3. Various Investment Classes for Investors Perceived Investment Risk Seed Capital Venture Capital Equity - Early Mezzanine Capital Private High Yield Leveraged Bank Debt Venture Capital Equity - Late Buyout & Later Stage Equity 10.0% 20.0% 30.0% 40.0% 50.0% Target Annual Return on Investment 1.0x 2.0x 2.5x 5.0x 10.0x Multiple of Investment
4.
5.
6.
7. Proposal Pyramid 1000 proposals received in the year 100 get beyond first read 10-15 investigated in depth 2-5 get funded Bottomline : It is very, very difficult for most companies to receive venture capital financing.