUM, dry powder (money left for investment), preferred investment amount, preferred investment stage, etc.
All of this information can then be exported directly to Salesforce or downloaded to an excel file for easy reference and personal filtering. The user interface can be tricky to navigate at times, but the major downside is the cost of the platform: >$5,000 per year.
If you are connected to an analyst or individual with access to Pitchbook, you might save some $$$. And what if you don’t? Here are some free ones!
Signal.VC is a powerful investor search engine. The value to using Signal VC is that they use your LinkedIn network to determine the strength of your connection to specific investors.
The home page by default shows the highest strength connection into specific VC firms. This page also lists the min, “sweet spot” and max check size the firms typically write.
Lastly, this home page shows VC geography preference and other companies they have invested in. All of this is shown without any sorting.