“Fundraising is an Enterprise Sales Process”
This statement resonated as I just spent the last quarter raising $1.75mm for an initial go at a seed stage debt fund.
I figured I’d share some metrics you can consider applying to your capital raise process along with a Google Sheets CRM template for tracking and measuring your progress. I’ve iterated on this document through my process, and hope you find it helpful in yours.
Click into the template below where you can see the metrics listed at a high-level with supporting calculations and the tracking template
Capital Raise_Metrics Metric, Meaning, Measurement, Customer Acq. Metric Comp Raise Cycle(# Days), On average, how long…docs.google.com
A few things to consider:
- This is for more than organization: It’s for holding yourself accountable. Many of us are uncomfortable asking for money (aka dialing for dollars), but if you’ve committed to raising capital, you have to get over it and hit it hard.
- Diligence pays off: Nobody I know loves data entry, but be diligent in your tracking, whether in this template or a CRM.
- Track by Acquisition Channel: Consider tracking the above metrics by investor acquisition channel at the individual potential investor level. For example, referral from a current investor or someone who passed?, former colleague/employer? invested in space or tangential? total cold outbound? Do the metrics show they behave differently? Do the results jive with your expectations? Can you learning anything here?
Holler with any questions: firstname.lastname@example.org