OpenScout by Landscape

Name: OpenScout by Landscape
Rating: 5.0 (1 reviews)

Scout for multiple VCs, earn up to $50k for referrals

5.0•1 review•

6 followers

Scout for multiple VCs, earn up to $50k for referrals

5.0•1 review•

6 followers

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With OpenScout, investors can access diverse dealflow from handpicked scouts. Venture scouts can share deals with an entire marketplace of investors, and get paid a success fee ($5k-50k!). Apply to join as a scout or as an investor for our invite-only beta!

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Launch tags:Investing•Venture Capital

Launch Team

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OpenScout by Landscape

Maker

Hey everyone 👋, I'm Joe, founder of [Landscape.vc](http://Landscape.vc). I launched Landscape last year in the middle of the pandemic with the mission to make fundraising more transparent for founders. Landscape very quickly became the go-to platform for founders to find verified (and anonymous) reviews on venture capital funds, but the team and I have been thinking hard about other ways through which we can make fundraising and the general venture market more open and accessible. And this is how OpenScout was born! 💡 I personally have been involved as a venture scout this past year and had tremendously enjoyed the experience. However, that is not to say that the existing structure of scout programmes run by various venture funds is necessarily perfect. For one, scout programmes are tied to each individual fund, so deal velocity for scouts is, let's be frank, on the low end. As importantly, though many funds make an effort to put together batches of scouts with diverse backgrounds, homophily stills plays a large role, and that means the dealflow from a fund's vetted scouts may not be as far-reaching and diverse as one would've hoped. With that in mind, the Landscape team wants to make venture scouting easier. With OpenScout's scout-as-a-service marketplace: 🤝 Venture scouts can now share dealflow with not just one fund, but a (theoretically) endless number of funds, thereby increasing the number of successful deals as well as their reputation, and by extension, helping founders on the way 👀 At the same time, investors now have a chance to access dealflow from a wider selection of scouts from all walks of life, and up the probability of spotting deals outside of their existing networks 💰With every single successfully scouted deal, venture scouts also get paid with a success fee (ranging from $5k to $50k!), and in some cases, carry incentive in the deal We hope this new model is a net positive to the venture space, and hope that one day, more founders, researchers, and everybody in between, can leverage their own networks to build their brands as solo capitalists. The invite-only OpenScout beta is set to launch in Q1 2022, and we're curating our first batch of scouts and investors. So far, we have about 30 scouts and close to 20 pre-registered 👯‍♀️ If you're interested in taking part in our beta launch, follow this link to find out more! We'd also love to answer any questions and gather feedback from the wider ProductHunt community, so feel free to comment below or slide into our DMs 😊

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5yr ago

@joeperkins Well done to you and the team. Platform looks solid! Question: How does OpenScout track transactions and ensure that scouts get paid?

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5yr ago

@joeperkins congrats on the launch Joe!

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5yr ago

OpenScout by Landscape

Maker

@joeperkins @saher_shodhan1 Hey Saher! Bri here, I've been working with the Landscape team these past few weeks on OpenScout. That's a good and very important question. The entire deal sharing process is tracked right within OpenScout: investors can request an intro or deck from any scout they follow, so the process is not lost in a sea of emails. Before an investor requests an intro or a deck from said scout, they are asked to commit to attributing this deal to the scout. We also will be building further automated control mechanisms to ensure scouts get paid if a deal is successfully done. There's probably a ton of other features we can build into the product, so would love any ideas and suggestions on this particular topic if you have any!

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5yr ago

@joeperkins congratulations on the launch, this is superb!

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5yr ago

Text/Turner

hi @joeperkins! it looks super interesting. I'm wondering if it only works for deal flow for US startups, or it works for worldwide deal flow? Or any specific countries? Thanks

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5yr ago

OpenScout by Landscape

Maker

@joeperkins @fotoflo @keyurahuja Hey Alex, we're currently focused on Europe but do not necessarily have any geo-restriction. There are however also marketplace dynamics to take into account—for instance, if we don't have many investors with an Asia mandate, then as a scout who focuses on dealflow from Asia one would not see as many successful deals done on the platform. Hope that helps!

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5yr ago

QuikReturn

Really cool - product looks amazing! Question: How are you going about sourcing VCs for the demand side of the marketplace?

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5yr ago

Spiral

So excited for this, Landscape — and now OpenScout have been the biggest changes to Venture Capital in my time being involved! Can’t wait to see this in action 😍

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5yr ago

Text/Turner

hi @joeperkins, is there any conflict for other VCs to join as scouts?

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5yr ago