2. Venture
Capital
v2
´ Strategic
Operating
Capital
´ Akin
to
PE
in
terms
of
post-‐investment
engagement
´ Fund
I:
$25M
to
fuel
8-‐12
ventures
´ Company
Builders
seeking
to
accelerate
growth,
value
appreciation,
and
exits
´ Focused:
´ Regional:
Wisconsin
´ Sector:
IT,
Health
Care,
Health
Care
IT
´ Stage:
Post-‐Angel
´ Driven
by
IRR
and
PME
2
4. Opportunity
´ WI
start-‐ups
are
under-‐developed
and
under-‐valued
´ Strong
talent
pool
and
research
engine
´ Not
enough
success
stories
to
date
´ Unnecessarily
modest
aspirations
´ Gap
in
the
ecosystem
4
7. Plan A2
´ A
customized,
complementary
execution
plan
and
team
´ Injects
company-‐building
knowhow
and
business
development
networks
into
the
mix
´ Acceleration
of
growth,
valuation,
and
exit
7
8. Exit Focused Portfolio
´ Shared
commitment
to
building
an
acquisition-‐worthy
company
´ 4-‐5
year
runway
´ Focus
on
PME
and
IRR
8
9. ´ Entity
priced
and
funded
at
Plan
A1.
´ Additional
value
created
via
Plan
A2
9
Networks
Funding
/
Plan
A1
Knowhow
Seeking
an
Unfair
Advantage
10. Recap
´ Not
a
traditional
VC
fund
´ We
are
Strategic
Operating
Capitalists
´ Provide
greater
choice
to
investors
and
entrepreneurs
´ Complement
Angels,
Badger
FoF,
and
VCs
´ Post-‐investment
engagement
model
´ Far
beyond
“smart
money”
´ Taps
into
resources
normally
beyond
reach
´ Fund
I
will
fuel
8-‐12
investments
´ Clear
opportunity
to
make
a
material
difference
in
WI
10
11. And
just
a
bit
more
…
´ Initial
Closing
´ WI
Act
255
Income
Tax
Credits
´ GP
Giveback
11