Makes EVP Different
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on Start -Ups:
Unlike most venture capitalists in Ireland, EVP focuses
on investing in start-up technology (ICT) companies.
EVP provides direct funding (up to €750,000) and
an unparalleled level of expertise
to help the promoters get to their end goal quicker.
All of the commentators in the enterprise arena in Ireland
agree that this type of support is what is required
to produce the successful companies of the future.
on a limited number of companies:
Our investment strategy is focused on the quality of
the company invested in. The substantial funds at the
disposal of VCs make it necessary for them to focus
on a small number of large deals to validate the process
and see adequate returns on their investments.
Our focused approach is based on successful seed investment
models in the US and allows us to put more time into
the companies in order to either reduce, or totally
eliminate the major risks facing the company.
Research carried out in Ireland among technology companies
less than four years old indicates that their biggest
challenge lies in developing a strong revenue stream
for the company. The reason for this is that their revenue
and business models are merely putative and haven't
been tested and validated early enough in the life of
the company. Three of the four partners in EVP have
considerable professional experience with their companies
either devising or executing new business development
strategies. This experience is backed by qualifications
in sales and marketing, with extensive experience of
sales in the US, UK and Far East.
Many start-ups have very little idea of the value of
their product in the market or the implications of the
very complex customer contracts they will be presented
with as they begin to meet sales success. EVP gets very
involved with the initial sales and the establishment
of strong contracts that provide a template for future
Establishing credible reference points is an essential
task for all ICT start-up companies and has a significant
impact on revenue generation, market validation, marketing,
and the ability to raise finance on reasonable terms.
many investors that get involved with start-ups, EVP
has both its own funds and access to other funds allowing
EVP to invest and follow the investment as the company
grows. Parallel to this asset is the expertise within
the company to raise finance and structure deals that
motivate the management and reward the investors. This
combination of skills and assets is unique in Ireland
and allows the promoters and management to focus on
growing the company and not be distracted by issues
related to raising finance.
The partners in EVP will also assist client companies
with their day to day finances, taking part in planning
and in negotiating with the banks. We are fortunate
to have both the expertise of dealing with the banks
and sound professional relationships with a pool of
loan executives who formerly held senior management
positions with Irish Banks.
EVP has extensive experience in creating Company structures
that maximise the reward investors and Promoters derive
from the intellectual Property of the Company through
intelligent and prudent tax structures and planning.
There are many obvious mistakes made by start-up companies
in the development of their products ranging from over
engineering their solution to lack of quality control
to building a great product with no market. The practical
experience and pool of technical expertise that EVP
brings to their client companies ensure that products
are developed with strong IPR, on time and to the needs
of a sufficiently large target market to justify the
companies existence. EVP also believes strongly in the
protection of IPR and assists start-ups in the creation
of strong patents.
Team and Company Structure:
The journey from developing a great idea to building
a strong company with a solid management team is a long
and arduous one for start-up entrepreneurs. From the
very beginning of our involvement with a business, EVP
work in the company and assist the promoters in building
management team. Allied to this, EVP will create a company
structure that ensures proper corporate governance of
operations and make it easier for the company to IPO
or be purchased at some stage in the future.
Apart from the structures and procedures that need to
be established, there will always be some crises that
emerge from the most unexpected of areas and at the
most unexpected time. EVP have a team of experienced
partners with non-competing expertise, who are always
available to assist the promoters get through, what
sometimes can be life or death scenarios.
and Motivation of Staff:
One of the biggest consumers of an entrepreneur's time
is recruitment, selection, remuneration and motivation
of staff. EVP will assist promoters with these aspects
of human resource management and will assist with the
implementation of a Share Option Scheme for employees.
'We are here to help you realise your