How to build a target investor list using Crunchbase. 👇
First, you’ll need Crunchbase Pro. At $25/mo, not bad.
Then, I use Airtable, specifically the Linked Table feature.
Step 1: Go to Crunchbase and search for funding rounds (not companies), filter by relevant categories (for funded org), the right funding type (Eg seed), geo, and then do “announced after” and pick a date 2 or 3 years ago.
These are funding rounds by startups relevant to you.
Step 2: Export list to csv. Make sure you have the “investors” column in there.
Import csv to a new Airtable.
Step 3: Go to the “Investor Names” column > Edit Column Type > Link to another table > Create New (title it “Investors”).
What this does is separate the column by comma and create a new row for each investor in a new table.
Step 4: Go to linked “Investors” table. It should auto have a column w all the linked funding rounds. Create a “count” column on this.
Step 5: Sort by Count desc.
What you’ll have is a list of the most active investors in your geo/industry, sorted by activity, w reference to recent deals.
Step 6: You can repeat this search for each industry and geo separately, which will give you more granular data (Eg. “this investor invests locally AND in my sector often”).
Step 7: Once you have this list, use LinkedIn to see if you have intro paths (use LinkedIn premium and search for “current companies > add firm names” and “2nd degree connection” for intro paths.
If no luck, you can try cold emailing them. Or try to reach a portfolio founder.
If you liked this thread, you might like this one 👇
I’m an outbound focused VC, meaning I reach out to most of the founders I talk to, not the other way around.
A lot of people ask me about my process. It’s not a secret. Here it is 👇
1/ I spend a lot of time on AngelList, ProductHunt, and am on many investor lists for accelerators. I have a Google Alert for “startup pitch competition”. Twitter is great too. I look at as many startups as I can find.
2/ I have a custom bookmarking tool to quickly save startups that peak my interest. It drops in my CRM and pings the Crunchbase API. I’ve tracked about 1000 in the last 6 months.
Been quietly working on this thru 2020... Excited to finally share @UntappedVC, a new VC firm I started w/ my true friend and role model @jessicajackley!
Some deets (like our portfolio) below👇
1/ We’re a pre-seed/seed fund investing in unexpected founders, found off the beaten path, not well connected to VCs. We’re talking young, underrepresented, small town, immigrant, and so on.
2/ These founders aren’t in our network (almost by definition), so we primarily source through outbound, meaning we reach out to founders.
We look at tens of thousands, track and tag thousands, and reach out to the startups that stand out.
How to raise a seed round. Just one process, adjust accordingly. Missing lots of nuance. 👇
1/ Understand your business, its strengths and weaknesses. Look up metrics for similar business models at your stage to get context. Build your own pro forma, review w others.
2/ Build a list of Angels/VCs: dream/top tier, in your network, local, thematically fit. Prioritize A-C. Use LinkedIn to find potential intro paths. Track connectors in fundraising CRM.