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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