A  42 Ventures

http://www.42ventures.com





     Office Locations:

68 South Main St. 9th Floor
Salt Lake City, UT 84101
Phone: 801-893-2442

 

Stages:

  • Early


 

Industries:

  • Information Technology
  • Media & Digital Media
  • Software & Internet

  •  

    Description:

    42 Ventures was founded in 2006 by Ned Stringham. 42V takes a unique approach that is unlike traditional venture firms, angel investors or private equity groups. Everyone involved with 42V has started and grown their own business. And since the investment capital comes from Ned, his team, and a tight circle of advisors, they are true partner in building the business. 42V invests between $250,000 and $1.5 million in a typical deal. There is no time frame on exit, nor is there a fixed structure for investing. The firm maintains an evergreen fund of capital meaning that the team having enough time to support a new portfolio company is the primary constraint, not money. 42V likes companies that already have products and customers and seek out businesses with well defined markets generally focused on a specific industry or specialized function. Since 2006, 42V has invested in 12 businesses. 42V focuses on software-driven businesses that have strong growth potential, high levels of recurring revenue, and a specific industry focus or domain expertise. The firm prefers to get involved before a business reaches $5 million in revenue and after its technology, service and business model have been proven viable and attractive. Typical investment levels range from $250k up to $1.5 million.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Blue VanDyke Partner
    Bob Howe Executive Advisory Board
    Doug Folsom CFO
    Ned Stringham Managing Director
    Troy Wardrop Operating Principal

     

    Portfolio companies include:


      Distribion Services
        web link


      Ideal Response
        web link


      Inside Real Estate
        web link


      Marketingfx
        web link


      New Media Gateway


      Sharp Analytics


      Simple View


      TransitionWorks Software
        web link


      Vertical Nerve
        web link


      White Label Marketing
        web link


     

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