Sherpa Partners - About Sherpa Partners
Sherpa Partners - About Sherpa Partners
Sherpa Overview
Entrepreneurial Blueprint


Sherpa Partners, LLC is a Minneapolis-based venture capital firm focused on early-stage technology companies. We have decades of personal experience in the high-altitude, rarified air of new enterprises. As experienced operational managers, we are investing time, energy and money to help emerging technology companies create the strategies, systems, infrastructure and management teams to become leaders in their markets.

By modeling through Sherpa’s “Entrepreneurial Blueprint”, the Sherpa team is dedicated to providing the tactical and strategic assistance necessary to help its portfolio companies become market leaders in their respective industries.

Trek I: Launched in January 2001, Trek I is dedicated to early stage, Minnesota-based information technology companies. This $17 million fund targets first-round pre-money valuations under $10 Million with initial equity investments ranging from $250,000 to $1 million. Trek I targets technology industries such as software, networking, infrastructure and telecommunications. Sherpa's Trek I fund is now fully invested and the company is no longer reviewing business plans.

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I. Incubator Stage

A.  Market Size and Opportunity Evaluation
B.  Product/Service Viability Analysis
C.  Customer Needs/Problem & Solution Explicitly Defined
D.  Unique Selling Proposition (USP) Determined
E.  Barriers to Entry Determined
F.  Preliminary Market Validation
G.  Founding Team Assessment
H.  Seed Funding Obtained

II. Seed Stage

A. Business Plan Formalized
1.  Executive Overview
2.  The Company & Management Team
3.  Market Analysis – Size of “Targeted” Opportunity
4.  Product/Service – Proprietary & Sustainable Advantage
5.  Competitive Analysis – Barriers to Entry
6.  Operating Plan
7.  Sales Strategy
8.  Detailed Revenue Projections w/Assumptions
9.  “Path to Profitability” Projections
10.  Funding Requirements & Use of Funds
11.  Exit Strategy
B.  Measurable Milestones Defined
C.  Corporate Infrastructure Created
D.  Staffing Expansion
E.  Beta Testing
F.  Product Development Finished
G.  Initial Sales & Marketing Plan Executed
H.  Updated Market Validation
I.  Industry Viability Plan Developed
J.  Production Ramp-Up
K.  First “Institutional” (A) Round Obtained
L.  Follow-On Investors Identified

III. Expansion Stage

A.  Expand Staff
B.  Deploy Full Sales & Marketing Plan
C.  Demonstrate Profitable Operating Model
D.  Prove Success Against Measurable Milestones
E.  Sustain Financing (B & C Rounds, Mezzanine, IPO, etc.)
F.  Achieve Investor Liquidity

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