Replies to post #289 on Invent Ventures, Inc. (IDEA)

[mrbizzard]

LAST is founded on the principle that information sharing drives innovation, and that innovation fuels productivity and economic growth. We believe that value accrues when interests are aligned, and this credo manifests itself in every aspect of our company.

Our shared ownership structure incentivizes every member of our network to collaborate, which in turn dramatically increases the support capacity of our syndicate.

We align the interests of our portfolio companies through shared ownership and mutual benefit. By issuing each entrepreneur in our network shares of our common stock, we encourage collaboration and innovation, while expanding the support capacity of our syndicate.

By partnering with entrepreneurs at the earliest stages and giving them access to our support network, we believe we add the most value and will generate the highest return.

[mrbizzard]

LAST Strategy

Our strategy is to build and invest in web and mobile technology companies that will provide a minimum of a 20x return on investment. We believe that by developing technology internally and partnering with entrepreneurs at early stages in development, we can add the most value and generate the highest return. The following are key elements of our strategy:

• Guide our companies through the challenges of early development. We provide our companies with the capital to cultivate their product and grow into profitability. Beyond capital support, we reduce costs and time to market through managerial assistance, marketing resources, and technological collaboration. As the companies mature, we prepare them for subsequent financings or other liquidity events by providing strategic guidance, legal and accounting resources, and access to capital markets.

• Apply a structured investment process to our deployment of capital. Web-based technology is becoming increasingly capital-efficient, and our model is optimized to leverage this trend. By investing in the earliest stages of our companies' lifecycles we are able to generate significant returns with minimal capital investment.

• Create a network of entrepreneurs incentivized to collaborate. Once part of the our syndicate, entrepreneurs are offered equity interests in LAST. This shared ownership structure incentivizes every member of our network to collaborate. New concepts are developed at a faster pace, potential investments are vetted by a larger audience, technical challenges are solved by a wider support base, and increased productivity reduces costs and drive efficiencies in how our companies are built.

• Build a diverse portfolio of innovative and dynamic technology companies. The low capital investment requirement of our target industries, coupled with the short development timeline of technology companies, enables us to spread our capital base across a wide spectrum of investments. Through the construction of a diverse portfolio we believe we mitigate risk and enhance the value of our network.