Fast and Efficient Investment Process

We’ve built our team around the idea that we will provide meaningful value to each and every portfolio company.

To that end, we devote every person, every skill, and every advantage into making sure that each and every one of our portfolio companies succeed and it is clear to us that fundraising distracts a management team from building their business.  We typically have a very clear position on fit within a week of an initial meeting and, while we are thorough, we generally proceed from letter of intent to closed investment within 40 days.

Target Company Criteria

Market

Technology companies in markets that include software, Internet, new media, and technology-enabled business models.

Stage

Expansion stage companies that have solid growth and are achieving $500 thousand to $5 million in quarterly sales.

Geography

Companies that are located anywhere in the world and have a strategy of dominating the North American product markets.

Investment

Companies looking to raise $5 million to $15 million in growth capital.

How Our Process Works

Basic screen

We reach out to a company and their prior investors to conduct a basic screening process and see if there is a good fit between our companies. Inbound inquiries from companies and their investors or bankers are also welcome.

Initial call

To further test fit and make our first call as productive and efficient as possible, we research the company from various angles. Then an OpenView analyst makes a call to the CEO or CFO.

Follow up

If there still seems like a good fit, we generally have a follow-up call with a senior member of our investment team and determine if a face-to-face meeting is in order.

Confirm fit

We dive into more details to confirm that the company is a good fit with our objectives and investment profile, and if our firm is a good fit with their needs.

Basic facts exchanged

If a good fit has been confirmed, we exchange basic facts, conduct additional research and analysis and determine what an investment might look like.

Term sheet/letter of intent

If the investment outline looks right, we offer a term sheet/letter of intent and then work with the company and its shareholders to try to optimize the investment for all parties.

Due Diligence

Once we have a signed term sheet, we move into performing due diligence on the company. We spend 3-4 weeks performing product, customer, team, and company diligence, then 3-4 weeks performing accounting and legal diligence and getting legal documentation for the investment. We try to limit our diligence process and legal documentation to 40 days and, when time issues are present, we perform business, accounting, and legal work all at the same time.

Close

Once the legal documents are in order, all parties sign and we fund the investment.

OpenView in 60 Seconds

OpenView Venture Partners in 60 Seconds

At OpenView we target expansion stage technology companies that have solid growth, are achieving $2-$20 million in annual sales, and are interested in raising $5-$15 million in capital.

At A Glance

Fund

OpenView Venture Partners III, L.P.

$200 million

Total Assets Under Management

$440 million

Focus

Expansion stage

Companies that have solid growth, are achieving $2-$20 million in annual sales, and are interested in raising $5-$15 million in capital.

Sector

Technology

We target technology companies in markets that include software, Internet, new media, and technology-enabled business models.

Our Companies

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