Direct
WYVC Direct Strategy
The $35M in the Direct investment strategy is focused on direct equity co-investment into Wyoming entrepreneurs. Follow-on funding has been a challenge for Wyoming startups and the Direct Strategy enables WYVC to participate in funding rounds for Wyoming companies headquartered across the state.
Who is Eligible
- Wyoming-based company
- Startup or high-growth company
- Committed to future exit
- Planned or future fundraising round
- Previously raised funds (Conv. Note, SAFE, Equity)
Investment Details
- WYVC is targeting 20% of the round when appropriate
- WYVC max investment of $5,000,000 or 50% of total round whichever is less
- Other investors in the round are Pari Passu with, or junior to, the WYVC investment in cash flow rights
- Must have a strategic lead investor secured before WYVC can commit capital to the round
For eligibility, a Wyoming-based company must meet one of the following criteria:
- The company is headquartered in Wyoming
- At least 60% of the employees are in Wyoming
- At least 60% of the equity is owned by Wyoming residents
Direct Investment Process
- Read the certifications, WYVC Rules, and Treasury Guidance linked below to confirm eligibility.
- Complete the application by providing up-to-date items such as the pitch deck and financials.
- If selected after review, give a full pitch either in person or over a video call.
- Complete additional due diligence, focused on, but not limited to the list below, may be requested before determining investment.
- Team, Business Plan, Product, Customer, Market Data, Competitive Advantage, Financials, Round Info, and Exit Strategy
- Execute a Letter of Intent (LOI) consistent with investment interest.
- Coordinate with the lead investor to determine final terms and closing date.
- Finalize due diligence and schedule possible site visit.
- Complete formal agreements and certifications.
- Invest funds either after or simultaneously as the fundraising round’s co-investors.