Floww Startup guide: Uploading & the Importance of data
Floww provides a platform for startups to connect with top Venture Capital firms through a network built on unbiased data and metrics straight from the source itself.
Data builds trust and drives results between Startups and VCs, where startups can show true company performance and potential to Venture Capital firms, and VCs in turn can choose how to move forward.
For many Startups, organizing financial models and sifting through spreadsheets takes lots of time and energy, and mistakes and small errors can arise in the data which can be detrimental to startups down the line.
Floww provides a solution.
Startups who join the platform simply drag and drop their financials, cap table and deck into the platform, and Floww’s team of accountants processes the data, presenting it in multiple formats such as interactive graphs and detailed tables.
Startups can also upload new financials, or any updates to existing models 24/7 and Floww’s team will process it and update the startup profile.
To upload or update your data on Floww, there are a few simple steps.
Steps:
1. Open the page titled Info
2. On the right hand side of the page, click the blue button that either says Edit your Company Data if you already have some uploaded, or Upload your data if you have yet to
3. Describe any changes to your data in the text box and hit next
4. Drag and drop updated financials, cap table or deck into the appropriate areas, and hit submit
You can also update or upload data on the Connect page, by clicking the same blue button in the right hand corner, and repeating these steps.
Then what?
Floww’s team will process the data, and if there are small errors or mistakes, offer solutions to resolve these. The platform also provides templates for Startups such as Cap Tables, and examples of all the files that need to be uploaded, to guide Startups that are just starting out.
All data uploaded on the platform is encrypted and highly secure, and private until Startups wish to share their data by connecting with VCs.
The Importance of Data
Startups can put their best foot forward when pitching to investors, knowing they have a plethora of accurate and unbiased data to share, including numerous KPIs, forecasts, benchmarks and a range of qualitative data.
By using the Performance page, startups can visualize their data uploads, analyze performance and understand benchmarks. Not only do VCs feel the advantages of having access to startup data, but Startups themselves now have a more effective way to visualize their performance.
Instead of spending time sifting through spreadsheets, startups can quickly and effectively visualize their data in interactive graphs, or switch to detailed tables and charts. This also means that for VCs, understanding and visualizing the performance of Startups can be done much more quickly and effectively, and accelerates their deal flow.
Numbers and data don’t lie, and VCs want to see them to make a deal. With Floww, Startups can provide VCs with clean and interpretable data, and show them what they want to see.
If you’re a Startup looking to connect with more VCs, see how Floww can help you here.
