For many startup founders who are spending a good deal of time raising money, fundraising will become another full-time job. In the long run, it will become crucial to find strategies and tools to reduce the amount of time it takes to close investors and be as active and productive as possible with every single second that you are investing in the process.
This indicates that it will become a necessity to streamline the process by automating the most amount of tasks that you can so that you can increase the results that you are capable of producing.
Here is a list that’s been compiled below to help with your fundraising efforts.
DocSend is a robust analytics platform that is designed to help business owners gather information and insight from documents. This content management tool significantly improves the effectiveness and productivity of sales and marketing teams by letting them monitor, control, deliver and present sales materials with real-time document analytics.
By using DocSend, you’ll be able to see who is currently viewing a document, the length of time that it took them to view the page, as well as the recipients of their documents. The system gives users complete control over their documents even after they’ve been sent out. DocSend also helps the sales and marketing team discover what their clients and partners are thinking, helping them develop a more effective business strategies that propel their business forward.
Use Docsend to upload your pitch deck, create unique URLs, and then include the URL in your email. Once you’ve sent it to a potential investor, you’ll be able to see who’s viewing the presentation, how long they’ve spent on each page, and restrict access to the deck if you choose to do so.
Asana has become one of the most popular project management software currently available on the market. The powerful work management platform serves your team so they can remain concentrated on the goals, projects, and daily tasks as you continue to raise money.
To get your work completely organized, Asana allows you to plan and structure work in a way that’s best suited for your team. It skillfully allows you to set priorities and deadlines, share details and assign tasks in a single place. To remain on track, it allows you to follow projects and task through each stage. You know what stage each work is at and can keep everyone aligned to goals.
To help you reach deadlines, the platform allows you to create visual project plans so everyone can see how each step maps out over time. Using this tool makes it seamless to pinpoint risks and eliminate roadblocks.
Crunchbase is a platform that helps you find business information about private and public companies. CrunchBase information includes investments and funding information, founding members and individuals in leadership positions, mergers and acquisitions, news, and industry trends.
With the help of Crunchbase, you’ll be able to search through the information of each investor that you are in contact with. Their portfolio of other companies will be available to you. Having access to their portfolio will help you talk to their portfolio companies in order to gain a clearer picture of who you are planning to partner with.
Previously known as AngelSoft, this platform exclusively zeroes in on matching entrepreneurs with accredited investors. Gust offers a wide assortment of tools for creating effective venture capitalists pitches. The site will allow you to create both public and private business profiles, to put together a video pitch, search for investors, and to track investors activity on the site.
One massive positive point about Gust is that it allows entrepreneurs to sign up for free! The only ones that have to pay are investors. The site’s 1,000-plus investment group have successfully funded over more than 1,800 startups in the past year alone.
Slack is a messaging tool that gives you a single platform for all your communication needs. It offers real-time messaging, file sharing, archiving, and search. It’s developed for teams so you can have all your communication in a single online location, quickly searchable, and immediately accessible from any connected device.
Slack is capable of working with more than 1,500 external apps and services, giving users a single fully flexible and extendable platform. It has several internal and external sharing options so you can both receive and share with anyone. The software also offers advanced search, filters and sorting that makes it easier to get the proper files that you require. You can set up filters by variables such as recent type, relevance or file type. The app for this messenger can work with both iOS and Android, giving you complete functionality.
The messaging platform is quite popular among those in the business world, and many investors themselves use it. Inviting one to talk 1-on-1 through the platforms video chat can make meetings more seamless. Sharing files or links through the messaging app will ensure the proper information is shared between yourself and the potential investor.
Klipfolio is a leader in the cloud-based business dashboard application market. This tool makes important data accessible, visible, and transparent. This simple yet incredibly robust data platform allows businesses to turn their company data accessible and visible for people, with every information updated constantly at real-time accuracy. The software is integrated with over 1,000 data sources, including web-based services such as Google Analytics, social media platforms like Twitter, and on-premise data warehouses.
Klipfolio also showcases data in a very detailed manner through a customizable dashboard, allowing users to gather the information they need for better business decisions. With this robust business data dashboard, you’ll be able to monitor the health of your business continuously without having to expend much effort, time, and money.
Contactually is a tool that helps turn business relationships into results. This web-based customer relationship management (CRM) tool allows companies to oversee and manage communication activities with an easy-to-use and robust interface. The software is ideal mainly for any startup that wants to remain in contact with their investors, collaborators, and suppliers.
This tool allows you to import contacts from and allow users to build categories for contacts, use templates, merge accounts, or automate actions. Team members will also be allowed to share contacts and perform specific roles while simultaneously remaining coordination with their work.
Depending on the use of this, you’ll also have access to advanced features such as bulk messaging, quarterly business and usage reviews, targeting and segmentation, a comprehensive library of nurturing content, and more. Furthermore, Contactually has an open API infrastructure, and thus allows developers to build all sorts of custom integrations.
LinkedIn is a social networking platform specifically created for career and business professionals to connect. It’s filled with over 65 million professionals using LinkedIn to cultivate their careers and businesses. Unlike other social media platforms, LinkedIn’s main focus is to develop strategic relationships with others. Thus, the number of connections is less important than the type of connecting you make on this platform. LinkedIn stops showing a person’s actual number of connections once they’ve gained over 500 because it’s not about quantity but quality.
This platform has boasted members from almost every country and every industry under the sun. In fact, many Fortune 500 executives can be found on LinkedIn. This is a great place for any founder to search for potential investors and reaching out to them. Making a connection through this platform and joining the groups involving your industry can help you gain some incredible resources and support, and build relationships with potential customers, clients, and partners. It’s ideal for home-based business owners, freelancers, and telecommuters, as it can help them develop their business and career, as well as remain connected with the rest of the world.
CoFoundersLab is a massive network filled with entrepreneurs supporting founders that are seeking to build and scale businesses. CoFounderLabs helps entrepreneurs connect, meet, and collaborate with like-minded entrepreneurs.
Using CoFoundersLab can help you locate a co-founder, advisor, or teammate. You can also ask and answer technical and non-technical questions on the Discussion sections and join a low-fee, no-equity Virtual Accelerator. You’ll also be able to discover a fully-vetted team to develop your MVP. CoFoundersLab can also help you acquire new skills and knowledge in its Learning Center. Lastly, they have a section that allows you to attend in-person matchup events for entrepreneurs, making it a great way to make connections and find a co-founder that can help reach out to potential investors.
Angel Match is a database filled with 50k+ Angels and VCs to help founders raise capital for their startups.
Searching for investors who are the best fit for your business can be a quite exhausting and challenging process. Manually gathering information by searching through every investor’s profile on either LinkedIn, Crunchbase, AngelList, and email-finding tools can be incredibly time-consuming for any founder.
Luckily, Angel Match has managed to compile a massive database filled with angels and venture capitalists in one place, categorizing them by their names, locations, investments interests, past investments, and the companies they are associated with. Angel Match can also provide investor contact tags from AngelList, Facebook, LinkedIn, and Twitter along with the list of companies they are associated with.
As stated before, raising money can become a full-time job, so you need to be sure that you want to spend your time and effort in acquiring the necessary capital. Take the time to talk with other entrepreneurs who have worked with other angel groups or venture capital firms to find out more about their experience with investors. Become aware of the commitment you’ll need to make in your search for funding. While this isn’t may not be easy, these tools are resourceful and will help you as you campaign for money.