5. Investment Criteria
• High Growth Companies
• IT, Bio or Advanced Mfg/Materials
• Southwest Ohio
• Management talent and passion
• Capacity to get to an “A” round
9. Short & Long
Term
• Long Term - Companies,
Revenue, Employment
• Short Term - Process, Team,
Investments, Network of
Capital
10. Rigorous Process
• Start with the end in mind
• Deep dive due diligence
• Plan to get to “A” round
11. Built the Team
• 4 Executives in Residence
• 1 Investment Development Dir.
• 3 Investment Associates
• 1 Entrepreneur-in-Residence
12. Investments
• 5 Equity Investments of $1.0M
• Additional Investments of $5.0M
• 1st “A” Round of $15M
• Assisted in raising $8.0M for
other companies
15. Investor Connections
Current Future Rounds
Private Investors
and
Representing more than
$8 BILLION
in investment capital
16. Entrepreneurial
Ecosystem
State
Universities Support
Gov’t
Grassroots Angel
Network
Initiatives Funds
VC
Incubators Events
Funds
Adapted from Jack Wyant’s GCVA Keynote on the State of Venture Capital- Sept 21 2002
17. State
Gov’t
Third Frontier Program
Innovation & Commericialization
Edison Program
Program
SBDCs
Kentucky Enterprise Fund
166 Loan
Grants/Loans/Equity
Ohio Innovation Fund
High Tech Investment Pool
Technology Investment
SBIR Matching Funds
Tax Credit Program
18. Support
Entrepreneur Bootcamp
Angel Investor Bootcamp
Monday Mentoring
VaanGuard Mentoring Network
Breakfast Bytes Seminars
Regional Entrepreneur Forum
NKU Master Entrepreneur Program
NKU HS Challenge
NKU Chelgren Entrepreneur Speaker Series
UC Spirit of Enterprise Competition
SCORE
