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Typically, our involvement with your venture
begins with an evaluation of your business plan. This should be
a living document that lays out the blueprint for your company's
direction and contains, at minimum:
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A description of
the market need; size, growth and scope of the opportunity |
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An explanation
of your company's products and/or services, and their underlying
technology |
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A description of
your target customer and how you make money |
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An analysis of
the competition and how your solution is differentiated |
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A set of current
financial statements and projections, including funding history
and needs |
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The company's business
strategy for achieving its projections |
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Resumes of key
management |
If your venture meets our initial criteria, we
meet with company management to better understand the business opportunity,
products, technology and operating plans. We aim also to understand
management's motivations and capabilities. We perform the bulk of
the due diligence ourselves, though we may bring in outside experts
to provide relevant perspective.
Each investment decision is made collectively.
The time between initial discussions and final decision can vary
from a couple of weeks to several months depending on the stage,
nature and complexity of the venture.
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