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| Investment Philosophy We wish to invest principally in financial service related companies.
The companies that most attract our attention are those that have existing businesses that
are looking to dynamically change those businesses through the use of e-commerce tools. We
are interested in the full spectrum of companies and technologies that are required to
offer financial services. This includes the front-end technology associated with web
sites as well as all of the back-end technology associated with delivering the
service. The following are areas related to the delivery of financial services we
have researched and find compelling:
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| Financial Service Interests |
- Insurance Sales (Not just quotes) - Auto, Homeowners,
Life and Health
- Loans - Auto, Homeowners, and Mortgages
- Stock Trading - Brokerage, Trade Clearing, Data Feeds,
and Information Services
- Online Banking Services
- Bill Payment and Bill Presentment
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Quite frankly, we have never been able to anticipate
what will excite our interest. We are opportunists with very open minds. We are willing to
make initial investments ranging from $250,000 to $3 million. We will continue to support
our portfolio companies as they progress with a maximum commitment of $10 million. We have
no pressure to exit an investment in any fixed time frame.
Geographic Focus
United States, with special attention to the "other Silicon Valleys" such
as: Austin, Atlanta, Boston, New York and Raleigh-Durham. We are not limited
geographically and are willing to travel.
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