Supporting and executing early and pioneering deals is a core RIG activity and a distinctive capability.
These deals constitute a crucial early milestone in building a venture company. They demonstrate market acceptance, mitigate market risk, deliver first revenues, and serve to inflect a company's valuation ahead of a funding round.
Wisely chosen and well executed, they provide the points of reference that underpin an accelerating growth path. For this reason, early deals are an order of value higher than those that follow: their strategic value outweighs their economic value.
Early deals are also formative: they kick off the process of building, from scratch, both the company's deal execution template and its broader approach to doing business.
“Your job is to find that front domino, that number one thing that if you could accomplish, will knock over the other 98 and get more done than the other 98 combined.”
Track record includes:
- Joint development agreements
- Licensing
- Manufacturing and distribution partnerships
- Direct sales
- Offtake agreements
- FOAK projects
- Joint ventures