How to Do Deals in Slack – 500 Global

back in March, 500 Startups set up a dedicated Slack channel to facilitate investor networking during its first ever Digital Demo Day. The chopine, renamed 500vc, proved sol popular that the team decided to turn it into a permanent wave meet venue. Deprived of travel and in-person events, more than 1,300 vet investors from around 50 countries now converge in 500vc to meet, partake deals and exchange insights .
McKeever “ Mac ” Conwell is one of them. He joined 500vc to attend Digital Demo Day as a portfolio director and consider team coordinator at Maryland Technology Development Corporation before launching his own fund, RareBreed Ventures, in August. An early stage investor and renaissance man, Mac uses 500vc to get exposure for his portfolio companies. After recently dropping the cant deck of an e-sports company in the share hang transmit, five investors reached out. It is now going through due diligence with an investor. Another portfolio company, in edtech, is besides presently in talks with an investor .

“ Any given clock time, any given sector, no matter what it is, I can find person else who can look at it [ a pitch deck ], ” says Mac. “ rather of me emailing a deal to you, I can put this in the Slack channel and it goes out to an entire list of folks. ” Mac recommends staying engaged and exploring extremity profiles. That way, an investor can tag people concern in a particular sector and direct-message decks them .
Looking ahead, he plans to continue eyeing potential investments through RareBreed, which focuses on founders outside major technical school hub without easy access to speculation capital. The 500vc community has allowed him to meet investors who share his pastime in underrepresented founders, and with whom he hopes to forge durable connections.

One such investor is Shila Nieves Burney, who was tapped by 500 Startups to oversee the East Coast groove, one of 500vc ’ randomness 40 micro-channels, which represent sectors and regions worldwide. Shila, who ’ s the establish and do partner at Atlanta-based Zane Venture Fund, is looking for co-investors, including Mac. She has highlighted the ability to potentially identify deals through 500vc in her fund-raise deck to LPs. “ I have a watch of deals I wouldn ’ t have if I wasn ’ t function of that groove, if I wasn ’ thymine separate of this Slack community ; particularly sitting here in Atlanta, ” says Shila, who looks for diverse teams in the Southeast. so far, she has looked close at up to 10 companies she learned about through 500vc .

Shila Nieves Burney, Founding and Managing Partner, Zane Venture Fund
Picture courtesy of Shila Nieves Burney

Community members should keep an loose mind and explore respective channels, suggests Shila, including being receptive to opportunities that weren ’ deoxythymidine monophosphate on their radar. That ’ s how a feminine products party caught her eye recently. Although it is on the West Coast, she found it worth checking out. “ Take a look, possibly a second look, ” she says .
Susan Wang, a semen to series B guess edtech investor at Learn Capital, joined 500vc in April after a major edtech league was cancelled. She recommends attending the monthly 45- minute Virtual Meet and Greet 500vc hosts, through the events platform Icebreaker, to facilitate one-on-one introductions. This has allowed her to connect with a renaissance man investor with whom she now holds quarterly calls to share thoughts on edtech and talk about deal stream. “ To the extent I see things that are for model excessively early for us, or things that are not in edtech that I see are interest, I ’ ll pass it on to him, ” says Susan .

Susan Wang, Venture Investor, Learn Capital
Picture courtesy of Susan Wang

She besides had the opportunity to nominate Learn Capital portfolio company Smashcut at 500vc ’ s monthly Startup Spotlight, with the goal to get exposure for the startup. Smashcut, deoxyadenosine monophosphate well as four other investor-nominated companies got their own channel for one workweek, and the opportunity to schedule office hours with investors .
Mac, Shila and Susan are all part of diverse Slack channels a well, including the newly- established Bunch of Founders, but besides the pre-pandemic channels of Emerging Venture Capitalists Association and Global Women in VC. The latter attracts more than 2,100 full-time investors from Bangkok to Sao Paulo. “ It [ Slack ] is a scalable way to share dependent deal flow, ” says investor and Women in VC co-founder Jessica Peltz Zatulove, who ’ s besides in 500vc .

Jessica Peltz Zatulove, investor and co-founder of Global Women in VC
Picture courtesy of Jessica Peltz Zatulove

She believes the initiation for making an investor Slack group successful is trust. Her advice includes being inclusive and generous, asking founders if they ’ re comfortable having their lurch decks shared, and being crystalline about deals. “ If you post an investing opportunity, say ‘ I ’ m an investor or I passed, because it ’ s besides early or besides late , ” she says.

Post pandemic, investor Slack channels are here to stay–one more cock to lean on. “ We ’ re in a here and now of time that will produce transformative companies that will shape the coming ten. With founders now dispersed across the area, investors are finding raw channels and getting comfortable sharing consider stream through trusted virtual networks, ” says Jessica .

If you ’ rhenium interested in joining 500vc and are an active investor, please submit your request hera .
If you have any questions regarding the 500vc community, feel unblock to contact Kate Sedelets, Investment Team and 500vc Community Manager at kate @ 500startups.com

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