Foundersuite

Effective, intuitive, easy onboarding and friction-free, instant adoption by my organization.

Kommentare: Ease of use, disciplined focus, and functionality. Ability to get company-wide adoption.

Vorteile:

Foundersuite simply puts you in the mindset you need to be in investor outreach without distraction. Because it is disciplined in its focus and robust functionality, it was very easy to communicate, onboard and gain adoption throughout my team. There is something about the UI that lets you gain confidence in pulling the trigger in capital raise campaigns and investor relations. The customer support has been top-notch. This goes a long way.

Nachteile:

Nothing specific comes to mind - there was a UI layout for specific campaigns that confused me for a period but was revamped and improved greatly.

Great product and customer support!

Kommentare: I've tried several CRMs and Foundersuite has been the most user-friendly by far. I'm particularly impressed with their tech support and quite often find myself chatting with [SENSITIVE CONTENT HIDDEN]

Vorteile:

I really enjoy how intuitive it is. At the same time, the more I use it, the more useful the platform becomes. Foundersuite offers a turnkey solution while allowing for customization, something especially invaluable for emerging fund managers.

Nachteile:

No platform is perfect and there are some (minor) areas for improvement. For instance, depending on the volume of information accessed, it might take a couple of seconds to load the data. I have also come across incomplete data while searching for investors.

I tried Founders suite on our seed funding , but the tool did not full-fill my needs

Kommentare: just organized a bit better than a xls file

Vorteile:

The interface is OK and the search integration with angel list is the only feature that was above average

Nachteile:

The inability to export the work done on the platform or import pipelines form other platforms, also the automation is poor, email automation is a must in this kind of tool

A great set of tools for a first-time founder

Kommentare: From a first time founder, this resource has been worth its weight in gold. The CRM has provided an easy way for me to keep track of our raise separately from our client CRM for sales, which kept my role as CEO headache free.

Vorteile:

This is my first time founding a company. The quantity of resources within Foundersuite were overwhelming at first. I thought for sure I would never use them all. Little did I know, I have used nearly every single educational resource, checklist, and worksheet. The guidance Foundersuite provided was invaluable.

Nachteile:

The size of the investor list is massive, but it takes some additional work to get connected with them. I spend a good amount of time going to Linkedin or company websites to find direct contact information.

Been great for researching and "collecting" prospective angel investors as we prepare to raise.

Vorteile:

Large investor database (there are thousands of potential New York area investors in the system). Easy to use interface that keeps me on track with my fundraise and helps me manage investor relationships. Solid workshops and webinars about raising capital. Great customer support. I've also been using the Investor Update tool to keep our stakeholders in the loop with our progress, which they've appreciated.

Nachteile:

I originally got a 40% discount through WeWork’s Services Store. It would be nice if the discount extended forever.

My experience has been amazing! Currently using Foundersuite daily and solves so many headaches!

Kommentare: Easy of use
Tracking flow of investors
Valuable investor related information and prospecting new investors
Saves me so much time having everything in one place versus excel sheets

Vorteile:

What I love most is how easy things are to input and transfer around on the Kanaban board to track things. It is super easy to setup, add notes, track progress and visualize your flow of investors all in one place! Highly recommend people to use this that are running a business and need a CRM tool to track potential investors/ current investors or keep them up to date.

Nachteile:

Sometimes I get logged out more than I would like, I have to login almost every time I visit the site vs it remembering my credentials.

Exceptionally easy to tailor to my own needs; integrates well with my other software; great asset

Kommentare: Instant organization for the multitude of investors and investor candidates, then partners and candidate partners in our company. Foundersuite gives us shared awareness and near-real-time status on exactly where we sit on investor and biz development which grows accuracy, saves time, and streamlines what could be a laborious endeavor.

Vorteile:

You can modify columns which give a customization flexibility to make it a useful CRM across many business domains. I used Foundersuite for our fundraising and immediately pivoted to biz dev partners and partner candidates. I had minimal instruction; discovery learning is easy. This is my first outside of a career in the military and I love it.

Nachteile:

Minor comments: SUGGESTIONS--The edit/save feature is hard to see; consequently, I sometimes forget to save an entry (per field) and often repeat the work. the email historical info is terrific, but sorting through the email message (unformatted) is difficult. If the history can preserve emails in their original format--and not just the text--it would be a massive time saver.

Great platform for organizing all of your investor outreach in one place

Kommentare: Consolidation, Efficiency in fundraising efforts.

Vorteile:

I find the software to be intuitive and effective for managing your fundraising efforts. It allows you to track your communications including the ability to connect email messages to investors. It also eliminates the need to continuously update Excel sheets offline and share to track your outreach. Instead, everything is real time and offers a window for multiple users who are conducting your outreach efforts.

Nachteile:

I think the database of investor information could be expanded to reduce the individual effort to populate fields that could be pre-populated. Also, it would be great to be able to illustrate relationships between investment firms and individual investors as well as relationships between investors so that you can be aware of who may be talking with each other.

Fantastic. It was instrumental for management during the process for closing my second round.

Vorteile:

Very easy to use, the software is intuitive and the layout is very clean. I really like the visualizatio of money raised/committed with the ability to put a % chance per investor. The UX and UI are great!

Nachteile:

Can't decrease box size/not able to minimize Kanban view to show the whole funnel (need to scroll). It's annoying to have to click on the Notes in order to view old entries, I wish that were the default or that there were a running list that showed an icon per interaction (ie. Called on 1/1/17 (Phone icon), and Sent deck (different icon), instead of having to click between a bunch of tabs in the investor screen.

Foundersuite hit the sweet spot for cost/value. It has just the rig capabilities, but simple to use.

Kommentare: We are able to keep our team focused on getting investors, and not on updating complicated spreadsheets.

Vorteile:

We've been raising money for a while. Like most teams, we've been using spreadsheets to manage our investor pipeline with limited results. We finally decided to take our team to the next level and adopt a CRM. At first, we considered using our customer-facing CRM, but it just wasn't a good fit. Foundersuite hit the sweet-spot for cost/value and incorporates all of the right features we need. Most importantly it was easy for our team to learn and start using.

Nachteile:

Foundersuite is still in early releases. There are a few features that we would like to see in the app. However, the support has been excellent and some of our needs are scheduled for an upcoming release.

Terrific Tool to Manage Your Investment Rounds!

Vorteile:

I used Foundersuite extensively during our initial Pre-Seed round of investment and it was absolutely invaluable! Having a power investor CRM database was absolutely key for us during the round and I am convinced it is one of the reasons we were able to achieve a fully subscriber round.

Nachteile:

I only used the Investor CRM feature of the software so far because we were raising our Pre-Seed round, so I have not had a chance to test out all the other features yet.

Really Liking Foundersuite

Kommentare: Raising capital is a full time job, and the learning is constant. Foundersuite enables me a great deal of flexibility and data manageability to keep it all organized and rolling forward.

Vorteile:

I have been on Foundersuite for almost 12 months. To start, I found its VC Database was very comprehensive, I added and qualified more than 50 additional VC's to top off my funnel. I'm at the point where it's a hustle, getting pitch letters out. With more than 150 VC's in my funnel, having a quick tool to sort and filter activity has been super helpful in running a strong and organized campaign. (I find taking notes to be especially helpful in keeping all the important information respective to each VC visible, saving me lots of time in having to reread websites.

Nachteile:

It's not always intuitive, and [SENSITIVE CONTENT HIDDEN] is always there to help field questions.

A most valuable service in the changing landscape of entering, scaling, expanding a business.

Vorteile:

Foundersuite's efforts for startups bring advice, education, structure, and live solutions to those entering the startup universe, and assist in preparing them for future growth.

Nachteile:

In today's funding world VC's lack actual startup experience, which is considerably different from gathering investors, sitting on boards, etc.; and they have become myopic in terms of finding the 1 our of 10 viable startups. As a result VC are tending to ICO's to raise "non-responsible" capital, i.e. avoiding earning investor fees and responsibility to investors. Would suggest an additional funding focus out side of the VC world, i.e. into private capital, i.e. back to traditional, highly experienced, successful entrepreneurs as investors. There's lots of money in the hands of experienced entrepreneurs.

If you want to raise money, and don't understand the process use Foundersuite.

Kommentare: The organization and the ease of use. I mean overall this the best software in the market, for all the tools you need to raise money like a pro.

Vorteile:

The software is easy to use, and it breaks down the daunting process of research and organization and planning that goes into fundraising. It's broken down into bite sized, and project segments which can be understood by most people not used to raising capital. If you never raised capital, for a business on a professional level use this software.

Nachteile:

Theirs very little, I would say the documentation flow. Their needs to be a template for convertible debt note and stuff like that within the software, and also the connection they ask you to get recommendations. But their needs to be a warmer introduction.

Good tool for keeping on top of investor. Few things missing

Vorteile:

It's a tool that makes managing your pipeline much clearer and easier. Being fully customisable on the pipeline side of things is great.

Nachteile:

Haven't found a reason to use it outside of investment rounds. Creating a way to add tasks and reminders would be super useful. Also, copying boards to new rounds could be useful.

I had an amazing experience with Foundersuite! It totally changed the way I connect with investors.

Kommentare: Organization and framework for fundraising.

Vorteile:

I love the user interface; it is self-explanatory and easy to use. I also love the customer service; they have always been there when I needed help with something.

Nachteile:

The only con I could think of is the price. Even though it is not a lot for what they offer and I can justify this expense, every dollar counts for a bootstrapping startup.

Myy experience with the suite has been very positive.

Vorteile:

The way the tool automates the tracking process for pre and post funding makes it easier for founders to keep update and stay informed. This results in better communication and coordination across the team.

Nachteile:

I think here could be value in exposing an API that companies can connect to programmatically insert investor leads from alternate resources.

The interface is great, and really easy to use.

Vorteile:

I'm able to organize our companies fundraising efforts all in one space, and keep it updated easily. It means our fundraising team is all on the same page, and understand what is taking place in our investor relations. The reporting system is fantastic as well, easy to produce clean, sharp looking reports.

Nachteile:

Trying to interact with our different boards (ie. Seed A or Seed B) is difficult. I'd like to see an easier copy paste function. Sometimes when you engage with a potential Investor, they are not suited for your current raising, but you want to revisit them during the future. Right now when you make a new board, all you can do is say "yes" to copying the previous board.

Helped Us Track & Close Our First Two VC Checks, Find Us Niche Mentors/Angels In Our Space

Kommentare: Organization: Keep Track Of All Investors
Discovery: Became Aware of Investors That We Had No Idea Existed
Communication: Simplified Internal Updates

Vorteile:

Foundersuite isn't just a CRM to track investors. For niche market startups like ThroughPut, Foundersuite helped us find supply chain investors and mentors. After bootstrapping for 18 months, we used Foundersuite to systematically close our very first two venture capital checks. For first time founders, especially in non-startup ecosystems, Foundersuite provides a much-needed bridge to global capital.

Nachteile:

Direct messaging investors or alert sync with Outlook would improve the overall stickiness of the product.

Great user experience and even better customer service by the support staff. Really impressed.

Kommentare: FounderSuite.com allows me to look very professional to potential investors.

Vorteile:

I can store my startup story and associated documents in one page that can be sent via link in an email to whomever investor I want. Really clean and highly valued user experience by all stakeholders.

Nachteile:

If I use the Edge browser, sometimes my attached documents don't delete when I want them to. But, with help from the support staff, we worked it out quick.

Used it to organize our fundraising efforts. Was useful, but no reason to keep it afterwards

Kommentare: Helped us stay organized during our fundraising process.

Vorteile:

Helps us keep organized, easy to understand out of the gate. We didn't have anything before this besides Streak pipelines. A CRM really is critical but one not streamlined for fundraising really wasn't worth it.

Nachteile:

I stopped using it awhile ago after we raised our funding so it's tough to remember specifics. I don't remember anything specific really standing out to me as major issues. Really just that there wasn't a need for it after we raised our round. Something around investor updates would be useful for us.

Pretty straightforward and easy to use tool

Vorteile:

Simplicity of the tool and yet being able to offer all the necessary features that a startup would need for fundraising

Nachteile:

Can't really think of any except perhaps the pricing bit. Would be great to get more than 75 investors in the silver pack

Excellent product

Kommentare: Amazing tool, easy to use and obvously the team spent a lot of time looking at user needs. Very well formulated user experience.

Vorteile:

I've spend years fundraising and was waiting for a product like this to pop up. Finally it is here.

Nachteile:

A bit pricy for a startup but fine. Some features are clunky.

Easy to use and helps you stay on top of your fundraising round(s)

Vorteile:

Easy of use. Search investor feature is very good and helpful to build your pipeline. Easy to keep track who views your deck and any other docs you share.

Nachteile:

Design can be improved. Some features are still missing to be make the experience better, like linking people together under one same entity.

Great software, amazing service!

Kommentare: Amazing support, specially I want to thank Nathan for his help.

Vorteile:

Considering all of the needs of entrepreneurs.

Nachteile:

Everything is really great! The service and the package is fine tuned for founders. highly recommended.