Deal Flow for a Family Office: The Painful Word of Mouth Business in a Digital World
Remember the days when stores were closed at 5:00 at night and all day on Sundays? I grew up in that environment. Then came the internet, and now we can buy our goods and services online 24 hours a day, seven days a week, making the online shopping industry a multi-trillion-dollar industry. The internet revolutionized the shopping experience, creating convenience and further empowering consumers to compare products and pricing to make informative purchases.
With modern technology right at our fingertips, why is finding private company investment opportunities still conducted in an old-fashioned manner? There are millions of good companies to choose from and hundreds of thousands of Family Offices searching for deal flow. Yet, this multi-trillion-dollar business seems to be the world’s last “word of mouth” business.
I’ve found, in large part, that Family Offices continue to rely on their established networks – a friend, relative, accountant, or local pitch night events – to learn about startup investment opportunities. Moreover, these networks are confined to a specific geographical location. Unfortunately, the result of these word-of-mouth investment opportunities is mostly an unsuccessful endeavor and certainly limiting.
Enter WealthVP, a digital platform powered by an algorithm that matches Family Offices to private companies and equity funds. Our “fee for service only” community is a software application designed exclusively for ultra-high net worth Family Offices and invitation-only private investment opportunities. WealthVP removes geographical barriers and helps family office investors grow their networks and find solid investment opportunities that align with their funding goals.
Like the internet did for the online shopping experience, we aim to revolutionize private company fundraising by catalyzing the ability to connect, exposing gainful business opportunities, and forging a meaningful impact on the world in a way that saves time, money, and resources.