Investors, investors, investors

February 27, 2023

It’s going to be a busy week as our team is dividing and conquering several conferences and events in Park City, Las Vegas, and San Francisco. The theme for all three is driven entirely by our search for capital from investors, particularly those Qualified Purchasers we had mentioned in the last all hands. While we’re keeping the pressure on to get more retail investors through outreach and webinars, looking at the demand coming in for the three deals that launched last week is making it clear we have no shortage of borrowers who need debt capital and underwriters who want to work with them, but capital is our biggest shortfall at the moment.

In Park City, we’re going to be spending time with [ ] current and prospective investors who have invested in their fund. In addition to getting them excited about what we’ve built and convincing them to deploy capital directly with us, this is a first step to getting Quiq to start to think about using our multi-market functionality to manage their investors when we launch this feature later this year.

Las Vegas this year is going to be slightly different as we are attending SFVegas for the very first time without any major institutional deals to market. Instead, we’re coming in for the very first time really as a software service provider marketing to Underwriters. On top of this, we also have the ability to jumpstart some conversations with credit funds for potential other term sheets for credit facilities now that we have some leverage in conversations with the one that came through last week.

In San Francisco, this will be the first time we’re attending this investor forum being held at Stanford University. Unlike other conferences where the organizers tout hundreds of family offices in attendance and the reality is there’s no families and just a bunch of service providers, this conference in particular is only family offices and 3-4 service providers at maximum. This is a strong ratio that bodes well for our chances in closing on new family office capital.

We have our first new blended note with an institution closing before the end of the month and there’s several conversations this week with some of our existing large investors who are interested in learning more about building customized blended note for them. It’s pedal to the metal this week on investor capital, let’s get it done 🏁