significant return on investment within two to four years. Unlike most VC firms, we invest our own capital and will entertain opportunities whose exit valuations are relatively modest, typically in the $2-20M range. Certain ventures are incubated within our facility – typically ones that we co-found. These start-ups have access to shared resources including our team of Associates, CAD capabilities, a complete development and prototyping laboratory, and a patent attorney.

The most important aspects we consider include the potential impact of the innovation on quality of life or the environment, the strength of intellectual property, the ability to demonstrate proof-of-concept with a relatively low initial investment, the experience of the management team, market size and growth, regulatory and reimbursement hurdles, profit margins, and the potential for a successful exit by acquisition. During the evaluation process, we often engage prospective exit partners in preliminary discussions about the potential value of the innovation, and their appetite for acquiring the entity should it prove to be viable. By doing so, we significantly reduce overall risk and help each venture focus on meeting the most important milestones that drive value and enable a rewarding and timely exit.