Process
Dependences for Selecting and Investment
Adroit Capital encourages entrepreneurs and their advisors to contact us with investment proposals. A detailed business plan is most helpful, but a brief, well-conceived description of the company or the underlying concept will often enable us to determine our level of interest. We try our best to respond to investment proposals within three weeks of receipt.
If our initial evaluation is favorable, we will start to assess the proposal based on our investment criteria. This can take as little as a few weeks or as much as several months, depending on the quality of information available. This process is a rigorous one, aimed at gaining a detailed understanding of the company's intellectual property, competitive landscape, capital structure, and management team. We are most interested in making a thorough assessment of the key "value-changing" technical or commercial milestones that the company must attain in order to attract future financing and ensure eventual liquidity for investors.
In addition, the process of selecting an investment includes evaluating the company at both a macro and micro level. This includes, but not limited to, completion of a comprehensive questionnaire, background checks on the company's managers and key personnel, on-site visits, interviews with each prospective key personnel, reviews relevant offering documents, researches performances and review each operational infrastructure.
For those deals that are ultimately funded, the due diligence process becomes a sort of mutual courtship. The process not only informs us about the prospective portfolio company, but also tells the portfolio company who we are and what kind of partners we strive to be. We believe you will find Adroit Capital committed to the goal of adding value to our portfolio companies through partnership-style relationships.