Venture Bridge, L.P.
Venture Bridge, L.P. makes short-term bridge loans to early-stage, emerging growth companies in the Internet, technology and telecommunications sectors. The Fund's managers created the Fund to capitalize on the significant growth in the number of emerging growth companies and the limited availability of bridge financing for these companies. The Managers believe that through careful structuring and a disciplined approach, the Fund can be instrumental in assisting entrepreneurs and young companies in achieving their goals.
Fund Strategy
Cultivate Early-Stage, High Growth
Companies.
The Managers of the Fund believe that there is an increasing need to help early-stage companies bridge the period between seed funding (i.e. friends and family or angel investors) and the close of first or second round of equity funding (i.e. venture capital or institutional investors). Bridge capital may be needed to cover expenses during negotiations with an equity investor, add additional management, and complete the development of a company's business plan that might contribute to higher valuations in later rounds of financing.
Capitalize on a Growing Number of Exit
Strategies.
The Manager expects that the primary "takeout" or refinancing source for the Bridge Investments will be a sale or second round equity funding from venture capital firms.
Adhere to a Disciplined and Balanced
Portfolio Approach.
In an attempt to balance the portfolio risk profile, the Fund invests in a portfolio of bridge transactions of typically $100,000 to $500,000. While the Managers focus on early-stage investments in the Internet, technology and telecommunications sectors, occasionally the Fund invests in later round financings. The Fund may also participate with other investors in larger bridge loans.
Structure Investments to Maximize
Liquidity.
The Fund makes short-term Bridge Investments earning monthly interest for terms of between 90 to 180 days. On a "deal-by-deal" basis, the Fund will secure the Investments with collateral that may include intangibles such as trademarks, Uniform Resource Locators ("URLs"), patents, physical assets, and/or in certain limited situations, personal guarantees. Moreover, the Managers structure the investments with return enhancements such as equity "kickers" or warrants. As a result, the Fund has a portfolio of equities in emerging growth companies.
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Philosophy 
