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Updated almost 7 years ago, 02/09/2018
Do you agree with these probabilities for landing an investor?
I've been building my investor database, and within that, I've created an Investor Pipeline that associates each investor into a stage of our communication, in addition to an assigned probability for landing that investor. NOW, I know that probability depends on an individual's skill and experience which can have significant discrepancies so feel free to lend your assessment and I'll pull an aggregate of your answers. Here are the stages and assigned probabilities:
Needs Assessment = 5% - Essentially acknowledged this person has over the minimum threshold of investment for my firm. They have expressed interest in investment or have previously invested in a similar property type or market.
Intro Call = 10% - I've completed an intro call and done some general "picking" on their needs. We've only established or discussed a small portion of the qualifiers needed to begin to send them deals.
Criteria Established = 15% - All holes have been filled from previous conversations, and I have a good gauge of their criteria for investment.
Investor Pitch, Commitment = 25% - I've pitched them either on a deal or our company. We connect, and they've agreed to start receiving deals from me.
Deal Flow Sent = 30% - Investors are actively receiving my deals, and I'm coordinating follow-ups and feedback on deals sent to them.
Financial Verification = 50% - We've agreed to come to move forward on a deal and are working on all necessary documentation to confirm their financial viability to get their committed amount. We've discussed the timeframe in which pledged amount would be needed.
Thank you in advance.
Breaking out some of the BP forum juggernauts:
@Brian Burke @Jay Hinrichs @Brandon Turner @Curtis Waters @Account Closed