Transamerica Ventures filters 5,000 annual opportunities down to five investments
Andrew Pitts · 827: VC: $140m FinTech, InsurTech Fund on How They Invest · Oct 29, 2017 · at 9:55
Andrew Pitts, Investment Manager at Transamerica Ventures, explains the corporate venture fund's annual deal flow and funnel conversion metrics.
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“I'll see, essentially, when you add in, I'll probably see somewhere like a hundred different opportunities per week, just reading newsletters and stuff so I'll see, say, 5000 a year, I'll, like, actually look at maybe 500 of those, like, a little bit deeper, like, do a little homework on each one, that's, like, 10 a week, and then from that, I'll probably meet with two 50, sorry, not two 50, I'll probably do a little bit deeper dive on, like, two 50, meet with well, yeah, I'll do calls with maybe five a week. That's about right. Maybe, maybe five to 10 a week. So somewhere between two 5500 deeper meetings with maybe a hundred to one 50 per year where we kind of do multiple meetings and then, you know, we'll, we'll deep due diligence on maybe 25 and then we'll do like five investments.”
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