Q4 2026 ยท Investor outreach benchmarks Capital Access Index.
How many decks it takes to book an investor meeting, from spectup's weekly reports. Updated every quarter.
6,378decks sent
904investor meetings booked
34programmes
about 7decks per meeting, 6,378 divided by 904
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Investor outreach benchmark: about 7 decks per meeting
Across 34 programmes, 6,378 decks sent booked 904 investor meetings: about 7 decks per meeting. A deck sent is one sent to a firm that asked for it, counted in the week it went out. Source: spectup's weekly outreach reports, 27 Sep 2024 to 9 Nov 2026.
7.8lowest programme, meetings per 100 decks
12.9median programme
25.7highest programme
Chart data as a table
| Programme, lowest first | Meetings per 100 decks |
|---|---|
| 1 | 7.8 |
| 2 | 10.1 |
| 3 | 10.6 |
| 4 | 11.1 |
| 5 | 11.3 |
| 6 | 11.3 |
| 7 | 11.4 |
| 8 | 12.2 |
| 9 | 12.3 |
| 10 | 12.7 |
| 11 | 12.8 |
| 12 | 12.9 |
| 13 | 13 |
| 14 | 14.3 |
| 15 | 14.4 |
| 16 | 15.3 |
| 17 | 15.8 |
| 18 | 16.2 |
| 19 | 16.4 |
| 20 | 17.3 |
| 21 | 19.1 |
| 22 | 19.8 |
| 23 | 25.7 |
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The ratio holds at about 7 while meetings a week fall 26%
Meetings a week fall from 2.46 in a programme's first month to 1.81 from week 13 on, while decks per meeting stay at about 7 throughout.
2.46meetings a week in a programme's first month
1.81meetings a week from week 13 on
26%fewer meetings a week
Chart data as a table
| Programme age | Weekly reports | Decks a week | Meetings a week | Decks per meeting |
|---|---|---|---|---|
| Weeks 1 to 4 | 84 | 18.4 | 2.46 | 7.4 |
| Weeks 5 to 8 | 84 | 16.2 | 2.31 | 7.0 |
| Weeks 9 to 12 | 73 | 15.1 | 2.14 | 7.1 |
| Week 13 on | 127 | 13.6 | 1.81 | 7.5 |
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LPs see about two fund decks a month
LPs see about two fund decks a month, and a first meeting from a cold deck is close to none.
Chart data as a table
| Answer | Fund decks a month |
|---|---|
| Typical LP | about 2 |
| Nearly all answers | 1 to 10 |
| Busiest LP | about 50 |
The typical LP sees about two fund decks a month.
A first meeting from a cold deck is close to none. A relationship, or a recommendation through someone the LP trusts, is what gets it.
Once an LP engages, most reach a decision in one to eight weeks.
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How each number is counted, cited and embedded
How each number is counted, and two charts you can embed for free.
- Deck sent
- A deck sent to a firm that asked for it, counted in the week it went out. Downloads do not count.
- Meeting booked
- A meeting confirmed in that week, held or scheduled.
- Programme
- One raise that spectup ran investor outreach for.
- Source
- spectup's weekly outreach reports, 27 Sep 2024 to 9 Nov 2026, one report per programme per week. The headline figures (6,378 decks, 904 meetings, 34 programmes) cover the whole period. The spread covers the 23 programmes with 100 or more decks sent; the cut by age covers 368 weekly reports from programmes that ran 8 weeks or more. Updated quarterly.
- What the data cannot say
- There is no cut by investor type or geography: the weekly reports carry no such field. The index does not say which investors take a meeting or where they are based.
Meetings per 100 decks, by programme
<iframe src="https://www.spectup.com/embed/capital-access-index-ratio" title="Meetings per 100 decks, by programme, spectup Capital Access Index" width="100%" height="420" style="display:block;width:100%;max-width:760px;border:0" loading="lazy" data-spectup-embed="capital-access-index-ratio"><a href="https://www.spectup.com/research/capital-access-index">Meetings per 100 decks, by programme: spectup Capital Access Index, Q4 2026</a></iframe>
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<p>Source: <a href="https://www.spectup.com/research/capital-access-index">spectup, Capital Access Index, Q4 2026</a></p>Decks per meeting and meetings a week, by programme age
<iframe src="https://www.spectup.com/embed/capital-access-index-age" title="Decks per meeting and meetings a week, by programme age, spectup Capital Access Index" width="100%" height="420" style="display:block;width:100%;max-width:760px;border:0" loading="lazy" data-spectup-embed="capital-access-index-age"><a href="https://www.spectup.com/research/capital-access-index">Decks per meeting and meetings a week, by programme age: spectup Capital Access Index, Q4 2026</a></iframe>
<script>window.addEventListener("message",function(e){if(e.origin!=="https://www.spectup.com"||!e.data||e.data.type!=="spectup:embed-height"||e.data.slug!=="capital-access-index-age")return;document.querySelectorAll('iframe[data-spectup-embed="capital-access-index-age"]').forEach(function(f){if(f.contentWindow===e.source)f.style.height=Math.ceil(e.data.height)+"px"})});</script>
<p>Source: <a href="https://www.spectup.com/research/capital-access-index">spectup, Capital Access Index, Q4 2026</a></p>