| BCVF conducts a preliminary analysis of a company by reviewing the business
plan to determine the investment's potential for financial and social returns.
We may conduct initial research into the market potential and may also meet with
the entrepreneur or management team. While we do not impose a strict set of criteria,
we do look for strong management talent, a clear competitive advantage, strong
growth potential, and a social return to the community. We also typically invest
in companies with revenue history.
If we have an interest based on the initial review, we undergo a longer due
diligence process where we look closely at the details of the business and its
management team. Based on a positive outcome, we then negotiate the terms of
the investment and if needed, find co-investors. Depending on the investment,
we may have earlier conversations on deal structure and syndication needs. The
typical time from initial introduction to closing on the funding is four to six
months.
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