Eshelman Ventures

Eshelman Ventures LLC is an investment company primarily interested in private healthcare companies. We invest in a variety of different ways, including angel investing in startups, "alongside" investing with venture capital funds, private equity funds (primary or secondary markets), academic spinouts, hedge fund projects, and public companies. While we concentrate on healthcare, we will consider other themes that are attractive and have large potential markets. Generally, we are interested in double-digit percentage positions with dilution protection. Our style is participatory, but not obstructive. Ordinarily, we will take a board seat with larger investments and be active in assisting the company's growth and strategy. Business plans must be crisp and well thought out, describing the product, its market and company strategy succinctly. Experienced management is a must, though this can be accomplished with boards and advisors in some instances. If the company's founder is primarily a scientist/engineer, plans must be clear on bringing in professional management and a board.