Articles on: Funnel and Applications

Setting up voting

How to set up rating/voting in a deal room?

Voting can be set up by deal room members who have full access to deal room settings.

To set up voting in your deal room:
go to deal room settings
open the Preferences tab
click on “Funnel” in the Configuration section
open the additional actions menu (from the three dots) of the funnel step where you want to set up voting
choose “Voting”

In the voting setup dialogue, you can configure the following things for the voting round.

Configuration: Round status
You can choose between the following statuses:
Active – Voting is displayed in the funnel step it’s set up in. Members who have permission to vote in this round can actively vote.
Locked - No new votes can be given by members in this round. Voting round information, like the results, will still be displayed in the funnel step.
Disabled – Voting round is no longer displayed in the funnel step. Results of the round are preserved and can still be exported.

Configuration: Only selected members can vote
If this setting is disabled, all members who have full activity access and access to the funnel step the voting round is added to can participate in voting.
If you enable this setting, you can select which member groups or individual members can vote in this round. Other members will not see this voting round in the funnel.

Configuration: Comments
If this is enabled, each voter can add one voting comment to each application they evaluate in this voting round. They can use it to explain their vote(s).

Configuration: Voting results
Choose whether and how much information your members can see about votes company applications received in this voting round. You can choose between the following options:
Hidden from members — hides votes from all members except for members who have full access to deal room settings.
Show only summary — depending on the results type configuration, allows members to see the average, sum or count of the votes each application received.
Anonymized, comments are visible — allows members to see individual voters’ votes and comments without voters’ names.
Everything is visible — allows them to see votes and voting comments with voters’ names.

Questions: Question
Add the question or criteria you want your members to vote for. To set up multi-question/multi-criteria voting, add more questions using the “Add question” button at the bottom of the dialogue.

Questions: Description
You can optionally add a description to each question. The question with the description is indicated by a small information icon next to it, clicking on the icon will open the description.

Questions: Impact on the final result (%)
Applicable only for voting rounds with multiple questions. This setting allows you to adjust the weight each question has on the overall vote result.

If Questions A and B both have answer options "1" and "2" with matching values while the impact of Question A on the final result is 100% and the impact of Question is 200% and there's only one voting member who votes "1" on Question A and "2" on Question B, then the final result of the voting round would be 1.67 (calculated as (1+2+2)/3). "2" is added and counted twice because Question B had double the weight of Question A.

Questions: Results type
You can choose for each voting question how the overall result is calculated for that question. The available types are:
Count — answer options the voters choose are counted. E.g. Yes: 8, No: 6 would mean that the application received 8 “Yes” votes and 6 “No” votes.
Average — values of votes the application receives are summed and divided by the number of votes.
Sum — values of votes the application receives are summed.
Different voting questions can have different results types.

Please note that this choice does not affect the overall average result that is calculated for a multi-question voting round. You can read here how the overall result for multi-question voting rounds is calculated.

Questions: Options
Add the answer options your voters can choose from when evaluating company applications to the “Text” column. You can set up any kind of textual answer options or create a numeric scale.
Values you assign to answer options (in the “Value” column) are used in the vote results calculation. For example, if the answer options are Yes (value 1) and No (value 0) and one of three voters votes “Yes” and two vote “No” on an application, the average result would be calculated as 0.33 for that application ((1+0+0)/3).

Don't forget to click "OK" and "Save" in the funnel setup after editing the voting round.

You can learn more about voting from this video.

Updated on: 09/02/2024

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