-Single Investment: >$5 million

-High Risk

Start-up Ventures
Unproven Technologies
Unproven Management
Unproven Market Position

-Rare Rewards

3 in 10 are successes

-Long Term Returns

3-7 years of development
2-3 years of market acceptance

-Pooled Investment:$20-30MM

-Lower Risk

After Seed Money
Proven Technologies
Proven Management
Delineated Market Position

-High Rewards

2 in 3 are successes

-Short Term Returns

1-2 years to prove market and grow ventures
Divest