---
title: Micro for Deal Flow | micro
description: Track startup investments from first meeting to closed deal — with AI that updates your pipeline automatically.
---

## Quick Setup

1. **Create a Deal Flow List**

   Press `Cmd+K`, type “new list”, and select the **Deal Flow** template. It comes pre-configured with stages, properties, and views for evaluating startup investments.

2. **Add Deals**

   Add companies manually, import a CSV from your existing deal tracking tool, or let Auto-Add pull them in automatically from your email and calendar activity.

3. **Connect Your Email**

   If you haven’t already, connect your Gmail in **Settings → Connected Accounts**. Micro uses your email and calendar activity to keep your pipeline updated.

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## Your Deal Flow Pipeline

The Deal Flow template comes with stages designed for a typical VC investment process:

| Stage               | What it means                                          |
| ------------------- | ------------------------------------------------------ |
| **New**             | Initial outreach — identifying potential fits          |
| **Initial Screen**  | Determining if the startup fits your investment thesis |
| **Meeting**         | First meeting set up or completed                      |
| **Partner Meeting** | Formal partnership meeting after initial discussion    |
| **Term Sheet**      | Your team has sent a term sheet                        |
| **Closed**          | Deal signed                                            |
| **Passed**          | Decided not to invest                                  |
| **Watch List**      | Not a fit this round, keeping an eye on for later      |
| **No Stage**        | Not yet categorized                                    |

Switch between **Pipeline** (kanban) and **All Deals** (grid) views using the tabs at the top.

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## Deal Properties

The Deal Flow template comes with properties designed for investment evaluation:

| Property                | What it tracks                                 |
| ----------------------- | ---------------------------------------------- |
| **Round**               | Angel/F\&F, Pre-seed, Seed, Series A, B, C, D+ |
| **Investment Amount**   | How much you’re investing                      |
| **Target Valuation**    | Valuation the startup is targeting             |
| **Projected Close**     | Target date for closing the deal               |
| **Priority**            | Urgent, High, Medium, Low, None                |
| **Likelihood to Close** | Probability of deal success (0–100%)           |
| **Co-investors**        | Other investors in the round                   |
| **Next Steps**          | AI-suggested actions to move the deal forward  |
| **Pass/Loss Reason**    | Why you passed or they declined (AI-captured)  |
| **Deal Notes**          | Open-ended notes about deal details            |

Add custom properties for anything else — check size preferences, board seat terms, follow-on rights.

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## AI Autofill

AI keeps your deal flow pipeline current:

- **Status** — Deals move through stages based on your email and meeting activity. Schedule a partner meeting and it moves to “Partner Meeting.” Send a term sheet and it moves to “Term Sheet.”
- **Investment Amount** — Extracted from pricing discussions and term sheets
- **Co-investors** — Captured from round discussions
- **Next Steps** — AI suggests what to do next after each interaction
- **Pass/Loss Reason** — Captured when a deal ends

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## Research Companies

Before a meeting, use the AI assistant or **Meeting Prep** to research the startup:

- View enriched company data — funding history, employee count, industry
- Review your email history with the founders
- See who referred the deal and any shared connections
- Get suggested questions based on the round and stage

Add a **Context Doc** to your Deal Flow list describing your investment thesis, check size, and what you look for. The AI references this when evaluating deals and suggesting next steps.

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## Track by Round

Use the **Round** property to filter your pipeline:

- Create a custom view filtered to “Seed” to see just seed-stage deals
- Use the grid view to compare deals side by side
- Sort by valuation, priority, or projected close date

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## Collaborate with Partners

- **Shared pipeline** — Your whole team sees the same deals and stages
- **Activity feed** — See when partners had meetings or exchanged emails with founders
- **Assign owners** — Use the Owner property to assign deals to specific partners
- **Linked docs** — Attach deal memos, due diligence notes, and term sheets to each deal

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Tip

If a deal moves to “Closed”, you can add the company to your Portfolio Companies list to start tracking it as an active investment.