We're committed to helping firms make the most of their talent and resources by:
- Organizing your avalanche of deal information and files, saving time and reducing errors
- Streamlining collaboration, helping your team work together effortlessly
- Maintaining a history of every deal you've considered, for your own reference and for institutional memory
- Anchoring strategic decision-making in dealflow analytics
The dealflow funnel is the birthplace of ROI
We all know that the ultimate goal of an investment firm is to yield a targeted return on investment (ROI), which we do by investing in a portfolio of companies that will collectively yield or exceed that ROI. Operationally, we accomplish this by evaluating a stream of opportunities, which we typically call our "dealflow", and then filtering them through a due diligence process to arrive at a series of investment decisions.
To yield the greatest number of high-quality investments at the end of that process, we can adjust a few variables:
- Increase the number and quality of deals entering the top of the funnel (via "sourcing")
- Increase the number of deals you can put through due diligence ("throughput")
- Improve due diligence filtration quality
Mastering the flood of deal information
The priorities of investment systems and processes should be to increase the throughput and quality of your deal processing. The first step is the creation of a repository for all deal information, so that:
- The most up-to-date files and information are easy to identify, reducing avoidable errors and eliminating wasted search time.
- All deal team members can simultaneously and seamlessly access and contribute information — no more delays waiting for information requests between team members.
- Deal handoffs are easy, because all deal history and files are immediately accessible (this also lowers the risk and costs to the firm if a team member becomes suddenly unavailable).
- Routine tasks have very little overhead. Activities like logging a new deal, adding call notes, and preparing weekly pipeline reports should each take a trivial amount of time, given how many times a day we each need to do this.
You can't manage what you don't measure
Once you have all your deal information in one place, you can answer questions you perhaps hadn't even thought to ask before, because compiling the necessary data would have required a full-time analyst. Consider, for example:
- How is my dealflow changing over time? Are there cycles of sourcing volume, or is there a long-term directional trend?
- How much does each source of dealflow contribute? (personal contacts vs other investors vs conferences vs news, etc.) What is the real quality of each of those sources, as judged by how far along their deals get in our pipeline?
- What are the measurable contributions made by each team member, in terms of sourcing deals, owning deals, and supporting teams? While ROI for each partner is the ultimate score, in the shorter run other indicators might be predictive of success.
- What is my market share? (i.e.- of all the deals in my target sector that got done in a given time period, how many did I get to consider?)
If you're operating without good systems and processes in place, your firm is not achieving its full potential — you're wasting valuable time, under-utilizing your human capital, and making decisions in the dark. Contact us to discuss how we can apply our tools and experience to boost your firm's operations.
Read about the features of Sevanta Dealflow...