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.
These ten recommendations can serve as a great starting point of reference to help you identify the right vendor management system that meets your business needs
Software that is specialized and designed explicitly for the venture capital industry, can automate certain processes, capture, track and measure more accurate data and saves your platform team valuable time.
Private equity and venture capital firms might be operating at different levels, but they still have lots of similarities in both objectives and what it takes to hit said goals.
Shifting from a transactional to a relationship-based approach with the suppliers that help your portfolio companies thrive will not happen overnight, but it is good to be intentional and purposeful right off the bat.
The future of PE is about more than just big deals; it's about creating value at every level.
Centralizing vendor data can significantly transform the operations of your private equity firm. In addition to the apparent advantages of cost control and enhanced operational efficiency, there are additional benefits related to value creation.
The future of private equity lies in data-driven decision-making and strategic agility. Don't let outdated methods hold you back. Make the leap to a vendor management system and unlock better vendor management.
Whether you're going after PE investors, venture capitalists, or even angel investors, all private equity professionals with the resources and desire to fund your business development, always keep in mind the ultimate objective.
If your strategy, tools, platform, and the relationships you forge with both internal and external stakeholders are solid, your career is guaranteed to be a thrilling experience—perhaps the adventure of a lifetime!
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.
