Investment Criteria

Industries

• Information, Data, Media and Publishing
• Software as a Service (SaaS)
• Data Analytics
• Legal/Tax & Accounting/Healthcare/Medical Device

Revenues

• $500,000 to $5 million

EBITDA (Cash Flow)

• Positive cash flow desirable but not expected

Investment Size

• $100,000 to $750,000

Form of Investment

• Equity – common and/or convertible preferred stock
• Mezzanine – subordinated debt with warrants and participating preferred stock

Geography

• National, with a preference and focus on Minnesota companies

Other Criteria

• We do NOT INVEST in retail businesses, consumer products businesses, service businesses or franchise businesses
  

Exit/Liquidity Potential

• 3-5 years