Replies to post #2764 on GreaterChinaCorp (fka GCHC)

[creekjumper]

Fortuna Audaces Juvit

Turtlesnap Ventures, Inc.

One Rockefeller Plaza, Suite 1010
New York, NY 10020 Tel: [phone] Fax: [phone]
Email: [e-mail]

The Turtlesnap Model
December 2008


The world is crying out for innovation and job creation. This is the mission of Turtlesnap Ventures.

Turtlesnap Ventures is an expanding global network of affiliated Turtlesnap venture capital incubators with the sole purpose of starting and developing successful “for profit” and “not-for-profit” enterprises. The Turtlesnap Model is unique, and brings together the resources and lessons learned from decades of successful international venture capital investing.

Turtlesnap Ventures was founded in 2000 as a means of developing companies that can benefit from Global Trends In Technology in the 21st century. It has conducted a series of Turtlesnap Symposia on these technologies with the objective of building profitable enterprises around proven entrepreneurs and with strategic and investment partners that are often identified at the Turtlesnap Symposia (*) with Turtlesnap Mentors (+) or by sister Turtlesnap affiliates (#).

Today Turtlesnap has adapted its systems to become a major engine for starting and building innovative new enterprises around the globe that can achieve both financial and social goals. As David Rockefeller said: “There is nothing inconsistent about being socially responsible on the one hand and doing what is right for the shareholders on the other.”

What Does Turtlesnap Do?

1. Each Turtlesnap Ventures entity (located anywhere in the world where there is a need and desire for job-creating new enterprises) identifies opportunities and entrepreneurs in conjunction with its local Turtlesnap partners. These partners may be private investors, international development agencies and even local governments and NGOs. Companies developed by Turtlesnap can be “for profit” or “not-for-profit” since the same disciplines apply to both.

2. Once priority areas are determined one or more Turtlesnap Symposia are conducted around the selected area to bring together the world’s best experts on the topic. Turtlesnap Mentors and sister Turtlesnap entities also become involved over the Internet. These affiliates will often provide strategic partners, investors, training, management and advisors for the new company.

3. Turtlesnap Ventures then takes over. It provides the following:

a. Up to $1 million as a line of credit to fund incorporation of the company and for creation of a
complete and continuing Business Development Plan using systems and procedures that have been developed over decades by the most sophisticated venture capitalists and by proven entrepreneurs.


b. Ongoing support and access to experts in every area of corporate development. A full-time Turtlesnap Advisor is assigned to each company (but to no more than 3-5) whose job it is to address needs before they create problems and to insure that every company has maximum access to the resources needed for success. Interactive advice is available 24/7 through Turtlesnap Mentors who are experts in the particular area and who are part of a large and growing global database of such experts.

c. Continual monitoring designed to help achieve early profitability which will enable the company to raise growth capital (or donor support in the case of not-for-profits) on the most favorable terms and to achieve independence from Turtlesnap at the earliest possible date. Many incubators get clogged with people who are not true entrepreneurs and Turtlesnap employs disciplines to prevent this from happening. The average stay of a new company in a Turtlesnap
home base is 2-3 years.

How Is Turtlesnap Different From a Typical Venture Capital Fund?

1. Turtlesnap is a corporation and not a limited partnership, which is the normal structure of a VC fund. A LP fund is limited in its life (usually 7-10 years) which often causes fund managers to make investments or to sell their holdings at times that may not be optimal for creating value.

2. As a corporation, Turtlesnap has the flexibility of adding or changing management, directors, advisors and shareholders at any time; whereas a fund is normally locked into its management and ownership structure.

3. Turtlesnap also has the flexibility of creating companies that meet the needs and opportunities of a particular Turtlesnap location (#) unlike most funds which specialize in a specific industry. Sister Turtlesnap companies can also provide expertise and training no matter what the industry sector.

4 Each Turtlesnap entity is designed to become a public company as are the companies that Turtlesnap spawns. Therefore liquidity is available to shareholders and the currency of the stock can be used for management incentives, for acquisitions and for raising additional funding. This is unlike a fund where liquidity is usually achieved at the time of sale and distribution of holdings.

5 Turtlesnap is focused on starting companies around successful entrepreneurs and unique opportunities and not on investing in existing companies. However, a start-up may be an affiliate of a successful company in another location. By founding companies Turtlesnap achieves the lowest cost of entry and therefore the highest potential return. A typical VC firm invests in existing companies, at a higher valuation and often with a requirement to spend additional resources correcting mistakes that could have been avoided if the company had been started and developed correctly from the beginning.

(*) Turtlesnap Symposia has conducted a series of Global Trends In Technology symposia as well as conferences pertaining to specific areas of focus.

(#) Turtlesnap is establishing Turtlesnap Ventures in various parts of the world to assist with development of innovative, job-creating, local enterprises. Turtlesnap invests seed capital and provides proven systems, procedures and Turtlesnap Advisors and Mentors to insure that local Turtlesnap entities and the companies they are spawning have the ingredients necessary to achieve early and continuing success.

(+) Turtlesnap Mentors are part of a growing database of experts who are available on a volunteer or fee basis to assist in building successful enterprises anywhere in the world.

Fortuna Audaces Juvit (“Fortune Favors the Bold”)