We invest in early stage technology-driven companies with outstanding growth
prospects. We back entrepreneurs who seek to build major enterprises in
the Midwest. We are active investors who work hard to understand an entrepreneur's
goals, business plan and industry over the life of an investment. The basic
elements of our investment strategy are set forth below.
We invest in early stage opportunities where the prospect of building
a valuable company is compelling. Most investments we make are in companies
where an entrepreneur, an emerging technology and a promising market opportunity
are identifiable and consistent with the venture model. We will invest
in seed stage and start up companies.
We focus on markets where fundamental advances in software and communications
technology are creating the opportunity to build major
enterprises in the Midwest. While we actively pursue IT investments, we are also
drawn to sectors such as materials science and medical devices.
We often target companies developing
niche technologies where the potential to address broader markets
We look for partnerships as a critical source of leverage for the
which we invest. North Coast co-invests with other corporations and
capital firms whose experience and participation bring added value
We believe that geographic proximity is important in building close
relationships with entrepreneurs and their companies. By investing
companies in Indiana, Michigan, and Ohio, we can provide active,
assistance with strategy, business planning and recruitment.
We expect to invest between $500,000 and $4 million over the life
investment. Most of the investments North Coast makes are in the
preferred stock. An initial investment may be as little as $100,000
in a seed
stage or start up company. For opportunities with larger capital
we also have strong relationships with commercial bankers, non-traditional
financing sources and investment bankers throughout the Midwest.