The Selection Process

PVG, as a corporate strategic investor makes minority investments (<10% ownership). We require an acceptable term sheet from another leading venture capital firm. Our investments are typically in the range of $1 million to $3 million in startups with proven technologies that are usually at post-A rounds of funding. Since the venture group's goal is to identify promising venture-backed companies with compelling technologies and to champion strong partnerships between these companies and Panasonic, we are required to identify a unit inside of Panasonic that will commit to collaborate with the investee company before we can invest. Although our investment process may be more demanding than with other investors, once we invest, we will already have a visable path to delivering strategic value to the startup.