Venture Technology
design.develop.deploy
A Venture Technology (VT) company invests technology in the same way a Venture Capital
company invests money. Unlike most software-for-hire or consulting firms, III DG
Solutions offers a business model that aligns its interests with its client’s interests
- namely increased revenues and profits. What III DG Solutions brings to the partnership
is knowledge and experience in building advanced software/web applications for small
to medium-sized businesses across a plethora of markets.
The shared risk / shared reward structure of equity partnership agreements would
need to be customized to ensure that both the software development organization
and the business partner mutually benefit from the terms. In the end, this type
of agreement would need to be a "win-win" for both parties.
Not all software / web application solutions are candidates for this type of partnership arrangement.
The software development organization must feel that the development cost risk can
be mitigated somewhat by the product or service. On the other hand, the business
partner must feel comfortable that the value of the equity which is released to
the software development organization for the application solution produced.
These types of arrangements can be especially attractive to business partners whom
are trying to manage capital expenditures or have limited cash flows.
As with other partner/client relationships, "Non Disclosure Agreements" should
be put in place prior to discussing any customer or partnership agreement (equity
or otherwise).
III DG Solutions makes every effort to work with business partners to create these
Venture Technology relationships. It fits very well with the agile methodology and the
long term relationships that we find to be the most successful when providing the
technical foundation for our clients.