The VC platform role has grown in popularity over the past five years. But many VCs viewed it as a "nice to have" when they needed a differentiation factor.
A platform role in VC plays a pivotal role in developing and growing portfolio companies. It also enables the VC firm to stand out from the crowd as the competition gets fierce with each passing day.
As an economic development agency, it's important to build strong relationships with these service providers.
Choosing between software vendors can be difficult for early-stage startups because they may not have the same resources as larger companies.
Using a vendor management platform (VMP) which aggregates data about all of the quality vendors in your sector and makes that data accessible and transparent is a powerful way to maximize return-on-investment and prevent headaches down the road.
Businesses must cultivate their vendor relationships in order to reap the advantages mentioned above.
More and more CVC firms are turning to platforms to help their portfolio companies succeed. There are lots of reasons for this but we're going to outline a few of the key things that we've seen over the past couple of years.
Here we look at vendor management as a core business function and across the three stages of the venture capital cycle.
Over the past few years more and more VC firms have begun to use platform tools and there are even now entire networking groups (like VC platform) to help support the people that are given titles like “Head of Platform” “Director of Platform” and “Head of VC Platform”
Proven works with some of the most successful foreign export agencies in the world, including agencies in the UK, Ireland, New Zealand, and many other countries.
For venture capitalists who want to seed promising new startups, a better and more affordable solution is to invest in a high-quality vendor management platform such as Proven.
We’ll take on the grunt work of onboarding and verifying vendors and managing benefits and deals. You help your portcos make smarter decisions.
Sounds too good to be true? See Proven in action.
