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How can FreshTracks assist me in my business venture?
FreshTracks provides venture capital financing to promising young companies with a focus on businesses with a significant presence in Vermont. However, we do invest outside of Vermont. Unlike many larger venture firms, angel groups, or individual investors, FreshTracks is very willing to meet with entrepreneurs early and often in the process of their venture, and we highly encourage Vermont entrepreneurs to contact us to discuss their business plan. Although FreshTracks funds very few of the businesses that we diligence, we always try to provide cogent advice to Vermont entrepreneurs and we facilitate introductions to other capital resources as necessary.
What is venture capital?
Venture capital is risk capital that supports promising young companies and innovative business ideas that cannot be financed by traditional bank financing. Venture capital takes many forms but is typically preferred equity stock or debt which is convertible into equity upon a subsequent event or milestone. For more information download Venture Capital 101:
What specific criteria does FreshTracks look for in potential companies to work with?
Our most important criteria are 1) depth and experience of the management team, 2) size and applicability of the market 3) defensiveness of the product and service offering 4) scalability of the business model. We are looking for companies that can scale their revenues and achieve profitability in 5 – 7 years. Our expected exit is through the sale of the portfolio company to an acquirer, however there are other possible methods of exit including recapitalizations and public offerings. If you would like more information on our evaluation criteria, please contact us through our contact form at http://freshtrackscap.wpengine.com/contact/ and we can provide you with a document that details our analysis.
Does FreshTracks sign Non Disclosure Agreements?
By policy FreshTracks commonly does not sign Non Disclosure Agreements, but we keep our conversations private and do not disclose proprietary information regarding the businesses we meet with.
Should I send FreshTracks Capital a complete business plan to start the application process?
We suggest that entrepreneurs send us a concise executive summary or power point presentation that provides an overview of the team, product/service, potential market, and the basics of the business model. After we review the material, we can schedule a meeting with the entrepreneur to discuss.
Where can I go for more information and resources about entrepreneurship and venture capital?