Reporting

Sending investor updates is a surefire way to tap into your current (or potential) investors' knowledge, capital, and experience. Investor updates keep your company top of mind and improve your odds of getting help with fundraising, hiring, strategy, and other issues that arise as a founder. However, sitting down and writing an update can be challenging for many founders. By leveraging AI, you can get over the cold start problem and get a head start on your next update with just a few data points. Integrating ChatGPT can further enhance the reporting process by adding depth, analysis, and narrative context to the raw metrics. Here’s how founders can do it. Related Resource: AI Meets Your Investor Updates Data Preparation Begin by exporting the key metrics and data points you want to share from Visible. This could include charts, graphs, or tables related to sales, customer growth, churn rate, financials, etc. Ensure your data is well-organized and accurate so you can share the results with your generative AI model of choice. Have specific numbers on hand for quick reference, such as revenue growth, churn rates, user acquisition costs, etc. Prompt Tips Review & Personalize Take the insights and analysis from ChatGPT and integrate them into your investor update. Adjust the language or depth of analysis to match the preferences and knowledge levels of your investors. Incorporate Visuals Visible already offers compelling visual data representation. Ensure that the written context provided by ChatGPT complements these visuals. For instance, a chart showing revenue growth coupled with a ChatGPT-derived narrative can provide a comprehensive view of financial health. Fact-Check & Verify Always double-check AI-generated content for accuracy. Ensure that the insights and interpretations align with your understanding and are factually consistent with the data from Visible. Feedback Loop After sending out the investor update, gather feedback. This will help you adjust the depth, tone, and content for future communications. By integrating ChatGPT's narrative capabilities with Visible's data representation, founders can create rich, insightful, and highly contextual investor updates that not only inform but also engage stakeholders in meaningful ways. Related resource: How AI Tools are Reshaping Venture Capital: Tools to Know Benefits of Using ChatGPT for Investor Updates Utilizing ChatGPT or other advanced AI language models can significantly enhance the process of crafting investor updates in several ways: Data Interpretation Insightful Analysis: AI can quickly process and analyze large datasets, highlighting important trends, anomalies, and patterns that might be missed with manual analysis. Contextual Comparison: By comparing your metrics with known industry benchmarks or historical data, AI can provide contextual insights into the company's performance. Narrative Creation Cohesive Storytelling: ChatGPT can help craft a narrative around raw data, turning numbers into a compelling story that communicates the company's journey, challenges, and triumphs. Consistent Tone: AI ensures that the tone of the update remains consistent throughout, whether it's formal, friendly, or somewhere in between. Time Efficiency Quick Turnaround: Drafting updates can be time-consuming. ChatGPT can rapidly generate well-structured drafts based on provided data, which founders can then review and adjust as necessary. Multi-version Generation: AI can generate multiple versions of an update, tailored to different investor personalities or preferences. Content Suggestions Comprehensive Reporting: AI can suggest relevant content to include, ensuring that critical aspects are not overlooked. This might include operational updates, financial highlights, or market trends. Personalized Updates: ChatGPT can generate updates tailored to specific investor groups or individual stakeholders based on their interests or investment focuses. Error Reduction Grammar & Syntax: ChatGPT ensures that the language used is grammatically correct and professionally composed. Fact-Checking: While AI isn't a replacement for manual fact-checking, it can help identify inconsistencies or potential errors in data presentation. Feedback Analysis Interpret Responses: If founders receive feedback or questions from investors, ChatGPT can help interpret and suggest appropriate responses or clarifications. Iterative Improvement: By analyzing feedback over time, the AI can refine the style and content of updates to better meet investor expectations. Scalability Handling Volume: For founders managing multiple ventures or reporting to a large number of stakeholders, ChatGPT can scale the update creation process without sacrificing quality. Template Generation Standardized Reporting: ChatGPT can help create templates for regular updates, ensuring consistent reporting structures while still allowing for customization based on the period's specifics. While ChatGPT and similar AI models offer numerous advantages in crafting investor updates, it's crucial for founders to remain actively involved in the process. The authenticity of the founder's voice, combined with the analytical power of AI, can create powerful and impactful communications. Prompts for Crafting an Investor Update with ChatGPT There are a few ways to approach ChatGPT as a source to help with your investor updates. Individual Section Prompts On one hand, you can enter each individual update section into ChatGPT and use a prompt for each section. For example, let’s say you have the following highlights from the last month: Hired 2 new sales reps — Brett & Amanda Grew 50% quarter over quarter to hit $1M in ARR Launched Big Product X You can enter the above into a prompt like this example "Briefly recap our company's highlights..." and carry on with this approach for each individual section of your update. Check out the most common content sections in Visible Updates below: One Prompt On the other hand, you can take any individual data points, qualitative or quantitative, from the previous period and enter them into ChatGPT with a prompt like the following: "Turn the following into an investor update with additional context around the month-over-month KPI data and an intro of 40 words or less [Copied in Update Contents]" Before ChatGPT Using the prompt above, we took the follow update points and turned it into an Update Highlights Hired 2 new sales reps — Brett & Amanda Grew 50% quarter over quarter to hit $1M in ARR Launched Big Product X Lowlights Blake, our lead developer, has quit KPIs Product Launches Big Product X has been a success. We have signed up 1,000 users in the first week and $10,000 in revenue Asks We are looking for users for Big Product X. Ideally they are a marketing professional with a team of 5 or more Looking for a lead developer that is based in Chicago with 8+ years experience Fundraising Efforts We are kicking off our seed round. Need intros to SaaS, Seed stage investors in midwest. Thank Yous Thanks to Kelley from Venture Fund X for making introductions to Big Company Y, our biggest customer yet. After ChatGPT In October, our journey marked significant achievements amid a few challenges. Let's delve into the details: Highlights Team Expansion: Welcomed Brett & Amanda to our sales team, enhancing our capabilities. Impressive Growth: Achieved a 50% QoQ growth, hitting $1 million in Annual Recurring Revenue. Product Success: The launch of Big Product X was a triumph, securing 1,000 users and $10,000 in revenue within a week. Lowlights Talent Loss: Unfortunately, our lead developer, Blake, departed. KPIs - A Closer Look September 2023: Revenue: $100,000 Cash Balance: $1,000,000 Gross Profit: -$10,000 Headcount: 12 October 2023: Revenue: $150,000 Cash Balance: $1,100,000 Gross Profit: $100,000 Headcount: 14 Asks User Acquisition: Seeking users for Big Product X, particularly marketing professionals with a team of 5 or more. Talent Search: In pursuit of a lead developer based in Chicago with 8+ years of experience. Fundraising Efforts We are launching our seed round and would greatly appreciate introductions to SaaS and seed-stage investors in the Midwest. Thank Yous Our heartfelt thanks to Kelley from Venture Fund X for the introductions that led to Big Company Y becoming our largest customer to date. Your continued support is invaluable, and we look forward to sharing more accomplishments in the months ahead. Sincerely, [Your Name] [Your Title] [Your Contact Information] Learn More About Visible Updates With Visible you can find investors, send monthly Updates, share your pitch deck, and manage relationships with our CRM. Give Visible a free try for 14 days here.

The volatility of the markets and decline in deal activity makes private valuation adjustments especially challenging this year. Yet even under these circumstances LP’s expect portfolio valuations to be accurate and justifiable. As a VC, you should be prepared for auditors to be even more involved during this year’s audit process as they ensure valuations are as close to reality as possible. Webinar Overview Belle Raab from Visible and Danielle Darley from Weaver discussed how to best prepare for your end-of-year audit. Discussion topics: What, why, who behind the audit process What to anticipate for this year's audit Preparing for the audit process Establishing an audit timeline Recommended do's & don'ts Related Resources: A Simple Breakdown of the VC Audit Process Venture Capital Valuations: Tips for Preparing Valuations for Your Annual Audit Five Simple Steps Key Venture Capital Staff Can Take to Support a Successful Audit Establishing a Valuation Policy

Raise capital, update investors and engage your team from a single platform. Try Visible free for 14 days. Startup founders are responsible for many duties. — from hiring top talent, building and selling a product, fundraising, communicating with stakeholders, and everything in between. Founders often get pulled in many directions so overlooking certain roles or duties can be easy. When done right, an investor relations strategy can take up little time every month and pay off with added help with hiring, fundraising, strategy, and more. Related Resource: Investor Relationship Management 101 Learn how to get started with an investor relations strategy below: What is an investor relations strategy? As put by the team at Investopedia, “The investor relations (IR) department is a division of a business whose job it is to provide investors with an accurate account of company affairs.” Investor relations are typically associated with publicly traded companies to help investors make a decision to invest in a company. As you’ll notice in the definition above, they use a “division or department” whereas at a startup this is typically a department of 1 — the founder or CEO. However, an investor relations strategy can be a lever for success for startups and privately held companies. An investor relations strategy will help founders tap into their current investors’ capital, time, network, and experience to help scale their business. Challenges in investor relations Building relationships with investors is easier said than done. Building a startup is full of ups and downs so approaching the individuals and firms that are invested in your business can be intimidating. Like all things related to building a business, there are some challenges when it comes to investor relations: Sticking to a schedule Sharing bad news Finding the right information and data to share Learn more about overcoming these challenges in our post, The Complete Guide to Investor Reporting and Updates. Why an investor relations strategy is crucial for startups As we previously mentioned, keeping up with all of the roles and responsibilities can be difficult. Having an investor relations strategy is a good way to tap into your existing stakeholders to unlock help when it comes to hiring, fundraising, strategy, and more. Builds trust and credibility First things first, investors need to trust you and your business so you can lean into them for help with your business. Investors are a well-networked community so word will get around quickly how you communicate with investors. Something as quick as a monthly update to existing investors, will put you ahead of the majority of startup founders and help you stand out from the pack. Attracts and retains investors As put by Laurel Hess, the Founder of Hampr, “Taking the time to review your business with your stakeholders is actually a really great opportunity for growth – if you view it that way, there is a ton of potential to unlock. I have gained the following from my regular updates: Intros to potential investors Additional capital for a round I’m working on Intros to new verticals for expansion Advice on strategy for a problem we are working on Intros to new mentors/advisors to unlock the next phase of growth All this for just 1 hour of my time each month? That is the definition of “no brainer.” This 1 hour of monthly work can pay dividends when it helps to raise a new round of capital from existing investors or asking for introductions to potential investors down the road. Helps with hiring, fundraising, and strategy Startup investors are likely investors in 10s or 100s of other businesses and have a professional background of their own. Because of this, they are typically well-networked in the “startup world” and are able to help when it comes to hiring, fundraising, company strategy, and more. In order to tap into their network, they need to trust you and be willing to put their reputation with their network on the line. As put by Elizabeth Yin of Hustle Fund, “If you don’t write regular updates, your investors won’t want to help you. It’s hard to help a company and put your own social capital on the line with your network when you have no idea what is happening in your own portfolio company.” Essential components of an investor relations strategy An investor relations strategy will look different for every business. However, there are a few key components that most founders will benefit from including in their investor relations strategy. Communication plan Communication is at the core of any relationship. By sticking to a regular communication plan you’ll be able to strengthen relationships and build trust. For many early-stage founders a communication plan might look something like: Regular monthly updates at the start of the month Quarterly board meetings (in person or over Zoom) One-off communication and phone calls as needed Your mission, story, and vision Investors need to buy into your company’s mission, vision, story, and values. This is typically done during the fundraising process but it is important to continually hit on your mission and vision. Financial reporting and disclosures Of course, investors need to know how your business is performing. At the end of the day, if investors are not aware of your financial position and core metrics, they will not be able to help where needed. Check out the most common metrics that VCs expect from their portfolio companies below (read more here): Investor relationship management As we previously mentioned, investor relationship management will look different depending on the founder or investor. However, when it comes to communicating and sharing information it typically helps to include some or all of the following: Wins and mosses Key metrics Make specific asks Stay consistent Respond promptly Learn more about the importance of investor relationship management in our blog, Investor Relationship Management 101: How to Manage Your Startups Interactions with Investors. Crisis management and contingency planning A core part of an investor relations strategy is crisis management and contingency planning. For many startups, this will come to life during board meetings. However, having a plan for how to deal with a crisis is important. For some founders, this could be a one-off phone call to board members or the most engaged investors. It could come in the form of email, in-person meeting, etc. At the end of the day, having a plan in place for when emergencies hit is important. Investor feedback and engagement For an investor relations strategy to truly work, your investor needs to be engaged. An investor relationship requires work from both the founder and the investor. Sticking to a plan and regular communication schedule will lend its way to investors engaging and offering feedback. Being pointed about where you need help and how you can help investors is a great way to spur engagement. Another pro tip is to publicly call out the investors who are going above and beyond to help your business – this will help gamify your investor relations and encourage other investors to speak up. Related Resource: Investor Outreach Strategy: 9 Step Guide Maximize your investor relations strategy with Visible Visible is the home of investor relations for thousands of startup founders. Use our Updates tool to reguarly share your key qualitative and quantitative data with investors. Build relationships with potential investors using our pitch deck sharing and data room tools and ultimately keep tabs on interactions with every investor using our investor CRM. Give Visible a free try for 14 days here.

Check out Visible’s recorded product webinar to learn about the most recent updates to Visible’s portfolio monitoring and reporting platform. The Visible team demonstrates how to leverage recent product changes to improve your portfolio reporting in Q4 and beyond. Product webinar topics: Common use cases for one-time Requests and how to set them up Saving time by syncing company qualitative responses to Dashboards and One-Pagers Exporting data to Google Sheets for external analysis and reporting Embedding a dashboard in Notion to share with your team Q&A

What is fund administration? Fund administration is a third-party service that handles the accounting, cash-flow movement, and LP reporting for Venture Capital funds. Hustle Fund argues that fund admins are the most important part of a VC’s back-office operations. Key fundamentals of funds administration in Venture Capital Fund Admins play an essential role in ensuring critical fund operations run smoothly and also can help VC firms maintain credibility with Limited Partners (LPs). Below we outline the key fundamentals of Fund Administration. Cash flow management and capital allocation Fund administrators are responsible for wiring money directly to founders. The main reason fund administrators handle this process and not the GP is to protect against fraud and ensure accuracy. Fund administrators also handle the capital transactions between LPs and the fund. This includes managing the call-down process, determining how much to request from each LP, and sending letters to each LP with wire instructions. After an exit event, the fund administrators are also responsible for figuring out how much to distribute back to each LP. That’s a lot of separate transactions to manage which is why this can be an extremely time-consuming process. It’s also a high-stakes process with no room for mistakes. An error in the numbers can even result in a lawsuit based on gross incompetence. Limited Partner management Since Fund Administrators are responsible for sending communications related to capital transactions and reporting to Limited Partners, it’s critical that fund administrators keep an up-to-date list of Limited Partner contact information. The fund should share updated contact information with fund administrators as changes occur. Reporting Fund administration also handles the formal LP reporting process as outlined in a fund’s Limited Partnership Agreement. This typically includes putting together quarterly reports of each company’s latest valuation on a quarterly basis but the reporting requirements can vary from fund to fund based on LP requirements. To put together this reporting, fund administrators will source the latest investment information from the VC fund which is why it’s important for firms to keep investment data and fair market value changes up to date and accessible. Preparing these quarterly reports helps streamline the annual audit at the end of the year. Visible provides investors with an easy way to maintain accurate investment records that can easily be shared with fund administrators and auditors. Compliance assistance An important role of a fund administrator is making sure funds are maintaining compliance with the terms outlined in their Limited Partnership Agreement (LPA). This can include terms related to the timing of distributions, what can be considered a fund expense, and the deadlines for reporting. Audit and tax A fund administrator will work closely with other fund service providers such as auditors and tax-related providers to ensure the fund is performing in accordance with regulations. Related resource –> Venture Capital Audit Process: What it is and how Visible can help Modern technology and software solutions There are a variety of fund administrators dedicated to serving the VC industry. As discussed, VC fund administrators play a key role in VC firm operations so it’s worth taking the time to select the provider that is going to be the best fit for your firm. A great way to start is by asking your community for referrals. From there, it’s wise to interview the administrators and actually speak with the representative who will be assigned to work with your fund. Fund administrators differentiate themselves by variables such as the level of sophistication of their tech stack, whether they offer an LP portal, and also by the quality of the service they provide. It’s important to note that the quality of service can be dependent on the representative you work with at the organization. This is why it’s a great idea to meet with the rep in advance of signing a contract. The benefits of working with fund administrators Working with the right fund administrator can mean fewer headaches and more time to spend finding and supporting the best investment opportunities. Below we outline the top benefits of working with fund administrators regardless of your fund structure. Saves your firm time and resources Working with a fund administrator instead of trying to manage accounting in-house can save a firm time and money. This is because fund administrators are laser-focused on all the back-office functions and can be less costly than adding a full-time finance expert to your team. Provides expertise and experience A great fund administrator can provide funds with expertise based on working with dozens or even hundreds of VC firms. This can save less experienced GPs from costly accounting, legal, or capital transaction mistakes. Assists with investor relations management A fund administrator should provide timely and accurate communication to LPs. When fund administrators are executing well it should make the lives of the LPs easier which reflects positively on the fund. Provides compliance and regulatory support Since fund administrators have worked with hundreds and potentially even thousands of VC funds of varying stages, they’ve been exposed to many of the edge cases that could cause an inexperienced fund to make costly mistakes that could hurt their reputation. Fund administrators are well-versed in Venture Capital regulation and compliance which means GPs can leverage their fund administrators’ expertise when questions arise. When is the optimal time to start working with a fund administrator While not always required, it’s a good idea to start working with a fund administrator before even closing your first fund. This ensures your back office operations are set up for success right from the beginning. Many fund administrators have special pricing for emerging fund managers that makes it more affordable to get started. Looking to improve your portfolio monitoring processes at your fund? Visible streamlines the way you keep your companies’ financial KPI’s and investment data up to date and organized so sharing key information with service providers like your fund admin becomes even easier.

VC Audit Definition Before we address best practices it's important to define what the VC audit entails. A VC audit is when a Venture Capital firm enlists a third-party auditor to evaluate its financial compliance. The auditor will review key fund documentation alongside recent portfolio performance to ensure the firm's valuations are accurate. Which VC Firms Require an Audit On August 23, 2023 the SEC approved new rules for private fund advisers. The changes will require all SEC-registered private fund advisers to have an annual audit regardless of size. Prior to this change, some funds were considered exempt but it was still common for VCs to conduct an audit to help better position the firm for future fundraising from potential LPs who want to see audited financials. Purpose of an Audit The purpose of a VC audit can be summarized in three parts: Ensure the fund’s General Partner(s) are operating in accordance with the fund’s LPA and that the financials reflect compliance Confirm the fund’s valuations of portfolio companies and the fund’s ownership position in them Give LPs confidence that a neutral third party validates the fund’s financial statements and assessment of its own success General VC Audit Timeline Audits are typically conducted on an annual basis using end-of-year figures. The audit process typically starts in the final month of the calendar year and wraps up during the first quarter of the calendar year. Although audits only happen once per year, it’s important to maintain clean records of things like company valuations, company financial metrics, fund expenses, capital calls, and other transactions throughout the year. Continual hygiene of fund records translates into a smoother audit process at the end of the year. Here's a general timeline for the VC audit process: Q1 - Q4 - Collect portfolio company KPI's and monitor valuation changes Q4 - Establish audit timeline with fund admin and auditor. Additionally, the pre-audit process should kick off so auditors have a chance to understand a firm's operations. Q1 - In January, firms should be doing year-end valuations and closing their books. During this month fund managers should also be reviewing the books before sending the final figures to an auditor. During January or February, the audit process officially begins. Q2 - April 30 is the official audit deadline but extensions to the deadline can be requested. For more audit best practices check this webinar co-hosted with Visible and Weaver -- How to Prepare for Your Fund Audit. How to Prepare for a VC Audit Choosing an Audit Firm This is an important step in setting yourself up for audit success. When choosing an auditor it's important to choose a service provider who specializes and understands the nuances of Venture Capital. Otherwise, you risk spending time during the audit process having to teach your auditor about your industry. You can do this by checking out their website and if they have published resources on Venture Capital then this is a great indication that they have knowledge of your industry. You should also ask the team you'll be directly working with whether they have experience in the VC industry. If you're an emerging manager and expect to need hand-holding during the audit process, make sure you choose an auditor who is open for ad-hoc questions. During the diligence process, you should ask the auditor about their policy for asking questions and if there is an additional charge. Related Resource: Five Simple Steps Key Venture Capital Staff Can Take to Support a Successful Audit Establishing a Valuation Policy It's a great idea to establish a valuation policy before your first audit. This policy outlines how your firm will justify its portfolio company valuations under different circumstances. Related resource: Establishing a Valuation Policy Preparing the Required Documents and Information While not a comprehensive list, here are some of the items that funds will likely be asked to provide to auditors: Limited Partnership Agreement Financial statements Fully signed deal documentation Invoices to prove the firm is charging LPs for permitted expenses Transaction records (capital calls, distributions, bank balances) Updated ownership positions in each company (cap tables) Proof of valuation calculations/policies Portfolio company contacts (name and email address) Portfolio company financials (year-end) Portfolio company financing documents from most recent rounds Portfolio company balance sheets Portfolio company revenue reports An established valuation policy Pro Tip: Ensure you are sending your auditor the fully executed (signed) version of the documents. Doing this will help cut down time during the audit process and help firms save money. Hustle Fund reminds investors in this article Fund Audit 101 – Everything You Need To Know that it’s the job of the VC to provide this information to auditors and that the required documentation can change from year to year. It can be helpful to ask your auditor to provide quarterly updates about what they will be asking for during the annual audit. Related Resource: 8 Questions to Ask Before Auditing Your First Venture Capital Fund Monitoring Portfolio Companies Using Visible One of the most time-consuming parts of the audit process is the back and forth that can occur when auditors need more evidence on how the VC firm arrived at company valuation figures. To justify valuations, it's important to have key information from your portfolio companies at the ready. Check out the list below to see what you need to have on file. Portfolio monitoring audit checklist: Revenue budget vs actual Cash on hand Burn rate Company performance vs business plan Details about the last round of financing Visible equips investors with a founder-friendly way to ask for key audit information from portfolio companies. Visible's Request feature allows for any custom metric, qualitative question, files, properties, and more. This streamlined approach to data collection helps VC firms keep up-to-date and accurate records about their portfolio companies throughout the year — leading to a smoother audit process. Check out an Example Request in Visible. More than 400+ VCs use Visible to streamline their portfolio monitoring and reporting.

Many Venture Capital firms struggle to efficiently collect updates from their portfolio companies and turn the data into meaningful insights for their firm and Limited Partners. It’s usually a painful process consisting of messy Google Sheets or Excel file templates being sent to companies. Then, someone at the VC firm is responsible for the painful task of tracking down companies and convincing them to send the metric template back to the investor. The end result is typically an unreliable master sheet that isn’t accessible or easy to digest for the rest of the firm. Visible has helped over 350+ VC firms streamline the way they collect, analyze, and report on their portfolio and fund performance. Keep reading to learn how. Streamlining Portfolio Data Collection To set up a more efficient portfolio data collection process at your firm make sure you: Don't require companies to manage another login Visible’s data Requests are delivered directly to your companies’ email inboxes and the secure-linked base form ensures there is no friction in the data-sharing process. Maintain founder privacy Visible supports over 3.5k founders on our platform and the consistent feedback we hear is founders do not want their investors to have direct access to their data sources. Founders prefer to have control over what and when their data is shared with investors. Customize which information you request from companies Visible allows investors to create any custom metric, qualitative question, yes/no response, multiple choice, and more. This provides investors with the flexibility to use Visible for more than just financial reporting but also impact or diversity reporting and end-of-year audit preparation. Related resource: Portfolio Monitoring Tips for Venture Capital Investors Related resource: Which Metrics Should I Collect from My Portfolio Companies Easy Ways to Analyze VC Portfolio Data While having up-to-date, accurate investment data is important, being able to extract and communicate insights about your portfolio data is when it really becomes valuable. Visible supports three different types of dashboards to help you analyze your portfolio data more easily. Flexible portfolio company dashboards — Visualize KPI’s by choosing from 9 different chart types and combine with rich text and company properties. These dashboards are a great fit to help facilitate more robust internal portfolio review meetings. Portfolio metric dashboards — This dashboard allows you to compare performance across your entire portfolio and easily identify your top performers and the companies who may need additional support. Fund analytics dashboards — This flexible dashboard lets investors control how they want to visualize and analyze their fund performance metrics. Choose from over 30+ fund metrics and auto calculated insights and easily add them to your shareable dashboard. View an example of all three types of dashboards by downloading the resource below. Sharing Portfolio Updates with Limited Partners It’s important to remember that while Limited Partners are primarily focused on financial returns they also care about insights. VC firms who empower their Limited Partners with updates about sector trends and high-level insight into portfolio company performance are setting themselves up to be both trusted and valuable long-term partners to their investors. LP Update Template Library — Visible makes it easy for firms to make engaging communication with Limited Partners a habit by providing free and open-source Update templates. Want to feature your LP Update template in out library? Get in touch! Tear Sheets — Tear Sheets or One Pagers can be a great way to provide high-level updates about portfolio companies to your LPs. Visible’s tear sheet template solution helps VC firms create reporting with ease by merging information and data into beautiful charts that are automatically kept up to date. View Tear Sheet examples to inspire your next reporting. Related resource: Tear Sheets 101 (and how to build one in Visible) Visible supports 400+ funds around the world streamline the portfolio data collection, analysis, and reporting process.

A recent poll of VCs shows that some of the primary reasons investors collect financial data from portfolio companies is to improve their post-investment support (66%) and inform future investment decisions (44%). To do this well, investors need to be able to analyze their portfolio company data through an advanced financial lens so they can extract actionable insights that lead to improved fund performance. We recently sat down for a conversation on Leveraging Portfolio Analysis to Improve your Fund’s IRR with Kristian Marquez, CFA. Kristian is the CEO of FinStrat Management and a Chartered Financial Analyst (CFA) charterholder since 2004. The webinar was designed for people working in Venture Capital who want to level up the way they understand and analyze their portfolio companies’ financial performance data. Topics Discussed: The WHY behind surfacing portfolio insights Where to find benchmark data and how to use it Top 4 performance indicators, what they mean, and how to calculate them Using dashboards in Visible to evaluate portfolio company performance Tips for moving from analysis to action

Collecting updates from portfolio companies on a regular basis is an important part of running smooth operations at a VC firm. Well-organized, accurate, up-to-date portfolio data helps investors provide better support to companies, make data-informed investment decisions, streamline the audit process, demonstrate credibility during the fundraising process, and more. However, collecting data from portfolio companies on a regular basis can also be a time-consuming, arduous process, especially if you’re not implementing best practices. On Tuesday, June 20th Visible held a product webinar covering tips for streamlining the reporting process for you and your portfolio companies. This webinar is designed for any VC looking to upskill their portfolio monitoring processes. Current Visible customers will benefit from a deep dive into recent product updates related to Visible’s Request feature. Topics Discussed: The top 6 most common metrics to collect from companies How to collect budgets and actuals in Visible Using formulas so you can ask for less data [Product Walk-through] Highlighting recent product updates Reviewing examples of different types of Portfolio requests

Render Capital is a $30M early-stage VC fund with offices in Kentucky and Indiana. Led by Patrick Henshaw, Render has invested in 50+ companies as a part of its mission to create a robust and thriving regional economy where entrepreneurs see the Midwest and South as a place they can find appropriate risk capital necessary for them to start and grow. For this case study, Visible interviewed Render Capital’s Operating Partner Mike Shepard. Customer Story: How Render Capital Uses Visible to Streamline Fund Reporting Watch the video below to learn why Render chose Visible to streamline their portfolio monitoring and reporting processes. Prefer to read? Keep scrolling to read a paraphrased summary of Mike’s responses. Q: How were you collecting data prior to using Visible? Prior to Visible, Render was doing very little to collect data from companies because it was too time-consuming to do it via email and the process wasn’t very organized. Q: What factors led you to choosing Visible? We looked at other software to help with our fund management and the options seemed cumbersome, the relationships were tricky, and it seemed like it was actually going to be more work. I wanted to find a solution that let me pair our fund management alongside our own metrics so we could do our own reporting by creating dashboards and sharing those with LPs. We also liked that Visible helped collect reporting from our companies on a regular basis. Q: What was the onboarding with Visible like? I filled out a spreadsheet with our company and investment data. I prefer to be hands-on so the next step was just figuring out how to set up my own LP Update templates and reports. Visible was available to answer all my questions and the team was open to our feedback. “It feels like we’re your only customer which is what you’re supposed to do.” – Mike Shephard, Operating Partner at Render Capital Q: What has been the result of using Visible The results have been great. I created an LP Update template which we consider a marketing extension of our brand. To get this to look nice outside of Visible, in Excel, would have taken me a lot of time. I can use the template I created in Visible over and over again and it automatically updates. Our LPs are also really happy with the direction of our reporting and what we’re producing. We are getting our LPs the information that they want and need in a format that they can easily digest. Over 350+ VC funds are using Visible to streamline their portfolio monitoring and reporting.

As a venture capital investor, it’s critical to maintain accurate, up-to-date information about your portfolio companies and investment data. This helps investors make data-informed investment decisions, provide better portfolio support, fulfill audit requirements with relative ease, and not to mention, impress LPs. What’s even better than just having your data well-organized and easy to find, is when investors can seamlessly turn that data into meaningful insights that are easy to share with internal team members and stakeholders. Below we describe three different dashboard types supported in Visible that help investors surface and communicate important updates about their portfolio. Flexible Dashboards for Internal Portfolio Reviews Flexible dashboards in Visible allow investors to integrate metric data, investment data, and properties directly into a dashboard. The flexible grid layout means investors have control over how they want to visualize and communicate updates to their team. Investors commonly use these dashboards to facilitate internal portfolio review meetings which keeps their team up to date and engaged about important updates across the portfolio. View flexible dashboard examples in the guide below. Fund Performance Dashboards for Communicating with LPs Visible allows investors to track, visualize, and share key fund performance metrics. Investors can choose from 14+ different chart types and use custom colors to incorporate their branding into their dashboards. The fund metrics supported in Visible include: TVPI DPI RVPI MOIC IRR Unrealized and realized FMV Total Invested Capital Called and more. Learn about the 30+ fund metrics supported in Visible. Related resource: VC Fund Performance Metrics 101 View a Fund Performance Dashboard example in the guide below. Portfolio Metric Dashboards for Cross-Portfolio Analysis As a venture capital portfolio grows, it’s helpful for investors to be able to pull quick insights across all their companies. Visible’s Portfolio Metric Dashboards let investors compare performance across the entire portfolio for a single metric. This view can be filtered by a custom segment and time period. Visible also automatically calculates quick insights such as: Total Min Max Median Quartiles View a Portfolio Metric Dashboard in the guide below. Visible’s dashboards give investors control over how they want to track and visualize their portfolio KPIs and investment data. Learn more about Visible.

If your portfolio data is patched together in an excel file with questionable version control or is buried in a slide deck prepared six months ago, your team is likely missing the opportunity to take action on important portfolio insights. Up-to-date, accurate portfolio insights help venture capital investors: Provide better portfolio support Make data-driven investment decisions Validate markups and markdowns during evaluation exercises or an audit Demonstrate traction to LPs while fundraising for future funds …but only if the insights are accessible. Visible’s dashboards help venture capital investors visualize and explain the journey companies are on in a way that actually resonates. Learn more about leveraging dashboards in Visible. About the Guide This guide demonstrates how venture capital investors can turn their portfolio data into actionable, accessible insights. The guide also includes examples of three different flexible dashboard types in Visible. Topics covered include: Portfolio data collection best practices Creating dashboards for internal portfolio reviews (Flexible dashboards) Identifying cross-portfolio insights (Portfolio metric dashboards) Sharing portfolio insights with Limited Partners (One pagers) Visible has helped over 350+ venture capital funds streamline the way they collect, analyze, and report on core metrics from their portfolio companies on a regular basis.

Investor Reporting Meaning & Definition Put simply, the definition of investor reporting is the act of sharing key qualitative and quantitative data with your financial investors. Investor reporting can look different for different companies, depending on the company stage and vertical. A pre-revenue company may share a light, qualitative investor report, while a publicly traded company is obliged to share an in-depth report covering everything from executive compensation to granular financials. Whether a company is just 2 founders in a garage or 30000 employees spread across the globe, investor reporting is a vital part of running a successful business. Investor reporting can also take place outside of a physical report. The function of investor reporting, or an investor relations team, also covers board meetings, press conferences, releasing financial data, etc. For a publicly traded company, the meaning of investor reporting involves more regulation and knowledge of government policy. Whereas a startup will communicate directly with their investors, an investor reporting team at a publicly held company primarily deals with analysts who are responsible for providing an opinion to the public on the potential of investment in said company. At a startup, or privately held company, the meaning of investor reporting slightly changes. Instead of focusing on sharing financial and legal information for the public to make an investment decision, privately held companies often focus on engaging and leveraging their investors. Unlike a publicly held company, a privately held company is not legally obliged to report to their investors. However, the numbers show that companies who have taken on venture capital it is beneficial to practice investor reporting. According to our data, companies that regularly communicate to their current investors are twice as likely to raise follow-on funding. Outside of the increasing the likelihood of raising follow on funding reporting to your private investors has other benefits. Chances are if you have accepted venture capital, the venture capitalist and partners at the firm can offer you a wealth of knowledge, experience, and introductions. By practicing investor reporting, founders can build a relationship with their investors and increase their chances of receiving help, time, and introductions from their investors. Related Resource: How to Build a Strong Investor Relations Strategy Investor Reporting Software While most startup founders and leaders know they should be sending investor reports, it can often get lost in the shuffle of building a great product, repeatable sales process, and attracting top talent. To help combat this, there are several solutions and products that help relieve the stress of investor reporting and build a professional and repeatable investor reporting process. The most common investor reporting solution is a simple email update template. These are generally sent on a monthly or quarterly basis and include a recap from the previous period, important company key performance indicators, big wins, losses, and asks for your investors. Visible Updates are a solution to bring a professional, beautiful, and engaging touch to your investor updates. Visible allows you to connect your key data, build beautiful charts, and add qualitative data to create beautiful investor updates. Send your Visible Investor Updates via email, slack, or PDF. In turn, we’ll provide engagement statistics to see how your investors are interacting with your Updates. Visible also allows founders to segment different groups of investors and different stakeholders. For example, a founder may want to send a more in-depth investor report to their board members and maybe a liter version to their less engaged investors. Investor reports can also be used as a means to nurture potential investors. No matter how you define investor reporting, it can be a vital—and often overlooked—aspect of building a strong venture-backed business. Investor Email Templates and Examples Investor Relations Examples As mentioned above, investor relations and reporting can take different forms. Investor relations examples vary greatly from public to private companies, and from early stage to growth stage companies. We’ve highlighted a few of our favorite investor relations examples below. For the examples, we’ll share they are generally intended to be sent on a monthly basis. We’ve also created a library of great investor relations examples. Related Resource: Investor Relationship Management 101: How to Manage Your Startups Interactions with Investors Monthly Update Email Templates Our standard startup investor reporting example The standard investor reporting template by the team at Visible. What we have found to be best practices for investor reporting collected from our users and investor thought leaders. Techstars Minimum Viable Investor Update Email Template In the “Minimum Viable Investor Update”, Jens Lapinski, Former Managing Director of Techstars METRO, lays out 3 items that he finds most useful in his portfolio company updates. Founder Collective “Fill-in-the-blank” Investor Update Email Template An investor Update template for busy founders put together by the team at Founder Collective. Simply fill out the bolded sections and have your investor Updates out the door in no time. Kima Ventures Investor Update Email Template A monthly update email template put together by Jean and the team at Kima. Quickly fill in the quantitative and qualitative data Kima finds most useful. GitLab Investor Update Email Template A 6 part monthly update email template put together by the team at GitLab. Built for investors to quickly read and locate the information that is most relevant to them. Shoelace: Investor Update Email Template A monthly update email template based off of Reza Khadjavi’s, Founder & CEO of Shoelace, investor update email used to wow investors. Coding VC: Investor Update Email Template A monthly investor update email template from Leo Polovets, the general partner at Sosa Ventures, consisting of 5 sections that can be repeated on a monthly basis. Y Combinator Investor Update TemplateA monthly investor update email template from Aaron Harris of Y Combinator focusing on major KPIs and asks for your investors. Other Monthly Update Email Templates Outside of regularly sending your investors monthly email templates, founders will also want to send other stakeholders email reports. This can include your team, individual business units, advisors, clients, etc. We’ve highlighted a few of our favorite stakeholder update email templates below: The CEO Note Template An Update to share information across your company using different methods and styles used by leaders like Marc Benioff, Scott Dorsey, and Kyle Porter. Fred Wilson: The Weekly Update Email A template based off of Fred Wilson’s Weekly Email intended for founders to share what’s on their mind, what happened the past week, and what’s on the schedule for the upcoming week. All-Hands Team Update Email Template An Update template intended to share before your next All-Hands meeting or share after to summarize the meeting. Largely based off of Square’s Town Hall meetings and is broken into 3 major categories; The Team, Mission & Goals, and Agenda & Questions. Pre-Board Meeting Update Email Template A Pre-Board Meeting Update Template that you can share with your board to help you make the most of your meeting time. By sending over a quick packet before your next meeting it will allow everyone to have time to prepare and come ready to discuss the topics that truly matter to the business. V2MOM Monthly Update Email Template V2MOM is a management process and acronym standing for vision, values, mission, objectives, and measures. Portfolio Management Software for Investors While it falls on the shoulders of founders and company operators to report to their investors, it is also important for investors to engage their portfolio companies and transform their portfolio company data into valuable information. A quick reminder from investors to their portfolio companies can help increase the odds of receiving an investor report or data from portfolio companies. Staying on top of portfolio companies allows investors to lend a hand to help the company with their challenges, in turn increasing their portfolio companies’ value. To help investors stay on top of their portfolio, and report to their own investors, there is portfolio management software for investors. At Visible, we have created our own portfolio management software for investors, Visible for Investors. Using portfolio management software, investors can easily lend a hand to their companies and turn their data into actionable reports that can be shared and used across the portfolio. In turn, investors can use this to manage their own investors or limited partners. Investor software generally operates like a traditional customer relationship manager with the customer being their portfolio companies and founders. Our Portfolio Management Software. Visible for investors is investor software to help stay engaged with your founders right from your pocket. Using portfolio management software be the value-add investor that you want to be. Tap into your experience, network, and resources to jump in and help your investments when you see indicators that they may be struggling. Managing an entire portfolio can be tough. Using our portfolio management software easily centralize all of your vital information in one place. From sentiment to investment memos, you’ll be able to customize your Visible instance to your needs. Using automated update request, create your own unique investor report to your firm. Automatically send update requests to your portfolio companies, with scheduled follow-ups, to receive consistent data across your portfolio. Prompt for key metrics, files, operating information and qualitative updates. Investor Management Software Everything we build at Visible is focused on the founder. To help complete the investor Update request founder’s can take advantage of our existing investor management software to tap into our learnings and resources. Easily use our integrations and API to automatically fulfill any investor request. Investor reporting has never been easier with the combination of our investor engagement software and portfolio management software for investors. What is Investor Relations? According to the National Investor Relations Institute, “Investor Relations is a strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company’s securities achieving fair valuation.” As we discussed earlier, investor relations can take different forms depending on the owners of the business. Investor relations for a publicly held company will greatly vary than the investor relations for a privately held, venture-backed business. While not required, the benefits of investor relations for a privately held company are instrumental in the growth and health of the company. Sending a simple email update, or creating an investor relations website, allows privately held companies to tap into their investors’ network, experience, knowledge, and ultimately additional capital. At a publicly traded company investor relations is legally obliged to have an internal investor relations team, meet certain requirements, and have the information audited. Often a larger team, the investor relations department is responsible for hosting an investor relations website for the public to access their key information to gather as much information as possible before investing. According to Investopedia, “IR teams are typically tasked with coordinating shareholder meetings and press conferences, releasing financial data, leading financial analyst briefings, publishing reports to the Securities and Exchange Commission (SEC), and handling the public side of any financial crisis.” Benefits & Importance of Investor Relations On the public side, the importance of investor relations is pretty clear. The role is to provide the analyst with vital and required information who in turn who provide public opinion on the company as an investment opportunity. By creating internal audits and becoming the source of truth between all business units. IR can manage an analyst’ expectations in turn influences the overall investment community showing the importance of investor relations in a big way. On the flip side, we have investor relations for privately held companies. In the total opposite fashion, privately held companies are in no way obliged to release their financials and meet any requirements from their investors. However, the benefits and importance of investor relations for a startup can be monumental in the company’s growth and health. The biggest benefit of investor relations is the likelihood of raising additional capital. Venture-backed businesses who send their investors monthly reports are twice as likely to raise follow on funding. As Jason Calacanis, famous angel investor, puts it; “There is another really awesome reason to keep investors updated: they didn’t give you all of their money — they have more! They want to give you more!” Another benefit of investor relations? The investors have likely been in the same situation or encountered it with other investments. At the end of the day, an investors job is to make investments that generate returns for their investors. By using investor relations to share bad news, your investors can step in and help get your company back on track with their depth of knowledge, experience, networks, and capital. All in all, the importance of investors relations at a venture-backed company is vital when it comes to attracting additional capital and talent. Investor Relations Salary and Jobs Since the Public Company Accounting Reform and Investor Protection Act, was passed in 2002 the marketplace for investor relations jobs has greatly increased. An investor relations manager job can cover different facets of a business, but generally involve supporting the release of financial information, investor reports, and legal diligence. Investor relations responsibilities are vital to the life of a business from both the legal and operational standpoint. Investor relations jobs are often found as a subset of the companies public relations or finance department. From a legal standpoint, an investor relations manager is responsible for fulfilling legal requirements and financial documentation. Investor relations managers take company financials and data to turn them into compelling data stories that can be shared with analysts and eventually the public. Investor relations managers need to determine what data will affect the public shareholders and present that in an understandable and compelling way. From an internal standpoint, an investor relations manager is responsible for managing crisis and collecting feedback and passing that along to upper management. As CFI puts it, “Communication is also a two-way street; the IR department is also responsible for forwarding input from significant stakeholders of the company to management. During times of crisis (financial or otherwise), the IR department will advise management with a goal to preserve the company’s relationship with its investors, as well as to mitigate any damage to share prices.” According to Salary.com, an investor relations managers salary typically falls between $100,000 and $140,000. Of course, investor relations salary fluctuates depending on experience, education, certifications, etc. On the flip side, there are also investor relations firms that publicly traded companies can use to take on their investor relations responsibilities. The investor relations salary at a company or at an investor relations firm tend to be in the same range. A couple of popular investor relations firm include, KCSA Strategies, Liolis, and Al Petrie Advisors. Related resource: Discounted Cash Flow (DCF) Analysis: The Purpose, Formula, and How it Works

The biotech industry has always been an attractive sector for VCs to invest in, and 2023 is no different. With high potential for returns, a rapidly growing industry, and advances in technology, biotech is a favorable investment for VCs. One of the main reasons for this is the high potential for returns. Biotech companies that successfully develop and commercialize new therapies and medical devices can generate significant returns for investors. This is particularly true for companies that develop therapies for diseases with high unmet needs, such as cancer, rare genetic disorders, and chronic diseases. The biotech industry is also expected to grow significantly in the coming years, driven by advancements in genomics, stem cell research, and regenerative medicine. This presents a significant opportunity for investors to participate in the growth of this industry and benefit from its expansion. Advances in technology such as gene editing, AI, and digital health are also making it easier for biotech companies to develop new therapies and medical devices, which can improve their chances of success. Additionally, the growing interest in personalized medicine is also a favorable trend, as precision medicine is gaining more traction in the industry. This approach, which is based on the genetic makeup of each patient, has the potential to lead to more effective and efficient treatments for a wide range of diseases, including cancer and rare genetic disorders. Governments around the world are also investing in biotech research and development and are offering various incentives for biotech companies, which can help to reduce the financial risks for investors. The high demand for healthcare, driven by the increasing aging population and the growing burden of chronic diseases, is also driving the demand for new and more effective therapies and medical devices. Set up Your Biotech Company for Success Biotech startups have a lot to consider as they work to develop and commercialize new therapies and medical devices. There are several key steps that biotech startups can take to increase their chances of success. Identify unmet medical needs Successful biotech startups begin by identifying unmet medical needs in the market, and then developing products or therapies that directly address these needs. By doing so, they are able to differentiate themselves from competitors and demonstrate a clear value proposition to potential customers and investors. Build a strong team A strong management team with a diverse set of skills and experiences is crucial for biotech startups. This team should be able to lead the company through the complex and dynamic biotech landscape, and make strategic decisions that will help the company grow. Leverage technology Advances in technology such as gene editing, AI, and digital health are making it easier for biotech companies to develop new therapies and medical devices. Leveraging these cutting-edge technologies can give startups a competitive edge and improve their chances of success. Create a clear path to commercialization Developing a clear path to commercialization and having a strong business model in place are essential for biotech startups. This helps them to attract investment and partners, and to scale their business. Build partnerships Building strong partnerships with key stakeholders in the industry, such as pharmaceutical companies, academic institutions, and government organizations can provide access to resources, expertise, and networks that can help the startup to excel. Have strong regulatory compliance Successful biotech startups are aware of the regulations and compliance requirements in the biotech industry and they have the necessary processes and procedures in place to ensure compliance. This helps to avoid delays and ensure a smooth commercialization process. Adapt to market changes Successful biotech startups are agile and adaptable, and able to pivot their strategies and business models in response to market changes. This helps them to stay ahead of the curve and capitalize on new opportunities as they arise. Biotech Metrics to Include in Investor Updates Some specific metrics that biotech companies may include in their investor update include: Clinical trial progress: The number of patients enrolled in trials, the phase of the trial, and any regulatory milestones that have been achieved or are upcoming. Pipeline development: This includes compounds or products in development, as well as their potential for revenue or commercialization. Intellectual property: Patents filed or granted, as well as the strength and potential value of the company’s intellectual property portfolio. R&D expenses: The progress of research projects to investors. Scientific publications and presentations: Scientific publications or presentations in which the company or its scientists have participated, as well as the level of visibility and impact of these publications and presentations. Manufacturing and production: Updates on the progress of their manufacturing and production processes, including capacity and scalability. Product development: Status on the development of a product, including the progress of preclinical studies, clinical studies, and commercialization. Market size and potential for growth: The size of the target market for a product and its potential for growth, as well as the competition in the market. Regulatory: Progress of regulatory approvals and submissions, including FDA, EMA, and other regulatory authorities. Financial metrics: Such as revenue, operating costs, and burn rate. The management team and Board of Directors: Any changes or updates to the management team and Board of Directors. Partnerships and collaborations: New partnerships or collaborations that have been established or are in progress. Depending on the stage of the company, some of these metrics may not be applicable or relevant and will vary from company to company or industry. The Future of Biotechnology The biotech industry is expected to continue to grow and evolve in the coming years, driven by advancements in technology and research. Biotech startups that are able to stay ahead of the curve and capitalize on trends will be well-positioned for success in the future. A few of these key trends are Gene therapy, Regenerative medicine, Personalized medicine, Digital health, and Artificial Intelligence. Gene therapy is a promising new approach to treating genetic disorders and diseases by directly targeting the underlying genetic causes. Advances in gene editing technology, such as CRISPR, have made it possible to precisely target and repair disease-causing mutations, leading to the development of new gene therapies for a wide range of conditions. Regenerative medicine is the practice of using cells, tissues, and organs to repair or replace damaged or diseased parts of the body. This field is rapidly advancing, with new therapies being developed for conditions such as heart disease, diabetes, and spinal cord injuries. The use of precision medicine is gaining more traction, this approach which is based on the genetic makeup of each patient, has the potential to lead to more effective and efficient treatments for a wide range of diseases, including cancer and rare genetic disorders. The integration of digital technology into healthcare is increasingly becoming a reality, enabling real-time monitoring and data collection, which will help to improve treatment outcomes. Biotech companies are now investing in digital health solutions, including wearable devices, mobile apps, and telemedicine, to improve patient care. AI is becoming increasingly important in the biotech industry, with companies using machine learning and deep learning to analyze large amounts of data, including genetic data, to identify new drug targets and develop new therapies. VCs Main Focus Areas in Biotech Depending on the VC firm’s investment strategy and the portfolio the focus may vary but some general areas of interest include: Biotechnology: Startups working on developing new drugs, therapies, and diagnostics, as well as those working on advancing biotechnology platforms such as gene therapy, CRISPR, and synthetic biology. Medical Devices: Such as implantable devices, diagnostic tools, and digital health technologies. Digital Health: Telemedicine, virtual care, and remote monitoring technologies. Biotech IT: This includes startups working on developing new software and IT solutions to support the biotech industry, such as bioinformatics, computational biology, and data analytics. Biotech Services: Such as contract research and development, clinical trial management, and regulatory consulting. Biotech Agriculture: Startups working on developing new tools and technologies to improve crop yields, reduce waste, and improve food safety. Biotech Energy: New biofuels, renewable energy, and sustainable materials VCs Investing in Biotech Companies 8VC Location: San Francisco, California, United States About: 8VC aims to transform the technology infrastructure behind many industries. Investment Stages: Seed, Series A, Series B, Growth Recent Investments: Oula Anduril Loop Check out 8VC’s profile on our Connect Investor Database Arch Venture Partners Location: Chicago, Illinois, United States About: ARCH Venture Partners invests primarily in companies co-founded with leading scientists and entrepreneurs, concentrating on bringing to market innovations in information technology, life sciences, and physical sciences. ARCH currently manages five funds totaling over $700 million and has invested in the earliest venture capital rounds for more than 90 companies. ARCH investors include major corporations, financial institutions, and private investors. Investment Stages: Seed, Series A, Series B, Series C, Growth Recent Investments: Synchron FogPharma Treeline Biosciences Check out Arch Venture Partners’ profile on our Connect Investor Database 5AM Ventures Location: Menlo Park, California, United States About: 5AM Ventures is a California-based venture capital firm that aims to finance seed- and early-stage life sciences companies. Investment Stages: Series A, Series B, Growth Recent Investments: Escient Pharmaceuticals CAMP4 Therapeutics Dianthus Therapeutics Check out 5AM Ventures’ profile on our Connect Investor Database Atlas Venture Location: Cambridge, Massachusetts, United States About: Atlas Venture is the leading international early-stage venture capital firm, investing in communications, information technology and life sciences companies. Atlas Venture investments are evenly divided between the United States and Europe. Founded in 1980, Atlas Venture has organized six international funds, and currently manages more than $2.1 billion in committed capital. Investment Stages: Seed, Series A, Series B, Growth Recent Investments: Nimbus Therapeutics Be Biopharma Triana Biomedicines Check out Atlas Ventures’ profile on our Connect Investor Database Forum Ventures Location: New York City, San Francisco, and Toronto, United States Thesis: B2B SaaS; Future of Work, E-commerce enablement, Supply Chain & Logistics, Marketplace, Fintech, Healthcare Investment Stages: Pre-Seed, Seed Recent Investments: Sandbox Banking Tusk Logistics Vergo Check out Forum Ventures profile on our Connect Investor Database OrbiMed Location: New York City, United States About: We have been investing globally for over 20 years across the healthcare industry: from early-stage private companies to large multinational corporations. Our team of over 100 distinguished scientific, medical, investment, and other professionals manages over $17 billion across public and private company investments worldwide. Investment Stages: Series A, Series B, Series C Recent Investments: Pathalys Pharma Amolyt Pharma MBX Biosciences Check out OrbiMed’s profile on our Connect Investor Database Polaris Partners Location: Massachusetts, United States About: Polaris Partners ​has a 20+ year history of partnering with ​entrepreneurs and innovators improving the way we live and work. Investment Stages: Series A, Series B, Series C Recent Investments: Jnana Therapeutics FOLX Health CAMP4 Therapeutics Check out Polaris Partners’ profile on our Connect Investor Database Third Rock Ventures Location: Boston, Massachusetts, United States About: Telescope Partners is an active growth equity firm partnering with best in class entrepreneurs across the technology landscape. We invest ourselves and our capital in companies building long-term, sustainable businesses. Investment Stages: Series A, Series B Recent Investments: Corvia Medical Terremoto Biosciences MOMA Therapeutics Check out Third Rock Ventures’ profile on our Connect Investor Database Versant Ventures Location: San Francisco, California, United States About: Versant Ventures caters to the healthcare sector with early and later stage venture, private equity, and debt financing investments. Investment Stages: Pre-Seed, Seed, Series A, Series B, Growth Recent Investments: iECure Jnana Therapeutics Nested Therapeutics Check out Versant Ventures profile on our Connect Investor Database Sofinnova Partners Location: London, United Kingdom About: Sofinnova Partners is a venture capital firm that invests in the life sciences sector, from seed to later-stage. Thesis: We invest in people and science to create opportunity. We commit to long-term partnerships with entrepreneurs who are as passionate as we are about pushing the frontiers of innovation to contribute to a better future. Investment Stages: Seed, Series A, Series B, Series C, Growth Recent Investments: Amolyt Pharma Micropep Prometheus Materials Check out Sofinnova Partners’ profile on our Connect Investor Database F-Prime Capital Location: Cambridge, Massachusetts, United States About: F-Prime grew from one of America’s great entrepreneurial success stories. Fidelity Investments was founded in 1946 and grew from a single mutual fund into one of the largest asset management firms in the world, with over $2 trillion under management. For the last fifty years, our independent venture capital group has had the privilege of backing other great entrepreneurs as they built ground-breaking companies, including Atari, Ironwood Pharmaceuticals and MCI. Investment Stages: Seed, Series A, Series B Recent Investments: Neumora Therapeutics Elicidata Ashby Check out F-Prime Capital’s profile on our Connect Investor Database Start Your Next Round with Visible We believe great outcomes happen when founders forge relationships with investors and potential investors. We created our Connect Investor Database to help you in the first step of this journey. Instead of wasting time trying to figure out investor fit and profile for their given stage and industry, we created filters allowing you to find VCs and accelerators who are looking to invest in companies like you. Check out all our investors here and filter as needed. After learning more about them with the profile information and resources given you can reach out to them with a tailored email. To help craft that first email check out 5 Strategies for Cold Emailing Potential Investors. After finding the right Investor you can create a personalized investor database with Visible. Combine qualified investors from Visible Connect with your own investor lists to share targeted Updates, decks, and dashboards. Start your free trial here.

Raise capital, update investors and engage your team from a single platform. Try Visible free for 14 days. 2022 has been a challenging year in the startup world. After a hot start to the year, funding and growth has slowed. As Tomasz Tunguz pointed out in the chart below, funding has collapsed since October. At Visible, we’ve spent 2022 building tools to help founders update investors, raise capital, and track key metrics. With the help of these 6 new features, founders will be able to level up their investor relations and strike when the funding iron is hot. Check them out below: Share and Comment on Fundraising Pipelines You can now share a fundraising pipeline via link. This allows you to ask current investors or peers for introductions or information about investors in your pipeline. In turn, your investors or peers can leave a quick comment to help make an introduction to investors they know. Customize Fundraising Columns and Properties Our fundraising pipelines have become more flexible so you can further tailor your pipeline to match your fundraise. With customizable fundraising columns and properties, you will be able to select the properties you would like to see at the pipeline level. Check out some of the most popular custom fundraising properties below: Min & max check size Who can make/made a connection? Data room shared? Investor type Will they lead? Log Emails with Potential Investors in Visible With our BCC tool, founders will be able to simply copy & paste their unique BCC email address into any email. From here, the email will automatically be tracked with the corresponding contact in Visible. This is great for cold emailing investors, nurturing investors, and staying in touch with current investors. To learn how to get BCC set up with your Visible account, head here. Automatic Fundraising Follow-up Reminders Over the course of a fundraise, most founders should expect to communicate with 50-100+ investors. In order to best help you stay on top of their ongoing conversations, you can now set email reminders for when to follow up with potential investors. This is a great way to speed up the fundraising process and get back to what matters most — building your business. Pitch Deck Branding and Custom Domains Control your fundraise from start to finish. With Visible Decks, you can share your deck using your own domain. Plus you can customize the color palette of your deck viewer to match your brand. You can check out an example here. Include Pitch Decks in Updates Keeping current and potential investors in the loop is a great way to speed up the process when you are ready to raise capital. In order to best help nurture current and potential investors, you can now include your Visible Decks directly in Updates. This can help when kicking off a raise, nurturing potential investors, or sharing a board deck with your board members. Custom Properties as Merge Tags in Updates As we mentioned above, updating current investors and nurturing potential investors is a great way to speed up a fundraise when the time is right. To best help you customize your Visible Updates, you can now use custom properties as merge tags in Updates. For example, if you’re tracking the city in which your investors live you can use that in an Update. Improved Dashboard Layout and Widgets If you’re sharing Visible Dashboards with your team or more involved investors, you can now customize the layout and include additional widgets (like text, tables, and variance reports). This will allow you to give additional context to any of the data your key stakeholders might be looking at regularly. Our mission at Visible is to help more founders succeed. Over the next 12 months, we’ll be building more tools to help you do just that. Raise capital, update investors and engage your team from a single platform. Try Visible free for 14 days.