Posted by Anonymous on 2010-04-22
We recently concluded a very competitive growth capital round of financing and selected IVP because we found them to be very straightforward in our interactions and incredibly knowledgable about our market and our competitors. In addition, our reference checks confirmed their reputation as roll-up-the-sleeves helpful late-stage partners. They told us they wanted to do a deal, and 8 days after we signed the term sheet, we had $25 million in our account. Yes, 8 days. No politics, no series of endless meetings with uninformed partners to convince – just warp speed on the financing so that we could continue on our most important priority: building our company. IVP was incredibly fast and hassle free, just as promised.
The other key reason we selected Dennis and IVP is because they are known for being supportive of their management teams, rather than heavy-handed or high maintenace. This was important to us and is not the reputation of some of other firms we met with, in particular at some of the most famous ones. IVP is known for backing management – for better, or for worse. They offer smart advice and quality introductions, but they also realize that it’s the entrepreneur who needs to build the company. Other firms we met with seemed more interested in telling us what they thought we should do, rather than how they could help us. Choosing IVP over others firms has proven to be a huge accelerant for us.PRIVATE: Members Only