At Slush 2016, over 6,300 pre-booked meetings between startups and investors took place. On top of those, matches were also made with executives and media. The secret behind these meetings was our Slush Matchmaking Tool, built by Slush team. Today, we opened the tool for Slush 2017.
Since there was not a tool good enough for pairing startups and investors, we started building one – a database for booking meetings at the Slush Meeting Area. The year was 2012, and since then, we have developed our own matchmaking tool. The newest edition has already proved itself in the heat of Slush Singapore and is now ready for the cold North.
How Does It Work?
Last year, the tool initiated 1.82 working years of VC meetings. In addition to that, 76% of all those investors found startups worth investing in. To increase the relevancy further, the tool has undergone several improvements throughout the years – especially in 2017.
For the first time also our speakers are included in matchmaking – giving them one more way to help founders. Therefore, between all the startups, investors, executives, media, and speakers, the algorithm searches the best matches based on information collected when registering.
“The algorithm is a simple elastic algorithm scoring all relevant entities by matching your personalized filter values with all profiles,” explains Tero Saarikivi, representing the team behind the tool. “To improve the usability of the tool, we built it on the same platform as our ticket shop. The user interface should feel familiar.”
It’s also important to notice that the tool is not only for matching two different parties. Startups can match with startups, investors with investors, speakers with speakers, and so on. “We are using the tool also at Investor Day, a day before the actual event” Tero mentions, and further recommends a clear three-step-plan for you: “First, check your profile. Then, search for others’ profiles. Finally, suggest and have meetings with them. Simple and effective.”