First Impression (7 Days)
Pre-Screen Meeting (7 Days)
Preliminary Investor Interest (5 Days)
Entrepreneur Presentation (1-31 Days)
Due Diligence Team Formed (7 Days)
Due Diligence Review (30 Days)
Investment Decision (30 Days)
Initial documentation submission:
- Executive Summary (as directed in the ProSeeder platform)
- Business Plan
- Investor Power Point Presentation (please follow our template).
- A three minute video in the ProSeeder platform
- Other information which you may deem relevant to our review, such as media coverage, testimonials, and independent reports.
Presuming you have made a positive first impression, you will be invited to a Pre-Screen meeting. This Pre-Screen meeting consists of a 20 minute Q&A period.
Preliminary Investor Interest
After the Pre-Screen meeting, our investment committee will vote as to whether or not you advance forward to the monthly Entrepreneur Presentation meeting. A “yes” vote will result in your invitation to present at our monthly member meeting, and indicates that we believe there are possible merits to the investment opportunity presented.
A “no” vote indicates that sufficient interest does not exist within our group, and you will be provided rationale as to how the group came to its determination.
A “maybe” vote indicates that our group has sufficient interest in the opportunity presented; however, collectively we believe the opportunity presented requires further significant clarification. To help foster capital formation, a “maybe” vote provides various options to assist you to further quantify the business/investment opportunity.
An entrepreneur will receive an invitation to attend a specified monthly meeting. At this meeting, the entrepreneur will give a 20 minute presentation, followed by a 15 minute Q&A session.
The determination to form a due diligence team is again subject to a “yes”, “no”, or “maybe” vote as indicated under Preliminary Investor Interest above.
Due Diligence Team Formed
The presenting entrepreneur will be presented with our decision. For a “yes” vote, a due diligence team will be formed, consisting of a due diligence lead and a number of team members that have expressed a high degree of potential investor interest.
Due Diligence Review
Due diligence is conducted under a formal process with individual team members responsible for quantifying various aspects of the proposed investment opportunity. During the due diligence process, the entrepreneur will be asked to occasionally meet with the team, and possibly with individual as well as various team members. This is a thorough process, the outcome of which is a due diligence report. After review by the entrepreneur, and discussions to clarify any misunderstandings or misstatements, the final due diligence report is delivered to our members.
Once the final due diligence report is complete, a decision will be made as to whether the due diligence team deems an investment appropriate. The due diligence team shall then solicit additional interest from other members of our group, potentially seek syndication partners, negotiate the term sheet, and schedule a closing. In situations where the ultimate decision to invest is a “No,” we will communicate that response promptly, again with specific reasons for our decision. Right, wrong, or indifferent, a “No” response just happens to be how we collectively view and assess the investment opportunity at the present time and considering all the facts at our disposal.