BAILIWICK VENTURES STUDIO - Open-Ended (Evergreen) Single-entity studio model.

Prior to this offering, BVS has been self funded, and in some instances, with committed investors in each of the portfolio companies. In an effort to institutionalize the Studio model and capitalize the Studio, BVS intends to secure up to $15 million in total capital from qualified investors to support the Studio operations and provide seed capital to our current and future ResTech startups.

INVESTOR PROFILE
The ideal investor is part of the broader foodservice industry ecosystem that includes operators, manufacturers and suppliers, private equity investors and key industry influencers and technology investors. We believe it's important for investors to possess relevant domain expertise to fully appreciate the ResTech value proposition and industry focus BVS brings to the foodservice and hospitality sectors. It is also important that our investors participate in some meaningful way, including product trials and user feedback which supports the BVS portfolio with an unfair advantage entering the ResTech market quickly and efficiently which further mitigates investor risk by being a potential user of these technologies. All investors must be accredited under Rule 501 qualified investor. Other attributes is patience, as returns are predicated on pro rata terminal values when each portfolio startup is sold (exits).

BACKGROUND
While the foodservice industry is indeed being transformed by technology, what does the restaurant operator have to say about all of this? There are hundreds and hundreds of tech innovators targeting restaurants with their apps and cloud-based solutions to solve problems that may or may not exist. BVS combines decades of restaurant operations, startup investing and restaurant technology expertise. Additionally, the BVS operates with a world class advisory board and seed investors that include ResTech entrepreneurs and restaurant operators, C-level executives, venture investors, celebrity restaurateurs and chefs, food manufacturers, distributors, among others. It’s the rare combination of food restaurant + tech + start up investing and operators expertise that uniquely defines The Bailiwick Ventures Studio.

INVESTMENT THESIS
We intend to create, invent, capitalize and launch innovative food, restaurant and hospitality technology companies. Bailiwick Ventures Studio is comprised of visionary and capable engineers, product and marketing experts, sales and customer success professionals with experience at the seed and growth stage. We expect to seed fund each startup an average of $1.5M (seed calpital plus allocated professional services provided each startup if not billed back to BVS) as founders, owning 100% the equity. Once capitalized, with a vetted management team, we will create and launch the Company, secure new customers and validate product market fit quickly, usually within 12 months, before spinning the startup out of BVS, with a growth equity raise of at least $2M from outside investors, including BVS investors at their option. Once the startup is launched from the studio it stands on its own but is supported by the Studio to bring value.

MINIMUM INVESTMENT

The minimum equity investment for qualidfied investors is $500,000.

STRUCTURE

Preferred Equity, with a 4% preferred return until the first portfolio company has exited.