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Mon, Feb 6, 2017
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Investment Process

 
We have detailed processes in place to identify high-potential investment opportunities.  We receive over 300 applications annually.  Only the top 20 are presented to members and we have historically invested in 5-10 per year.

As a member-sponsored organization, the key aspects of our deal evaluation and investment processes are managed by member-run committees:
  • Deal Flow Committee
  • Screening Committee
  • Due Diligence Committee
  • Growth and Transaction Committee
Additionally, members can increase their involvement by taking on board positions in portfolio companies and deal negotiation roles.  This structure allows members to be as active, or passive, in the evaluation and management process as they desire.

Application
  • The process begins with the entrepreneur applying in ProSeeder, our online deal management system
  • The Deal Flow Committee reviews applications and reviews promising companies to present before the Screening Committee

Screening

  • Approved companies pitch to the Screening Committee – a subset of our membership – at a monthly Screening Meeting
  • Following a 20 minute presentation and 15 minute Q&A, the committee may approve the company to present at the monthly Member Meeting.

Member Meeting

  • All members are invited to attend the monthly Member Meetings where only the most promising opportunities are presented
  • Entrepreneurs get 20 minutes pitch their investment opportunity, 15 minutes to answer questions, and the membership votes to express their level of interest in the opportunity.

Due Diligence

  • If an opportunity garners enough membership interest, the deal is moved to due diligence. 
  • The Due Diligence Committee follows NVCA best practices and will spend several weeks meeting with the management team and vetting the opportunity in a detailed due diligence process

Negotiation and Closing

  • Assuming the results of the due diligence are favorable, we then move to negotiating term sheet.
  • If a mutually agreeable term sheet is negotiated, we move to closing the deal.
  • We form a separate LP for each investment which will be managed by BlueTree Capital Group to minimize work for investors.

Management

  • The deal management process is hands-off for most investors
  • A monitor is assigned to each company and a BlueTree member may be assigned to the Board of Directors.  The monitor is assigned with tracking the progress of the company and providing assistance as necessary.
  • The Growth and Transaction Committee meets monthly to discuss the status of each portfolio company, and collaborates with portfolio companies to help them reach their full potential.
 

Partners
B2BCFO, Denny Kennedy
Buchanan Ingersoll & Rooney PC
CIE @ CMU
Clark Hill
Duquesne University
Erie Technology Incubator
J.L.Nick Associates, Inc
KPMG
Mitsubishi Electric Power Products, Inc.
Penn State Behrend: Black School of Business
Pepper Hamilton LLP
Pittsburgh Life Sciences Greenhouse
Pittsburgh Tech Council
Reed Smith
TJ&S
Truefit
University of Pittsburgh
©2017 BlueTree Allied Angels