We know how much effort goes into preparing your deck. More than that, we know that behind every deck is a dream, not only to build a company, but often to change the world. That’s why we are committed to reviewing and responding to every one of the several thousand we receive each year.
In the post, we look at what happens when you submit your deck to us, shining a light on the different stages it goes through and attempting to demystifying the VC decision making process at the same time.
Our ‘open to anyone “pitch us”’ form on our web site: https://playfair.vc/pitch-us.php
We use an internal tool called Affinity to manage all our pipeline and progress companies through the nine key different stages. For anybody who has run a sales team, we move companies through these stages in the same way you would move prospects through a sales pipeline to ‘closed’ or ‘lost’:
All deals will eventually end up in one of these:
Self-explanatory!
Also self-explanatory!
To get a better understanding of what we look for, please check out this post.
Every deck starts here.
It does not matter whether the deal came through our pitch form, or from another source, they all start in this status.
One of the team will review the deck and assess whether the opportunity is a fit for Playfair. We aim to do this and get back to you within a maximum of two weeks, but normally it is a lot faster, and typically within a week.
A number of decks will not pass this stage.
Typical reasons include: