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.
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As an investor, you will be more successful if you help your underperforming investees brainstorm solutions and strategies for the problems they face instead of giving up on them.
There are many ways your private equity firm can improve vendor relationships. From setting clear KPIs to implementing vendor management software, the right strategies can help you make informed decisions and rise above the competition in a changing market.
You need to know how to choose the right vendors, build relationships that enable you to get the best deals, and a system that facilitates performance monitoring.
The software should have a user-friendly interface so that your team can navigate the complexities without any trouble, and it should become their ally, not an obstacle.
The strategies and ideas outlined in this post are far from exhaustive, but they certainly give you and your team a solid starting point for building a thriving ecosystem that is mutually beneficial to all.
Let Proven do the heavy lifting when it comes to all things vendor and third-party services provider-related so your new team can focus on more strategic aspects of the value creation plan.
The evolution of platform roles in venture capital firms underscores the critical importance of community building.
The journey to building and maintaining an effective value creation team requires commitment, strategic planning, and adaptability. By focusing on these key areas, your firm can unlock the full potential of its investments and drive substantial growth.
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.
