Company Selection Criteria
The Florida Venture Forum is Florida’s premier organization focused on assisting entrepreneurs as they develop and grow their businesses and raise capital in support of these activities. Please find below the Selection Criteria for presenting company candidates for the 2017 Florida Early Stage Capital Conference:
- Company Industry and Stage: The Florida Venture Forum (“Forum”) seeks Florida-based companies representing an array of industries that are entering or have reached, at a minimum, the commercialization phase. This phase of a company’s development cycle is typically characterized by the transformation of a technology and/or business model into a viable commercial business enterprise as demonstrated via market traction (i.e. pilot testing with target customers / nominal revenue). Investment funding at this stage is generally sought to finance, amongst others, team expansion, further product development, working capital, and sales and marketing initiatives. The Forum recognizes that the development cycle for life science firms may differ and traction may be exhibited via other milestones, such as progression with the regulatory process. Thus, consideration as it relates to stage, will be afforded to companies within this market.
- Management: Companies should have fully committed leadership whose primary focus is upon the development and growth of the business venture.
- Business Planning: Companies should have completed the business planning process and have documents available for review by potential investors that fully describe, at a minimum, the following aspects of the venture: the market and associated value-proposition, competitive landscape, relevant management credentials and experience, financial pro-formas, and historical capitalization (as applicable).
- Equity Investment: The company should be ready for outside equity capital investment to further the development of the business venture. Development should have progressed to the point that potential investors can conduct reasonable due diligence and evaluate the investment opportunity. Typically, companies at this stage of commercialization are seeking between $500,000 and $2,000,000 in a “Series A” investment round.