Company:
NCT Ventures is a venture capital firm founded by entrepreneurs. They are passionate about people and believe that an idea is only as good as the entrepreneur tasked with turning that idea into a great business model. Over the past 20 years, NCT has helped build many successful companies and are always excited about sharing their experiences, methods and time with entrepreneurs through hands-on operational support.
Critical Issue:
Increasing shareholder value by reducing the risk, cost, and time-to-market for existing and new portfolio companies.
"NCT Ventures has been investing in technology companies for the past 15 years, and we have been frustrated by the fact that we find ourselves funding the recreations of core technologies we have funded in the past. QStart Labs is the first technology company that actually aligns their interest to us as investors. Their business model allows NCT to increase speed-to-market and enhance our ROI. We particularly like that QStart Labs is incentivized to help make our portfolio companies successful, and that we incur costs only when development is needed vs. internal overhead."
Rich Langdale, Managing Partner,
NCT Ventures
- Long lead times to evaluate technology partner
- Technology partners not aligned with success of portfolio companies
- Poorly executed technology projects limiting portfolio companiesâ success
- Wasted money on technology without results
Reasons:
- Rapid speed to market validation
- Reduced investment required for technology
- Technology partner that could understand business objectives and make pragmatic decisions related to technology
- Ensure that portfolio companies were positioned for success now and into the future
Needs:
The Solution:
QStart Labs provided a proven process that is designed to reduce they typical cost, risk, and time to launch for companies with an internet-driven business model. This process focuses on:
- Pragmatic approach to development.
- Rapid time to market through reusable core technologies.
- "Pay for performance" business model to ensure alignment with success
The Result:
QStart Labs has engaged with two portfolio companies of NCT. Both companies have very solid business models. Prior to QStart Labs, both companies had spent more than $1,000,000 on technology and technology solutions without achieving the basic technology needs of the businesses. Both companies now have thriving online businesses built by QStart Labs. In both cases the successes have been so dramatic that NCT Ventures has invested additional monies to further accelerate the growth of the businesses.