Independent rating of NAV.VC VC fund
Overall rating:
8 reviews
About NAV.VC VC fund
Website:
Founded:
1999
Number of investments:
7
Number of exits:
1
Headquarters:
Organization type:
Venture Capital
How NAV.VC VC fund invests
Rounds:
Average ticket size:
3.91M USD
Biggest investment:
10M USD
Would lead round:
Yes
Would coinvest:
Yes
Countries where invested:
Sectors of interest:
Software, Publishing, Information Technology, Travel, Transportation, Training, Tourism, SaaS, Risk Management, Real Time, Mobile, Leisure, Internet, Identity Management, Fraud Detection, Education, EdTech, E-Learning, Digital Media, Corporate Training, CRM, Apps, Analytics, Advertising Platforms, Advertising
Founders' reviews of NAV.VC VC fund
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Older than a year by non-portfolio founder
Scott Johnson Seems Quite Good!
Not-so-great:
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Response Time
I submitted my business plan at 11:03 pm and had a response by 08:54 am the next morning. My application was declined but the response time was super quick and professional.
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Great Support
NAV has been a critical partner for us in our early stage and has stuck with us through a slow start in a difficult market. The partners are thoughtful, helpful, fair, and appropriately involved. They have been supportive as well during a recent leadership transition and continue to invest, helping us through a critical period while we position ourselves for growth.
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Early Stage, Management Friendly
NAV has been a delight to have as an investor. Through a mutual acquaintaince, they found out about a small internal round we had decided to do in early 2009 after the financing market collapse in Q4 2008 made a large Series B undesirable. They did the fastest deep dive due diligence I've ever experienced as an entrepreneur. Within six weeks, they invested $1.5 million and accepted the same price and terms (except, of course, modifying the term sheet to secure a seat on our board) that we had negotiated with our insiders, which was nicely up from our seed. Their questions and data requests were very focused and involved just about all of their partners, as they each knew someone who would have perspectives on our market and business model. I'm sure this contributed to their quick investment, so I don't know whether that is the norm or not. The lead partner on our deal even flew across the country to attend a pitch to a prospective customer with our sales folks.
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Efficient Deal Process
Worked with Scott Johnson through the whole process. Very intelligent partner and quickly understood our market and how our technology could be adapted quickly. He has a deep understanding of the interactive advertising space. Despite the 2009 market, the terms were favorable and we do recommend east coast startups to pitch to them. Post closing, he was quick to help us recruit top talent for select roles.
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Straightforward
We met with each of the partners and received approval from each of them. You'll have quite a lot of diligence with these guys. Nevertheless, they'll treat you fairly and are one of the better investors outside of New York.
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Be Careful What You Say
They'll call you to do due dili when they're investing in other companies.
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Great with Our Exit Strategy
The team at NAV was great to work with. They helped us grow the business from the beginning stages through a sale, 5 years later. They were a stragetic business partner who kept our team focused on the important issues and didn't get overly nervous when we would hit a "bump" in the road. Overall, great partners and I'd do business with them again!