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Prism strives to provide prompt and effective feedback within 5
business days. We utilize a 5-step evaluation process for each opportunity
submitted:
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A. Receipt of a two to four
page executive summary or a full financing plan. At a minimum,
the summary or plan should include: |
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(1) |
a summary of the Company's products
and/or services; |
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(2) |
3 years historical balance sheet, income
statement and cash flow; |
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(3) |
summary biographies for the key members
of the management team; |
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(4) |
Proposed transaction structure; including
the amount sought, uses of funds and capital structure. |
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B. Initial review of the summary
and financials. |
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C. Communication of a decision
to proceed, to defer or to pass. |
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D. In the event that a decision
is made to proceed, a request for additional information, including
ownership structure, detailed historical and projected financials,
Company history and full resumes of key personnel. At this stage,
we also typically provide a list of specific questions to management. |
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E. A face-to-face meeting with
the management of the Company. |
If there is mutual interest in proceeding, Prism
will expediently issue a proposal letter, perform due diligence,
and based on further due diligence issues, move toward final documentation
and closing.
Prism recommends that companies contact us early
in their fundraising process, as we can be of significant assistance
in bringing other sources of capital to the table in the event that
we choose to lead a transaction.
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