We use the tools from our startups and their partners to improve our Ideation & Venturing services. Reporting might not be the ‘funkiest’ aspect of growing a business, but it is crucial to keep the investor’s engagement. Here are the tools we use.
Making a small report with the main bullet points of every meeting with every investor, is so necessary to keep the investors engaged with a new venture. Without Flxion that would be a terrible hassle – setting up a meeting, sharing documents and a cash flow statement, making a report, saving it, mailing it together with all the handouts, awaiting some feedback, putting the tasks in a separate list, etc. All that is now done by one tool, that keeps the reports from all the meetings of each investor nicely together. And it helps you plan all the tasks you agreed upon – on both sides. So also the investors can be follow-up on them keeping their promises.
Thanks to the partnership of Flxion with Kwik Look, also the cash flow statement can be generated, shared during the meeting, and attached to the meeting report very quickly. That way, both the startup entrepreneur and the investors keep track of the evolution of the cash flow – and of the remedies that were agreed upon during the meetings. We know that predicting and planning of a startup is very hard, and we also scrum-manage these ventures. By using Flxion at least we can keep track of the agreements that were made with the investors over the course of meetings.