Matt Blomstedt

Raise Your First Fund, a How to With SpringTime Ventures’ Matt Blomstedt

How to Raise your first fund With SpringTime Ventures. A fiifi blog series part 3 of 4

1. Tap into your 1st, 2nd, and 3rd degree network to cast a wide net when looking for potential investors

2. Set deadlines and create a sense of urgency to quickly build momentum and get LP commitments.

3. Communication is key when fundraising and managing your fund. Even if a lead goes cold

fiifi -- The Right Mentor for the Job

The Right Mentor for the Job

Find mentors that are 1–2 years ahead of you.

With an early stage mentor, ask targeted questions about the specific business challenges and hurdles that you’re experiencing.

Be responsive, engaged, and respectful

fiifi -- Mail Merge Cohorts, Vintage, Investors, Sectors

How to: Email Entire Cohort, Investments, Sector, Vintage

Making it simple to send messages to entire cohorts, sectors, vintage of fund and investors.

Fiifi has created it’s own mail merge service, making it simple to send to specific group and individuals.

How to: Adding Capital Calls & Distributions

How To: Add Capital Calls & Distributions

Keep accurate records of capital calls and distributions from your fund dashboard.

See fund size, total amount called and capital percent called. fiifi updates records for calls and distributions.

The software shows you net DPI automatically, how much has been distributed & to what totals you need to distribute to your LP’s (Limited Partners).

Upfront Mark Suster VC funnel vc deal flow

Early Stage deals and Micro VC’s

Funding is becoming much more competitive and concentrated within fewer early stage companies.

If you do set a high valuation, consider how that affects your sales, hiring, and ability to raise the next round.

The sheer number of seed funds has increased 2400% to around 800 in total since 2003.

Every no is That Much Closer to a Yes

Startup founders are better in their 40’s

As a leader: be tenacious, be coachable, and have integrity, above all else

As a team member: build partnerships and relationships

As an entrepreneur: ask questions, foster the right ideas, and convey your passion

Why Executives Fail

Why Executives & CEO’s Fail

Figure out what makes your team tick

When I stepped into my last large role, I had to look at my existing team and do a series of things.

PItchbook NVCA Venture Monitor

How to Raise Your First Fund with Green Cow Venture Capital’s Vikram Lakhwara

There have already been over 5000 deals in the first half of 2020 in the US in dozens of sectors.

How do you know where to focus your fund?

How can your vision convince investors and startups to join your first fund, second, and beyond?

Read on to learn how. Then follow @theron on Medium

How to solo capitalists, nano and micro fund managers. Auto calculate fund distribution and calls

How to: Add LP Allocations to fiifi

Add LP allocations from your fund dashboard.

From the GP Workspace to to the Fund menu item on the left.

Select “add” to the right of LP details.

Simply add their name, capital commitment, and amount contributed to date and fiifi automatically does the calculations for you, redistributing capital across the fund.

This is ideal for fund modeling in addition to building your fund.

adding investments using fiifi

Adding Investments

Add new investments to companies easily on fiifi. Add details like investment type, round, financials, and documents.

How to raise your first fund

How to Raise Your First Fund

Leverage your reputation and network

Show any traction

Anchor your commitment

Surround yourself with great people building great things.

Deal-flow engine, CRM, multiples graph

Deal-flow Engine & CRM, Multiple Returns

Deal-flow engine:
– Exposing high quality deal flow based on sector, stage, and social graph, saving time and eliminating manual processes.
– Track inbound and outbound deal flow from your network automatically.

Multiple returns:
– Make better decisions on future investments by visualizing multiple returns across your portfolio.

fintech, portfolio, diligence, adding companies to portfolio

How to Add Companies to Your Portfolio

Add investment companies using the “Add Company” button

Search for one or more companies or quickly upload a spreadsheet of your investments.

Everything GP

Effortlessly model fund scenarios & LP allocations

Automatic deal flow funnel by cohort, vintage, or date range

We manage your fund KPIs, export at any time

Easily Compare Documents

Filter & Compare Documents

Quickly filter and compare Documents, including pitch decks, deal memos, reports, and legalese.

Track KPIs and Cash Out Dates

Track monthly, quarterly or annual private company investment KPI’s.

You can also model your investments with different levels of revenue, churn and other factors.

Visualize

* MRR
* ARR
* Automated projections
* Churn
* Number of Customers
* Number of revenue Customers

Fiifi, Portfolio Intelligence, Simplified

About fiifi

Financial

Investment

fiifi helps investors manage their deal flow, documents, investments, and financial strategy.​

Reach out for more info on plans and pricing.