A revolutionary way of accelerating deals between startups and investors online has been launched in Cambridge UK.Business Weekly’s social network spin-out, CambridgeElevator.comhas launched SpeedDeal, the ultimate digital dealmaker.
It allows entrepreneurs to instantly pitch their ideas to potential backers online.
SpeedDeal takes time and hassle out of the engagement process between innovators and investors.
Startups will tempt investors with a brief description of their idea. This ‘taster’ will be flagged up by CambridgeElevator as an alert to funders using the site.
Investors interested in learning more must then ask the ‘pitcher’ for permission to access their secure page and sign an online NDA (Non Disclosure Agreement) to read more about the innovation.
The parties can then kick the idea around and see if there is a basis for taking the relationship further.
CambridgeElevator chief executive, Richard Kirkby, said: “Angels and VCs say they want to see a business plan before they see the face or faces behind it. Now they can get both in real-time online.
“SpeedDeal pitches startups and investors into contact much faster than has ever been the case and brokers up close and personal engagement while ideas are hot.”