We like business that are fixing a problem that requires to be solved, companies that have an MVP, and we truly like Person Kawasaki's additional V because acronym which is "Minimum Viable Valuable Product." Not always. We'll look at companies that are either pre-revenue or have a little bit of profits.
I point out that as we most likely contend more versus angel financiers instead of other VC companies, just since of the danger level of investments that we attempt to take. Read More Here 're not too worried about that. We have an excellent group behind us to assist the startup. Undoubtedly, we love creators that have a little experience, however we're more thinking about the vision, the concept, the item, and the capacity of the group.
Having a really skilled creator isn't too essential to us because we can offer that mentorship, although we do value it. That's a great question because it honestly shocked me to discover out that there is a lot more money out there than there is quality offers. My function in the business is to convince start-ups to opt for us rather then other financiers, and the greatest reason I offer is that we have actually existed; we've done it.
We're looking for companies with which we'll actively get involved on the board to assist them scale up. Our founder happens to own an IPO planning company and is incredibly experienced with M&A, so we can add a big quantity of value both at an early phase and through the high-risk stage, but we can likewise change down the road, depending on what the creator wishes to do.