Edward Lassiter, CEO of a fledgling technology start-up, which is 12 weeks away from exhausting its initial $ 500,000 angel fund is considering offers from three venture capital firms. Two of the companies are traditional venture capital funds, while the third, Tall Oaks Capital, is tied to a national venture capital organization called Village Ventures. Intrigued by the unusual relationship between Tall Oaks and Village Ventures, Lassiter asks whether the two organizations, in tandem, would be abl … Read more »

Edward Lassiter, CEO of a fledgling technology start-up, which is 12 weeks away from exhausting its initial $ 500,000 angel fund is considering offers from three venture capital firms. Two of the companies are traditional venture capital funds, while the third, Tall Oaks Capital, is tied to a national venture capital organization called Village Ventures. Intrigued by the unusual relationship between Tall Oaks and Village Ventures, Lassiter asks whether the two organizations, in tandem, would be able to offer his company more in the way of logistical support and know-how, as in addition to their financial investment, would the two conventional businesses. Lassiter ponders the three companies’ term sheets, knowing that he would make a decision in the next two days.
This is a Darden case study.
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from
John W. Glynn Jr.,
Charles Spiggle
Source: Darden School of Business
22 pages.
Publication Date: Aug 14, 2001. Prod #: UV0468-PDF-ENG
Village Ventures HBR case solution