1

APPLY VIA GUST

We accept applications through the Gust platform; you can choose whether to make your profile public or keep it private.  Please note that we do not discuss potential applications with startups ahead of time; it’s not fair to those who have devoted their time to putting together an application.

2

INITIAL INVESTMENT COMMITTEE MEETING

The investment committee comprises experienced independent private sector professionals across the State; in order to meet US Treasury conflict of interest policy requirements, they are not currently active investors, nor can they take any stake in Battle Born portfolio companies. The initial investment committee meeting is to screen for applications that don’t meet our mandate, for example, if a startup is pre-revenue. As we receive a large number of applications, the investment committee usually prioritizes the startups on which it would like to see due diligence based on the criteria outlined in our mandate.

DUE DILIGENCE

Our due diligence process is in line with that of most institutional investors, and covers all details of a startup, from the team’s credentials to discussions with clients, customers and other investors. Typically, this is a 6-8 week process, so we encourage you to apply well ahead of your funding need.


4

FINAL INVESTMENT COMMITTEE MEETING

After reviewing the due diligence pack and asking follow up questions, the investment committee makes the recommendation as to whether to invest in a startup. The ultimate investment decision is made by GOED.

5

DOCUMENTATION

We will work with your Counsel and the Attorney General’s Office (which represents the Battle Born program) to put legal documentation in place. As part of this process, we’ll run background checks on key team members.

6

CASH CALL

Finally, a cash call will be ordered by GOED and will be executed by the program’s custodian, the Nevada Microenterprise Initiative.