SynerStone™ Milestone Management
Milestone funding (aka tranche funding) is an important part of a large venture-portfolio strategy. This is because since more teams are used, the overall experience level is a lower percentage than when the experience is focused an a small number of expert teams, milestone funding helps with guidance and keeps execution in check.
Additionally it helps with VenturePipelining™ where the focus is on validation, execution, and finding customers, instead of venture-ancillary tasks / costs. This is because well-designed milestones help focus on the right things. Milestone funding however has traditionally not been without it's challenges.
SynerStone™ Milestone Management addresses all of the challenges normally found in milestone funding:
- Better Milestones
- execution-based milestones at the beginning, performance-based as things mature
- ensures things are done in a best-practices order and method
- Better definitions, as most milestone failure experiences are attributed to poor milestone definition
- Execution against milestones are measured through SynerStone™, not through the investment group
- Weekly (or as needed) milestone meetings with the venture team, investors given full weekly report by SynerStone™
- Keep investor relationship with the venture professional and measured
- Allows venture team to focus on execution & performance, not on educating and explaining technical challenges to concerned investors (as we take on that role instead)
- Experienced Entrepreneurs at SynerStone™ provide early identification of trouble points and possible pivots.
- Investors can provide shadow leadership through us that is more inviting than the heavy handedness of a financier
- Experienced Venture Teams working with us as fellow entrepreneurs mitigates any shame they might otherwise feel being put upon by having a Milestone funding arrangement in place. We're there in a earned position to help them with milestone management ... not as a non-technical investor to micromanage or distrust.
- Insitu arbitration provided as needed.