Today, we are proud to announce the official beta launch of vc-rank.com!
VC Rank is a tool for founders to generate a customized list of VCs that are the best fit for their stage and sector.
New Stack's Nate Pierotti developed the idea for VC Rank after listening to the pain points of early-stage entrepreneurs. The front-end tool leverages a back-end database, more exhaustive than any in the industry that took 3 years to assemble.
VC Rank was inspired by founders. We continually heard from founders how opaque the venture landscape was and how challenging it was to raise capital. To understand this deeper, we set out to aggregate feedback from founders - surveying over 400 of them. Far and away, the issue that was the most prevalent was understanding which VCs were the best fit for their startup and knowing which ones to target. So we created VC Rank. VC Rank is a tool that instantly curates a list of the top VC firms from a database of over 1700 firms. Upon filling out a short series of questions, the founder will receive a list of 40 VCs that match the founder’s venture both in terms of stage and sector.he ultimate sophistication. -Nate Pierotti
First up: How to find your next venture capitalist.
There's a VC firm called New Stack that focuses on leading first institutional rounds into startups that are not based in San Francisco and New York. As you can imagine, part of its job is helping its portfolio companies — here, in case you wanted to peek — find their next investor.
So, New Stack's Nate Pierotti tells The Exchange, his team crafts next-round plans with their portfolio companies so that the startups can avoid wasting time when they go out to raise a new round. Per Pierotti, these plans are popular with both founders and VCs alike.
A bit ago New Stack asked around 400 founders what their venture pain points are, an exercise that I presume many VCs execute to better understand their market. Something that came out of the study was that many founders wanted help finding their next investor.
In light of the results, New Stack decided to help, putting together a public version of their next-round tool. It's called Venture Rank, and you can check it out here. If you tell it about your startup, it will suggest some funds to talk to, with over 1,700 in its database.
Why bring all this up? Aside from always looking for an excuse to cover Midwest startup activity, we spend a lot of time in this newsletter talking about companies busy leaving their venture capital days behind them. Here was a chance to talk about a resource that founders still in the venture mix can actually use.
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