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Funding Schedule

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To maintain a large footprint, a lean staff, and an efficient organization, Excell operates on quarterly cycles.

  

 

During the 2nd month of each quarter, Company managers are invited to present their opportunity to our Technical Advisory Board. Three or four opportunities are then selected for in-depth due-diligence.  A careful analysis of these opportunities is then conducted to validate the key elements of their business case.  Ultimately, one or two opportunities per quarter are selected for investment.

 

During the 3rd month in each quarter, the terms of the investment are negotiated.  All investment decisions are subject to final approval by Excell's Board of Directors.

 
Tracking Portfolio Companies

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Likewise, Excell’s management of its portfolio companies follows a quarterly cycle.

 

During the first month of every quarter, each company in the portfolio sends quarterly updates to Excell.  These are reviewed in light of milestones achieved and future funding needs.  Where appropriate, a financing strategy session with Excell staff and the company's officers will convene.  Excell will work with the company's officers to prepare them to present to follow-on investors.  During the 2nd month of every quarter, members of Excell's  follow-on investor network are contacted.  During the 3rd month of every quarter, meetings are held where portfolio companies give their presentations to potentially interested investors.