Money Buzz 08/05
New access to VC funding, foreign real estate and more
By Jennifer Pellet •
Opinions expressed by Entrepreneur contributors are their own.
Need to get a foot in the funding door? A new screening systemby The Venture Alliance in Newport Beach, California, aims to helpearly stage and pre-IPO companies gain access to VCs, angelinvestors and investment banks by scoring their"fundability."
TVA employs a proprietary point system that scores companies onkey measurements, such as market opportunity, corporate structure,and management and ownership. Companies with strong scores arepassed on to TVA funding partners, who perform their own duediligence to make funding decisions. "Out of the 34 companiesthat scored 1,000 or more points last year, 17 were funded, for atotal of $76 million," says founder and CEO Jim Casparie, whoreports that fees for the application process range from $1,000 to$2,500.
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