How We
Support Portfolio Companies
We help entrepreneurs build great success stories
by providing a broad range of support.
We Start with Experience
We are highly experienced in all phases of growing
a company -- from concept, seed, and through all growth phases,
private and public. We have worked with companies when the challenges
appeared almost insurmountable. In some cases, we have faced failure
and disappointment. In other situations, we have triumphed over
adversity. Everything we have learned makes us more capable of adding
value.
We have access to a wide network of contacts developed
through a century of combined working relationships in many areas
of expertise. Our Scientific Advisory Board is made up of world-class
academic and business researchers, with experience in start-ups
as well as major corporations. Our Limited Partners are also a rich
source of referrals to resources that may be helpful to portfolio
companies.
We are Dedicated
Our Principals are dedicated to the premise that
they will be proactive, and focused on a small number (maximum of
5-7) portfolio companies where we have a board seat or are a lead
investor. We will work closely with portfolio company management,
not to look over their shoulders as much as to support them in as
many ways as possible.
This focused dedication also means that we will
be very selective in our investments. Only those opportunities that
show the most promise, that target market opportunities with exception
growth potential, and that are led by visionary, determined entrepreneurial
teams can succeed. Those are the ones in which we will invest money
and resources.
We have a Global View
Our broad and diverse experience leads us to have
a comprehensive and global outlook on the prospects for growth of
our portfolio companies. Our awareness of the timing of different
opportunities around the world, and our ability to develop strategies
to optimize entry into new markets are valuable assets which we
share with the portfolio companies.
Today, the competition for everything is global
in scale - for people, capital, market share, and technology. No
country has a monopoly on any of these critical resources. Even
small, leading-edge technology companies in Silicon Valley cannot
afford to ignore the threats and opportunities of markets as large
as China, or as small as some European countries. We have access
to resources that can help our portfolio companies develop global
strategies that can win.
We are Strategically Focused
One approach to globalization, particularly for
small, fast-growing companies, is through strategic alliances with
foreign companies. We believe this is a critical element in the
growth plan of most companies that are poised for global leadership.
How should these relationships be structured and negotiated? What
kinds of partners will be most productive and harmonious? What mechanisms
can be designed so that the resulting alliance is truly win-win-win?
What processes will work best to build effective partnerships? Especially
in this area of strategic planning, our extensive experience is
a strong factor clearly differentiating us from other venture firms.
Other Intangibles
Paradoxically, some of the aspects of a relationship
that are most valuable are often intangible. For example, when the
young CEO of a portfolio company is faced with a critical decision
and a short timing fuse in which the decision must be made, he or
she will want to have immediate access and mind-share from his or
her board members and trusted advisors. Who will be available when
he or she calls for help? Young entrepreneurial teams start off
being incomplete. How can a technical team develop the necessary
business strategies when the team lacks critical skills and experience,
e.g., in marketing? When a young CEO is faced with what appears
to be a daunting mountain of challenges, who can he or she turn
to for honest, objective assessments? When the ego of a young CEO
or management team starts to feed itself with unreality, who is
going to be there to question their assumptions and establish a
foundation of realistic expectations? The key to success is always
balance, which is an on-going challenge. Sometimes we all need some
help from the outside to re-establish a productive, dynamic balance
for ourselves. Our experience, judgment and tenacious integrity
are all critical value elements that support our portfolio companies. |