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We invest in great people who have identified
a compelling need in a sizeable market and have a credible plan
for addressing it, to build a lasting business.
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Great
People: We look for high integrity individuals with a
record of achievement, passionately committed to building a
cohesive team and an enduring business. |
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Compelling
Need: This may sound obvious, but apparently
is not. Many entrepreneurs overestimate the degree to which
their target customer needs their product, while underestimating
inertial drag and the applicability of substitutes. |
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Sizeable
Market: The true addressable market for your product
family needs to be several hundred million dollars or more.
Identify the source of greatest value in this market, and develop
a strategy for extracting it. |
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Credible
Plan: To be credible, your plan must be firmly rooted
in reality, address aggressive competitive activity, and reflect
a true understanding of the dynamics of your business. It must
also identify potential risks in your venture and build a convincing
case for overcoming the inevitable challenges ahead. |
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Lasting Business:
Building a business of lasting value takes commitment, intelligence,
focus and sometimes luck. Adaptability of management is also
important, for the venture may need to morph to succeed. |
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