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| Evaluation Process We invest in people first and ideas second. We look for people who have the
extraordinary will and the superior ability to build a business. To begin the evaluation
process we need an Executive Summary that briefly describes three areas: |
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- The management team and why their
experience and skills will make your company great.
- Your product or service and how it
fits into a particular market sector.
- High level numbers showing revenue
expectations, profitability projections, capital needs, market share and company valuation
estimates. A three year overview works best.
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After our initial assessment and a
decision to pursue a venture, we do the following:
- We assess the management team as
individuals and as a team. We check references.
- We assess the competitive advantage of
the product or service and its long-term ability to hold competitors at bay.
- We evaluate the market, calling upon
industry experts and potential customers to help us assess chances of success for the
proposed product or service.
- We assess the business model and
determine if it is consistent with the character of the product or service and the
marketplace.
- We discuss our findings and our ideas
with the entrepreneurs to endeavor to form an agreed upon plan.
- We propose terms that meet the
agreed upon needs of the company.
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