Investment Criteria

We invest almost exclusively in new ventures operating within the $2 trillion U.S. Healthcare industry.

• Medical technologies (e.g., diagnostics, devices, and equipment with unique clinical applications)
• Healthcare services (e.g., physician-partnered clinical services, consumer internet)
• Healthcare IT

Portal invests in early-stage healthcare ventures to build valuable, enduring companies. We evaluate the following criteria when considering potential investment opportunities:

• Product or Service. Innovative and compelling value proposition or potential breakthrough improvement in clinical outcomes, healthcare efficiency or access; clear regulatory and reimbursement pathways.
• Market and Customers. Large and/or rapidly growing market; playing into a technical or regulatory dislocation; promising evidence of customer adoption; efficient sales cycle or distribution channel; repeat purchasers.
• Proprietary Advantage. Defendable intellectual property or market position; competitive barriers high enough to build significant equity value if the product or service proves successful in the market.
• Business Model. Recurring revenue stream; substantial gross margins and operating leverage; attractive cash cycle; limited asset intensity.
• Deal Structure. Fair and simple; aligned incentives among all participants; efficient use of equity capital; attractive risk-return ratio.
• Exit Strategy. Well defined with multiple logical acquirers, both strategic and financial. Process

If you believe that your opportunity may be a good fit with our investment focus and criteria, then we are interested in learning more about it.

We evaluate every qualified opportunity that we receive, and will respond promptly with an indication of interest. If we determine that there is mutual interest, we will work with you to coordinate an introductory call followed by a meeting with one or more of our partners, if appropriate.

By necessity, we make few investments relative to the number of opportunities we review. We appreciate the value of your time and that a quick "No thanks" is often preferable to an element of indecision.

We appreciate that certain technical and customer information is sensitive, and are careful not to disclose information inappropriately. However, for both legal and practical reasons, we cannot sign non-disclosure agreements before you present your basic business overview.

If you have a question, or would like to request a consultation with one of our partners, please contact us, or call us today at 216-378-7688.