We believe that any startup business on the verge of falling deserves second chance and therefore needs to consider ‘extreme transformation’. We help such startups to accomplish impossible and restart the company.
We work with companies with substantial business problems – beyond simply needing funds – that we are equipped to solve.
We can help companies whose key stakeholders are committed and open to us augmenting their team and taking an active leadership role.
We can help companies with products and technology that works. We can help companies with real customers and real potential. While we admire innovative ideas, we are not equipped to work with concept-stage companies.
We are looking for companies that help to solve a real problem in a way that will have a meaningful impact on how people do business and lead their lives.
We select companies for which we see realistic exit opportunities available within foreseeable future. And companies which have potential to run on longterm with sustainable business.
First step is a quick and deep due diligence review.
We will start by a deep dive into your company. We will review it’s strategy, tactics, target market and competition in order to get full 360 view of situation. We asses everything from top talent in the company, financials, current assets, technology, operational capability, patents, partners, customers, market fit, potential exit opportunities, or potential for long term sustainability of the business.
At the end of Phase 1 a detailed review with actionable plan is presented. Detailed analysis of possible outcomes, risks, opportunities and needed resources is all part of the plan.
Phase 1 takes from one-to-four weeks. There is a fixed and predetermined cost of this phase that is usually covered by current investors or by the company itself.
Phase 1 can be only the start of our common journey. However, we are selective, backing only those companies that meet our criteria and that are truly committed to change. Therefore our common journey could also end here. In any case you will get a comprehensive and objective external view, with clear and actionable plan.
Upon agreement with key stakeholders we proceed with execution of the plan. We will immediately augment your team and take an active leadership role.
We are able to bring on necessary talent in various areas, depending on the need of the company. We will bring in experts that can fix things up.
We will always hands on manage turnaround process and take leadership role over it.
In parallel we can help finding additional financial funds as needed and approach possible exit targets.
We work with the company, literally alongside the team, actively, every day.
Phase 2 stops when the Company is successful and can take anything from a couple of months to a year or more – depending on the project and status of your company.
We take our role as “interim cofounder” seriously! For our work in helping the company succeed, we ask for a meaningful amount of equity and a fixed flat fee to cover our expenses.
This stage usually starts at the close of next fundraise or exit. Upon successful completion of the process we will exit our roles of interim co-founders. Only at this stage we will receive majority of our compensation.