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Reply To: Best Early Stage VC Firms in USA. 

 

By  paymenthuddle

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Newbie 1

I also recently became a Referral Partner for Serent Capital (VC firm out of San Francisco). They gave me some great information on the process for these VC and PE companies.

1 – They look at roughly 2,000 proposals per year. This does not include the number that blindly get sent to them.

2 – Of the 2,000 reviewed, they will set up Management meetings (whether in person, or remote) with roughly 100 of those companies.

3 – Of the 100 Management meetings they attend, about 45-50 of these companies will get a Letter of Intent to close.

4 – They will close and provide funding on roughly 15-20 of the LOI’s.

So 2,000 proposals become 15-20 that close annually. And Matt is correct, many times you need an introduction if you want to get anywhere with some of these companies.

Thanks,
Max

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