Triathlon uses a proven four-step evaluation process
to select investment opportunities where our involvement
can greatly impact the company s success and
generate greater returns for our investors.
The Triathlon Partner Team screens all proposals
and plans to pinpoint those technologies and companies
most likely to play critical roles in advancing human
The most promising companies are invited to meet
with us. The Team evaluates the vision, facts and
data of each prospect s presentation.
Due Diligence Phase
At this stage the Team begins an in-depth evaluation
of the technology, market, and the management team.
The goal of this process is not just to gather and
analyze facts and data, but to verify and refine the
business vision and define the requirements and milestones
necessary for achieving it. This due diligence process
involves strong participation by the entire Triathlon
team, as well as outside experts.
A decision to invest will requires syndication. It
is anticipated that Triathlon will lead most early
stage company financings in which it participates
and will follow in some of our expansion stage investments.
In either instance, the syndication should be broad
and strong enough to lead the company through anticipated
future equity financing requirements. As part of the
initial investment in an early stage company, whether
led by Triathlon or not, Triathlon generally will
require a seat on the Board of Directors to insure
close oversight of the business and to assist the
portfolio. In later stage financings Triathlon will
assume a board seat or, at a minimum, become a board