Company Performance Metrics
Cal Simmons: Partner
Mark Joseph: Partner
We are not unicorn hunters and we don't care if your market size is $1 Billion, or $1 Trillion.
However, we are very disciplined seed-stage investors that have been in your shoes as founders, and will move very fast for the right companies. If we invest, we'll add as much value as possible and be there with you every step of the way.
We only invest in B2B software companies and have a special affinity for companies in the mid-atlantic region. Here are the main quantifiable metrics we're looking for:
• Valuations ranging from $3 million to $12 million • $400,000 ARR - $3 million ARR (annual run rate) • Previously raised less than ~$2 million • Net burn rate less than $100,000 a month • Growing at least 80% year-over-year • Gross churn rates under 4% per year and positive net churn • Aiming for $50 million - $150 million exits
