Venture Capital Investment
BrianDunning.com's Thunderwood-B Investment Fund is set aside
for companies with innovative products and services in the FileMaker
Companies can be at any stage, so long as their primary product,
service, or technology is complementary to, or dependent upon,
FileMaker. We're looking for companies with differentiated products
or services, and capital efficient business models. Thunderwood-B
will make investments in to $50,000 to $500,000 range.
As of September 2007, Thunderwood-B has been fully invested and is closed to new applicants.
Successful applications will include:
- Top management teams. This is 60% about the team, and 40% about
the product. We're looking for proven business success, not years
of technical experience.
- Thorough financial statements and supportable proformas. Break
down how the funds are to be used.
- Sustainable competitive advantage.
- Realistic exit strategy.
Please read this PDF document, as
it provides a good overview of what we're looking for, and what
you should expect when contacting us.
Initial inquiries should include an executive summary. Please
do not make initial inquiries by telephone, or make unsolicited
submissions of complete business plans.
Executive summaries should be no more than a page or two and should
summarize a complete business plan. This is a partial list of what
your executive summary should include:
- The management team that will be dedicated full-time to the
project: proven successful businesspeople, not just guys with
years of technical experience. Your best foot forward is your
CEO (even if he will not join the company until after an investment
is made), who is (ideally) someone who has successfully taken
a company through a liquidity event before.
- Financial performance to date, summarized proformas, and specific
usage of funds.
- Existing customers, market description, probable exit strategies.
Don't just assume that an IPO is realistic: if it is (it's probably
not), then there are also more likely M&A scenarios.
- A description of the product or service, and why it has a sustainable
competitive advantage. What's uniquely valuable about it that
frustrates competition and intrigues investors?
- Remember: the LESS money it takes to get you to your goal,
the more attractive your presentation becomes.
Just as a note: because of the nature of the venture capital business,
prospective investors will
never (can never) sign an NDA, so don't ask. :)