What to expect from the Paloma Ventures application process
By Poppy Trewhella · August 21, 2024
So you've got a great venture idea, you'd love to partner with Paloma… what's next?
We assess about 500 venture ideas a year and overall we're aiming to:
- Provide transparent and timely feedback on our thinking throughout the process
- Give you the chance to assess us and get a feel for what it's like to work with the Paloma team
- Reach a yes or no as fast as possible so that we don't waste your time
Typically ventures move through a few stages:
Stage One: Exchange info
We'd love to see your pitch deck. This is the easiest way for us to determine if you're going to be a good fit for our venture studio. In return we'll also share our info pack so you can understand how we operate in detail.
Stage Two: Meet the team & deep dive
If you meet our criteria, your first call will likely be with our Venture Partnerships Director, Poppy Trewhella. Poppy will have read your pitch deck and will likely have some questions for you about your venture. This call is essentially an opportunity for us to decide together whether there is good alignment between Paloma and your venture.
If it seems like a good fit, you'll meet some others in the team—Rafe Custance (Venture Principal) and Seb Cox (Chief Venture Officer). Together we'll dive deeper into your product vision and the market opportunity.
Stage Three: Investment memo and committee pitch
If things are looking promising, the team will write up an investment memo to share with the rest of the Ventures team. We'll be championing your business and recommending we work together. We may also ask you to pitch to the Investment Committee.
Stage Four: Term sheets and signatures
If it's a yes, we'll send you over some documentation to make our partnership official. Once these are signed we can get cracking! The entire process can move pretty fast (anywhere from 4–8 weeks).
If you'd like to learn more about our process, are wondering if Paloma is a good fit for you, or have a burning question, you can contact us at [email protected].