WHO WE SERVE · ACCELERATORS, INCUBATORS AND VENTURE STUDIOS

Which applicants should your program accept?

We work for accelerators, incubators and venture studios, whether a nonprofit, a company, a government or a university runs them, and for programs that bring startups from abroad to the US market. We sort every application in a cycle against your written criteria, all at once, and give a written reason for each company we leave off the shortlist. Your reviewers read the shortlist, and your committee picks the finalists. If you invest, we also check each finalist before your money goes out.

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WHAT YOU CAN ASK US

Which applicants should our reviewers read?Answered by: Funnel triage What does each finalist actually build, and who else builds it?Answered by: The Screen Are the founders and the cap table what the application says?Answered by: Founder and cap table verification Is there a US market for this company, and who already sells into it?Answered by: Competitive position in Lensential Venture Will US investors accept how the company is set up and priced?Answered by: Cap table verification and the Exit Brief, with legal questions sent to your counsel If we invest, what is our standard deal worth as the company raises the rounds it still needs?Answered by: The Note Brief Which of our companies deserve a follow-on?Answered by: The Exit Brief

WHAT YOU RECEIVE

We sort every application and explain each one we leave off.

SHORTLIST · SPRING CYCLESPECIMEN

The program's five criteria: business software or hardware; incorporated in the last three years; a technical founder working full time; a paying customer or a signed pilot; ready to form a US company.

28Shortlist
79Not shortlisted
5Unresolved
112Applications

Applicant	Category	Verdict	Reason	Location
Tovelby Robotics	Industrial robotics	SHORTLIST	Meets all five criteria. Two signed pilots, one backed by a deposit invoice.	Austin, Texas
Calvermoor Bio	Lab hardware	UNRESOLVED	Meets four. We cannot tell yet whether the technical founder works full time, because her university appointment runs to May. Question sent to the applicant.	Houston, Texas
Hallowmere Software	Health care software	NOT SHORTLISTED	No paying customer or signed pilot. The three logos in the deck are free trials, by the application's own answers. One signed pilot would change it.	Dallas, Texas
Strenwick GmbH	Energy hardware	SHORTLIST	Meets all five. No US company yet, and a US priced round would need a US parent company. Question sent to the program's counsel.	Munich, Germany
Ferncastle Analytics	Business software	NOT SHORTLISTED	Incorporated in 2019, per the state registry, so outside the three-year window. This measures fit with the criteria only.	Denver, Colorado

Five of 112 applications in a fictional cycle, sorted against the program's written criteria.

Specimen. Every company and figure in this specimen is fictional.

See funnel triage in Lensential Venture

HOW IT WORKS WITH YOU

How we sort your applications.

You send the applications and your criteria.

Export the applications from your platform, and tell us in your own words what makes a company right for your program.

Every company gets a reason.

The spreadsheet we return gives a reason for every company. Each one left off the shortlist also gets a note with the evidence, our test and what would change the verdict. The note says it measures fit with your program only, and does not grade the company. Anything we cannot settle is marked unresolved and goes back to you as a question for the applicant.

We work in batches, on your dates.

Send each batch when it closes. We sort it within two business days of your export, and one of our principals reads and signs the shortlist. Fees are agreed before any work begins.

We can also work inside your systems.

We can set up the sorting in your own systems, so each batch runs on your accounts and under your rules.

Your applicants are not our deal flow.

What you send about your applicants is never shown to another customer, and our principals do not use it for their own investing. The full rules are in our disclosures.

No fee from applicants.

We take no fee from your applicants for work on their applications, so only your criteria shape the shortlist.

No introductions.

For your finalists, we tell you what US investors will ask and what is missing. We do not introduce companies to investors or take part in a raise.

THE SYSTEMS BEHIND IT

Lensential Venture Lensential Consult Build or kill a concept

Send us last cycle's applications, and the companies you picked.

We sort one whole cycle of up to 150 applications within two business days, free, and you compare our shortlist with the cohort you chose.

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