Positively impact your firm's growth, profitability, and viability.
Most often, the pursuit of new technology is spurred by a significant event, such as fundraising or capital deployment. In other words, it happens in fits and starts—and there is often a trigger. That means there are always a couple of years of calm followed by at least one of stress and frenzy. But, it also means that there is rarely anyone whose job it is to own the process.
So, chances are good that your expertise is not in choosing automation software for your VC/PE firm. Yet here you are, tasked with evaluating and selecting your firm’s investor and deal management system(s). No pressure. Your decision is just poised to have a long-lasting effect on your firm’s growth and profitability. Perhaps even your viability as a firm of the future.
“My advice to becoming a firm of the future is three-pronged:
- Make it a point to consistently evaluate new vendors and products.
- Keep abreast of what your existing vendors are doing.
- Uncover what’s worked at other firms. That might mean hiring a consultant, but your network will probably provide as much help as you need.
But, most importantly, you need to know what’s possible out there to ensure that you are not unexpectedly limited in the future. Consumer expectations, the art of the possible, provide a huge opportunity to leverage technology for a differentiated experience for your LPs.”
– Jeff Williams, Chief Strategy Officer at Altvia
