Structure

From various starting points, Criterion Ventures constructs the model and capacities required to achieve the venture's goals. The components are familiar - business models and strategies, team, funding, legal entities, risk, requirements, etc.  Some ventures have clearly defined business models, but need teams. Others have a strong collection of players, but lack a financial model.

Whether we're assessing resource requirements, evaluating legal structures or performing due dilligence, Criterion Ventures provides a rigorous process of documentation that enables key questions to be identified and answered.  Structuring is an iterative process.  For instance, an initial business model may prove untenable, and need to be rethought.  Or a set of resources refocused.  As execution proceeds structure evolves.  Structure requires disciplined thought and analytic rigor.  It is often supported by scenarios, plans, pro formas, lists,  

Yet elegant structure evolves not from myriads of requirements lists or potential partners but from a varied team working at the nexus of disciplined thought and creative possibility.  As we consider structures, we expand possibilities by bringing players to the table based on the project's needs. Work on the structures and logistical features feeds the development of a potential team around the venture as the set of partners that can moving a venture forward and the talent (both paid and volunteer) that will make the venture work come into the conversation.

Structuring includes business planning, resource recruiting, establishing legal and governance structures, and performing due diligence.