Investment Criteria

WAFTT Investment Process

Over the years, we’ve fine-tuned our approach to the investment process with three major things in mind:

      1. Find investments that will fit into our criteria.
      2. Treat founders the way we would want to be treated.
      3. Be timely with our communications to respect the founders time.

Although we want to help as many entrepreneurs as we can, if the startup does not fit into our criteria we will be prompt with a “not interested” response. Likewise, if we are interested, we will get back to you as soon as possible, with the chance to receive funding within 30 days.

Consideration Requirements
(Read before Submitting)

We at WAFTT believe it’s best to tell you up front what we are looking for and then let you decide if we could work together going forward. At the end of the day we don’t want to waste your time and we don’t want you wasting ours, if your company does not fit our criteria.

Please note: We DO NOT invest in franchises, ideas on paper, prototypes, or MVPs without substantial traction (kick starter sales do NOT count)

We ONLY currently invest in USA, Canada, and China.

With that in mind, here is a brief overview of our target investment profile:

      1. Founders:
        We at WAFTT believe people and execution are the most important parts to any startup. Our ideal team construction consists of at least two of the following 3 key roles: Hacker, Hustler, Hipster.
      2. Initial Criteria:
        1. B2B
        1. Traction – MRR of > $10,000
        1. Hardware – production phase
      3. Sector:
        We are focused on any Technology startups that fit our initial criteria.
      4. Where:
        We have invested in American, Canadian, European and Chinese companies.
      5. Valuation:
        We have made the majority of our investments at valuations between $500K – $5M.
      6. Check Size:
        Our typical check size is $50K – $250K. We are follow-on investors, who invest in preferred rounds in either a lead role or we will help to fill a round.
      7. Burn Rate:
        At WAFTT we like to see companies that are sustainable and are focused on profitability rather than being experts at raising money. This means having a low burn rate.

Screening and Due Diligence

We will reply with a short yes or no on the initial screening.  If you get a ‘yes’ we may then ask you for a few due diligence documents. We may require different documents dependent on the business, they usually include several of/all the following:

      1. Income Statement
      2. Balance Sheet
      3. Term Sheet if you have a Lead Investor
      4. Cap Table
      5. P&L
      6. Copies of corporate documents like Certificate of Incorporation, Bylaws, and annual filings (if applicable)
      7. Copies of intellectual property agreements with founders, as well as all current and past employees and contractors
      8. Tax Returns (if applicable)

If you’re ready to get started, use this form to submit a request: