OK, now you see us differently we hope.
We are the same people generally we were for the last 5 years but we have more experience.
Over the last 5 years we have helped start more than 15 companies. They are all generally in the areas of clean tech, optical systems and novel materials. Nearly all of these companies have been able to complete their MVP or minimum viable product and they have sold the product to a few early customers. Some have gone on to make 2nd or 3rd generation products that are better and where improvements are based on customer feedback. Some have engaged in licensing deals or raised more money from new investors.
What is key? What is different?
We feel that our model of strong engagement with our companies, where we help them with technical, financial, sales, market decisions and not just listen and give advice at periodic board meetings is working.
We have closed some companies but in nearly every case the companies reached the MVP and revenue milestones but the revenue did not scale or grow as their plans thought it should. In these cases we could not justify additional funding to chase what was a failed plan.
This is what venture capital is about … testing technically based, scalable ideas. And accepting the decision of the market and customers.
We hope you will find this new site more open, empowering for you to share your ideas for businesses with us.
Maybe we can make magic together.