Our Approach
Get Involved Early
Black Labs is different from most investment/consulting/design firms in that we like to get involved very early in the idea formation process and work on business development at the same time the idea is being developed. Our experience indicates that the probability of success is maximized if a clear model of the business is developed at the same time as the product idea. We have too often seen companies fail because they developed a product without a real business model in place.
Develop Complete Business Plan
A second difference is that we can work with you to develop a complete business plan which covers all phases from product development to exit strategy. Because the great majority of exits are by acquisition, we work with you very early on to identify potential acquirers and to determine exactly what stage the product and company must be in to be attractive to those acquirers.
Equity Participation
A third difference is that Black Labs will take a percentage of its compensation (up to 100%) in the form of equity. By being equity partners in the venture, we all have the same agenda and are never tempted to work on projects that we don’t think can be successful just to earn consulting dollars. If we are really excited about the idea, we have been known to invest in the company as well.