How Hustle Fund Mastered Operational Efficiency
Hustle Fund is a venture capital firm that invests in early-stage startups, particularly at the pre-seed and seed stages. Founded by experienced entrepreneurs and investors Elizabeth Yin and Eric Bahn, Hustle Fund focuses on backing founders who demonstrate hustle and grit. They have invested in over 500 companies across various industries, including Webflow, Boom Supersonic & NerdWallet.
When Hustle Fund crossed 500 investments, they faced a pivotal moment: scaling their operations without ballooning costs or risking compliance mishaps. Relying on manual processes for deal tracking, compliance, and audits wasn’t just inefficient—it was unsustainable. They needed a solution to manage their growing complexity and found it in Process Street, a project management platform purpose-built for venture capital firms. The results were transformative.
From Chaos to Clarity: Streamlining Operations at Scale
“Reaching 500 investments was exciting but also daunting,” says Elizabeth Yin, General Partner at Hustle Fund. “Manual processes—tracking paperwork, coordinating with auditors, and following up on investment statuses—were holding us back. We didn’t want to hire an entire operations team, so we needed a scalable, automated solution. Process Street made that possible.”
By automating repetitive tasks like document tracking, fund administrator notifications, and tax professional updates, Hustle Fund eliminated the need for additional hires, saving them up to $150,000 annually. Moreover, they reclaimed thousands of hours of team bandwidth, enabling a sharper focus on strategic initiatives like sourcing investments and supporting portfolio companies.
Automating Deal Execution and Compliance Processes
Executing a deal and sending a wire might sound straightforward. Still, it’s easy to overlook critical details like ensuring all key company data is collected (articles of incorporation, operating agreements, etc.), performing OFAC KYC security checks, and double-verifying wire details.
Hustle Fund heavily customized Process Street to standardize these processes:
- Data Integration: Writing data directly into their company record database for accurate and up-to-date information.
- KYC Checks: Running OFAC KYC security checks automatically to ensure compliance with regulatory requirements.
- Wire Transfers: Queuing wires to fund administrators with double verification to prevent errors.
- Document Management: Integrating with DocuSign to send SAFEs and side letters seamlessly.
“Process Street allowed us to standardize and automate complex tasks that are easy to miss but crucial for compliance and efficiency,” notes Elizabeth.
Real Results, Tangible Benefits
Hustle Fund saw immediate improvements across critical areas, including deal execution, compliance, and audit preparation. Here’s how:
- Time Efficiency Across Deals: Automating workflows saved five hours per deal. Across 500+ investments, this translated to thousands of hours saved—time redirected to high-impact activities.
- Compliance Confidence: Automated KYC checks and secure data storage ensured all regulatory requirements were met, reducing risks of fines and legal issues.
- Stress-Free Audit Seasons: With all necessary files organized and accessible, Hustle Fund completed audits ahead of schedule, even with over 500 companies. This proactive approach significantly reduced errors and last-minute scrambling.
The Process Street Advantage for Hustle Fund
Features Implemented:
- Automated deal tracking and compliance workflows
- Customized processes for KYC checks and wire transfers
- Integrations with DocuSign for seamless document management
- Data integration with company record databases
- Audit-ready tracking for tax and regulatory purposes
Outcomes Delivered:
- $150,000 in annual cost savings by avoiding additional operations hires
- Thousands of hours saved through process automation
- Enhanced compliance confidence, reducing risks of fines or legal issues
- Accelerated audit timelines, ensuring accuracy and peace of mind
“Process Street allowed us to focus on what matters most—sourcing great investments and supporting founders—without getting bogged down by administrative tasks,” reflects Elizabeth. “This is why, even with over 500 companies, we delivered our audits early last season.”
Ready to Scale Your Operations?
Hustle Fund turned operational complexity into a competitive advantage with Process Street. Could your firm do the same? Schedule a demo today and discover how Process Street can help you scale smarter, save time, and stay compliant—all while focusing on your most strategic goals.
The post How Hustle Fund Saves $150,000/year with Process Street first appeared on Process Street | Process & Project Management Software.
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