wisc wi preso june 2015 dg (1)
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Strategic Operating Capital
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
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Who are we? 3
Wisconsin Roots
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
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Solution
´ Strategic Operating Capital
´ Plan A2 ´ Exit focused portfolio selections
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Strategic Operating Capital 6
Knowhow
Funding Networks
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
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Exit Focused Portfolio
´ Shared commitment to building an acquisition-‐worthy company
´ 4-‐5 year runway
´ Focus on PME and IRR
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´ Entity priced and funded at Plan A1. ´ Additional value created via Plan A2
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Networks
Funding / Plan A1
Knowhow
Seeking an Unfair Advantage
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
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And just a bit more …
´ Initial Closing ´ WI Act 255 Income Tax Credits
´ GP Giveback
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