Investment Interests

Osprey Ventures achieves superior financial returns in expansion stage venture capital due to:

• focuses on several specific investment sectors: (software, digital media, semiconductor, and communications). Osprey has picked these sectors because the firm's investment team (along with its Industry Expert Investors, and Venture Partners) possesses a broad domain expertise that quickly allows the Osprey deal team to analyze the critical issues behind an investment.
• leverages the financing and operating skills of the firm's investment team.
• leverages the expertise of the Osprey management organization.
• leverages the resources of the Managing Directors, their network, and that of the Industry Expert Investors, Advisory Board, and Venture Partners.

To optimize its proprietary deal sourcing capabilities, due diligence skills, and value creation techniques, Osprey has focused on technology companies primarily in the expansion-stage of commercial development.

The Fund invests in expansion-stage companies and provides active, hands-on assistance to the management teams in the operational growth of the business. The Fund invests in expansion-stage companies and provides active, focused consultation to the management team's rapid value creation.

Expansion stage companies have been a promising area for Osprey's investment because many of growth-stage risks have been reduced and to identify potential market-leading companies with a much greater level of confidence. The expected return multiple for a typical expansion-stage investment is lower than at the early-stage, but the holding period for the investment is shorter and the risk of losing the investment is dramatically lower.

Our expansion-stage investments have generated returns for investors that may lag behind those for early-stage investments in their very best years but offer investors a degree of predictability in our portfolio returns.

There are a large number of target expansion-stage companies in the Fund's target technology sectors. The financings are competitive, but generally have received less focus from the traditional venture capital community, and the historical and current returns from this investment stage have been very attractive.

In summary, the Fund believes that our investment strategy provides a compelling investment philosophy. Our Industry Expert Investors and Venture Partners provide proprietary deal flow, insight, market and technology validation and operating experience in our expansion stage investments.