At Priority Holdings, we invest in private companies at any stage of
development or funding, but our focus is on early-stage companies. In
approximately two-thirds of our deals we are the first venture money in the
deal. Our investment size depends on the stage of the company and the total
amount raised, but we are generally the lead investor and look to own a sizeable
piece of the company post-financing (20% is our minimum). We typically invest $2
- 5 million in early-stage deals (but we are willing to make smaller seed-stage
investments) and as much as $15 million or more in later stage deals.
We
focus primarily on communications, infrastructure software, consumer products
and services (all technology related, however), enterprise software and
services. We do not fund competitors of our existing portfolio companies.
Geographically, 15% of our investments are in California, 20% are outside
California but West of Colorado, and 65% are in the New York, Washington D.C.,
and Boston areas.
We are looking for entrepreneurs with both domain
expertise in the category they are pursuing, as well as a track record of
success building or managing a business.
We are looking for large
opportunities that can be built into stand-alone, lasting companies. We'd like
to see proof that there is a large, addressable market, a quantifiable value
proposition for the customer, a well-thought-out business model, a path to
profitability, and some idea of how you will achieve market leadership and a
sustainable advantage.
How to Submit a Plan
The best way to submit
a plan is through a personal connection -- someone who can introduce you to
someone on our investment team and who can recommend you personally. But, if
that is not possible for you, we also review every plan that comes to us through
email. To bring a plan to our attention, please submit a short executive summary
to newplan.
Someone on the investment team will review the summary, and if it is something
that we would like to pursue further, we will be in touch with you.
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