NJTC Venture Fund's Review Process
Overview of Review Process
  1. Review the initial business plan and assess fit with NJTC Venture Fund investment strategy
  2. Meet with the management team to ask questions and better understand the company or idea
  3. Work with the management team to identify the appropriate next steps and outline the due diligence process
  4. Sign a term sheet
  5. Invest in the business after completion of due diligence

Due Diligence

The due diligence process includes significant collaboration between the NJTC Venture Fund team and the prospective portfolio company. Common steps include:

  • Contacting customer, management, and industry references
  • Conducting industry and competitive research
  • Reviewing:
    • Organizational documents
    • Capitalization tables
    • Stock option plans
    • Financial statements
    • Financial projections
    • Marketing materials
    • Contracts
    • Sales pipelines
    • Intellectual property
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