Once the investment decision has been made, the funder is left with two key matters to execute: (i) due diligence and (ii) establishing and documenting the terms of the investment. There are open source checklists for due diligence and standard forms for investment negotiation and documentation posted publicly by major firms and the NVCA that illuminate both matters. Even with such resources, several key questions remain for the funder.
Who
The funder needs the assurance that these key matters will be executed with the requisite skill, experience and talent. Many people rely on a firm’s brand as a surrogate for quality. Avenir tightens the focus considerably. We determine the best professionals to get the job done in terms of quality, availability and cost, regardless of their firm affiliation.
Cost
Avenir provides fixed fees for negotiating and documenting the financing. We also provide a sliding scale for performing due diligence based on the “age” of the issuer and the number of agreements, patents, copyrights and trademarks to be reviewed.
Timing and deliverables
Avenir employs project plans to inform team members and clients about what is due and when. We also provide clients with a 24/7 view of their project’s progress.
