Basis State only earns if we perform. It’s important that we operate companies that will succeed with our approach. Some of the attributes we prefer:
Under $5M Invested
To get to an outcome that makes everyone happy, expectations need to be inline with outcomes we can generate. A lot of capital invested usually means a high bar for a successful outcome.
$100K-$2M Annual Revenue
Below $100K and we have a hard time funding operations. Above $2M we think you might be better off pursuing strategic options directly.
The buyers in our network are interested mainly in technology. Our conversations are normally around technology and how it could benefit an acquirer, as opposed to new revenue or customers.