The standard, published.
We publish our underwriting criteria because diligence shouldn't be a black box. Here's exactly what we weigh, so you can self-assess before you apply.
Underwriting Criteria
The detail
Foundational Integrity & Intent
Ethical values, commercial discipline, and personal commitment to building a durable business.
Structural Problem-Solution Fit
The venture must address a real commercial need that makes sense economically, environmentally, and politically.
Systems Gap Awareness
A clear understanding of the operational gaps across people, processes, technology, and governance.
Contingent service debt, not equity dilution.
A contingent facility lets a venture fund its build against a defined future obligation rather than surrendering ownership today. The waterfall shows exactly who gets paid, in what order, at what threshold.
THE WATERFALL
- Revenue flows to operating cost, then senior debt, then contingent service, then equity residual.
- Every tier is visible before you sign, so the economics are never a surprise.
Deterministic order, published in advance.
Revenue flows to operating cost, then senior debt, then contingent service, then equity residual. Every tier is visible before you sign, so the economics are never a surprise.
THE FIT
- A contingent facility is not right for every venture.
- If the revenue shape does not support the obligation, we say so and route you elsewhere.
- The instrument is only useful when it fits.
Honest about where it does not work.
A contingent facility is not right for every venture. If the revenue shape does not support the obligation, we say so and route you elsewhere. The instrument is only useful when it fits.
THE NEXT STEP
Choose your door in.
Three ways to move forward. Every door leads to a sovereign workspace, not a sales queue.