Cordova Intellimedia Ventures, L.P. Investment Criteria

CIV investments have most or all of the following characteristics:

• Companies from seed to start-up to early-stage.
• Early stage valuation, concepts at the founding stage or first round of "angel" investing.
• Founders and management with passion and relevant experience in its industry with a deep understanding and vision of the competitive landscape.
• Uniqueness and definable competitive advantage that solves real problems.
• Proprietary technology.
• Concepts that are aimed at a sizable market, that have unique market positioning or technological advantage, and that hold promise of becoming large companies.
• Companies with a defined exit strategy of acquisition or IPO.
• Generally located in the Southeast with a primary focus in Atlanta, Georgia and Raleigh, North Carolina.
• Exit expectation in 3 to 5 years.
• Investments from $250,000 to $3 million over the life of the investment.
• CIV's ownership is usually a minority stake.
• There is significant growth potential that will yield compounded annual returns in excess of 40%.
• CIV likes to particularly focus on companies in the information technology industry (including Internet applications and e-commerce infrastructure and services) and communications, including wireless, broadband and optical networking.