Step #1: Set up KPI

The number of investors you need to collect in your CRM depends on your skills and experience. The key is to increase your chances of success by finding as many investors as possible.

Founders with a solid network and rich background may only need 50 investors on their list, while first-time early-stage founders may need 10X more investors on their list.

For example: If you are an early-stage, first-time founder, your goal should be to build a list of 300-500 contacts.

Step #2: Identify your investors

Reaching out to investors who don't invest in your industry at your stage is a waste of time. Instead, build a target list of investors using the following parameters:

• By Type
• By Stage
• By Domain
• By Geography
• By Check Size

For example: C-level managers, Angels, and VCs who invest in Pre-seed/Seed rounds in the SaaS and MarTech domains in the Bay Area, with an average check of $100k - $250k.

Use these databases for this step:

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Step #3: Collect them in CRM

• Outreach your network
• Find ready-made databases
• Research Сrunchbase
• Research Twitter
• Meet new friends