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Askel Ventures · Internal · Confidential

Prospecting Pipeline
— What Changed

One month of sourcing — and a live tracker running through the Oct 25 retro.
Review period Aug 4 – Sep 4, 2026 · tracking daily since · compiled by Steve
📋 broker sources — H1 · H2 · H4 · H5

Broker funnel: 1,355 in → 29 cards out

Listed companies. Trello card only — never emailed.
1,355
seen
→
529
delivered
→
44
passed thesis
→
29
cards
28 of those 29 cards came from one channel (H4), one fix, one week. The rest of the month idled.
📤 cold outbound — H3 only

Outbound funnel: 96 found → 0 replies (so far)

Companies that never listed themselves for sale. The only channel allowed to email.
96
found
→
19
enriched
→
1
passed thesis
→
1
emailed
→
0
replied
This replaces the old "4/10 to 7/10" hit-rate line — that was the enrichment step's contact-discovery rate, not a funnel. One sector, one run, one candidate — too early to call, which is exactly why this now tracks daily.
H1 · firmakauppa.fi · weekly
📋 broker doctrine fix

Finnish broker listings

H2 · bolagsplatsen.se · weekly
📋 broker steady, quiet

Nordic broker listings

H3 · PRH + finder.fi · weekly
📤 outbound new pipeline

Non-listed weak signals

H4 · yritysporssi.fi email alerts · 3×/day
📋 broker the month's incident

Yrityspörssi alerts

H5 · yrityskaupat newsletter · monthly
📋 broker dormant → live

Newsletter scrape

Cross-cutting · shipped 08-28
new infra

Making silence loud

All five issues above were invisible until this landed — same day it caught them.
Live · updates daily · retro 2026-10-25

Tracking since Sep 4

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📋 broker ingestion 📤 outbound ingestion bugs that day
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Live · from the review-period baseline

Where the cards are

DateKindCard
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Where this leaves us

Open questions · defects · next moves

Open questions

  • Does H4's burst repeat, or was it a one-time backlog drain?
  • Is H3's ~10-week sector rotation fast enough?
  • Simo's send identity — @askelventures.com or @gmail? Open since April.

Known defects

  • Estonia: no dedicated source, thesis or not
  • H1 never gets EBITDA — always manual follow-up
  • H4 still can't see profit / age / price
  • Card source (H1-H5) isn't a real Trello field — tracker guesses it from freetext

Potential improvements

  • Non-datacenter path into H4 detail pages
  • Any Estonian source beats zero
  • Add a real Source field to the card template
  • Revisit H3 sector order once more data lands