On the Metal platform, across 10,000+ raise processes, the single biggest point of failure lies in targeting VCs that are not “likely” partners for a given company. Specifically, our analysis shows that about 70% of all VCs that a founder targets are typically not a good fit for their Company’s specific stage, sector and business model.
Fundraising Playbook
Most Likely Investors
At any given point in time, there are 10,000+ active VCs globally that are writing checks into companies. For any given Company, there is only a very small subset of these VCs that are most relevant.
On an ongoing basis, we see Consumer founders looking for a lead investor for Series A targeting racking up calls with investors that haven’t done a Consumer deal in years. We see B2B SaaS founders raising a pre-traction pre-seed round targeting seed-stage VCs that typically want to see clear signs of growth and product-market fit.
Consultants can help founders avoid the above pitfall by using Metal’s advanced software capabilities to seamlessly and automatically identify the most likely investors.