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PVP manages and operates Pennell Venture Partners Marathon Fund, L.P.
and Pennell Venture Partners Marathon Fund II, L.P. (collectively, Marathon
Fund).
Through
Marathon Fund, PVP makes patient investments of up to $1,500,000 primarily
in software companies that enhance corporate performance with:
- paying customers
- quantifiable
value for the customer
- recurring revenue
streams
- a clearly defined,
proprietary distribution channel
- a clear path
to cash positive operations
- a protectable
competitive advantage
- a rational valuation
and
- a base in the
New York metro area
Strong
leadership and management, of course, are required. While PVP prefers to lead its investments, PVP will also participate in
syndicates when the General Partner knows its co-investors. PVP has working
relationships with a number of institutional and angel investors.
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