Our Approach
We are the anti-VC: we invest in venture deals but we’re not traditional venture capitalists. We like SaaS, marketplaces, and eCommerce. We move fast. We get to a quick “no” in a few days or a firm commitment in three to four weeks. We can invest in traditional growth rounds, but also look at inside rounds, small rounds bigger VC wont bother with, out-of-favor industries, 'tweeners', down rounds, re-caps and special situations. We’ve got portfolio companies on the coasts, in the Midwest and the South. We can also look at international opportunities. Email our Managing Partner any time: sammy@blossomstreetventures.com.
BSV vs. Traditional VC
We call ourselves The Anti-VC. And for good reason. Take a look at how we’re different, through and through.
Blossom Street Ventures
Typical VC
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Time to a firm commitment
3 to 4 weeks
Months
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Time to a “no”
3 to 4 days
Months
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Deal type
High growth & special situations
High growth only
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Sourcing
Email us cold at sammy@
blossomstreetventures.com You must find contact through network
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Investment Structure
Plain vanilla preferred stock
Favors the investor
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Board Structure
Founder controlled
Investor controlled
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Geography
US and Canada
SF, NYC, Boston
Our 4-Week Process
If you want to explore partnering with us, this is how the next few weeks will look:
Week 1
Founders supply the data. We’ll deliver a term sheet if you need us to lead, or agree to follow another lead.
Week 2
We go to our board for initial approval. This meeting is the hardest.
Week 3
After a green light from the board, we come out to meet the founders, employees, and spend time getting to know the business at your office.
Week 4
We have a final board meeting at which we make a full commitment. The second meeting is simply to supplement and confirm findings and thesis from the first meeting. Out of 15+ final meetings, we’ve only lost one deal in the final meeting.
Deal Structures
We invest $1mm per opportunity, generally as plain-vanilla preferred stock that follows National Venture Capital Association guidelines and best practices. Our deals are structured differently: you won’t see redemption rights, dividends, participating preferred, claw-backs and other gotcha’s. The three or five member board we move forward with is always founder controlled. A typical board format is two founders, two investors, and one independent selected by founders. Overall, we pride ourselves on founder-friendly, transparent term sheets which also streamline the legal process.