Accelerator Interests
Goal: Acquire deeply discounted interests in 30 compelling private companies that have unicorn potential
Accelerator targets interests in 30 growing companies that the manager believes have the ability to reach $1 billion in valuation
Targeting some of the world’s most compelling growth opportunities
Our Business
Managed by ex Goldman Sachs bankers/founders of MidasLP with 30+ advisors: senior execs from hedge funds to Fortune 500 companies
- Accelerator takes positions in 30 leading companies that generally have $1-$20 million in revenues and are interested in a potential exit
- First accelerator opportunities have been closed with exceptional companies. 20+ additional offers have already been made to potential accelerator companies
- For accredited investors only: Annual income over $200k ($300k combined with a spouse) or net worth of $1 million alone (or combined with a spouse)
If returns do not exceed 15% at no extra cost to investor, accelerator will contribute equity from next 10 accelerator companies
- Over 100 years combined investment experience and deep pre-IPO experience
- Team track record of billion dollar investment results: Facebook, Twitter, Cvent etc.
- Senior advisors create significant strategic advantage and grow equity value for portfolio companies
While targeting 5x returns. If returns do not exceed a floor of 15% p.a. investors get bonus equity
Accelerator Equity : Scenario Models
10x
- Out of 30 accelerator companies if one company reaches a $2 billion valuation:
- CrossWork’s interest assuming a 3% average is worth $60 million
- A $1 million accelerator interest would return $10 million on just this opportunity without counting 29 remaining opportunities
20x
- Out of 30 accelerator companies if one company reaches a $2 billion valuation:
- CrossWork’s interest assuming a 3% average is worth $60 million
- A $1 million accelerator interest would return $10 million on just this opportunity without counting 29 remaining opportunities
All investments are risky and carry the risk of loss of all capital.
Our approach
- You must be an accredited investor (i.e. annual income over $200k ($300k combined with a spouse) or net worth of $1 million alone (or combined with a spouse)
- We walk you through our approach regarding both Pre-IPO companies and accelerator companies
- Goal of the call is to share information. There is no requirement or expectation of any action or committment after the call
- We work best with companies from $1-50 million in revenues
Time Horizon expectation
Case Study:
>$1 bilion evaluation
-
CrossWork adviser, Steven Ogunro an ex-Goldman Sachs banker, completed an early stage investment in
-
completed an IPO on the New York Stock Exchange at a valuation at over $1 billion
-
was subsequently acquired for $1.6 billion by Vista Equity, a fund founded by a former Goldman Sachs colleague
- As of August 2020 ranked top 10 among software companies in USA
Accelerator Equity : Scenario Models
Accelerator
- Takes 2% to 10% ownership in each company at a targeted per company valuation of $10 million
- Attempting to reach or exceed targeted return simply requires adding more companies to accelerator with no additional investment outlay
Fund
- $50k per investment at $10 million per company valuation would only get 0.5% equity per company
- Once fund is invested returns (investments) are capped to investor
Case Study:
>$1 bilion evaluation
- Some of our advisors invest directly in the most compelling companies
-
CrossWork adviser, Audie Attar, manager of professional athlete Conor McGregor, completed an investment in
-
Jose Cuervo acquired an additional 29% stake in for $70 million, around August 2020, creating an implied floor valuation of $240 million
