Our Approach

Third Security targets relatively few investments in a highly select group of companies. Our patient approach is focused on maximizing absolute return, which we believe often correlates to larger benefits to society.

Our selection process is non-formulaic, and our selections do not fall into a preconceived matrix. Some are large, some are small; some public, some privately held. What we believe they have in common is an uncommon advantage: each is selected for a strategic position in its field with the potential for both category dominance and financial return.

These target companies are then monitored by a dedicated, deeply experienced team committed to aggressive results for our Affiliated Investment Funds.

Some common elements of attractive investment opportunities:

Unique value: We seek companies that can carve out a unique space for themselves, whether by protectable intellectual property, a significant lead time on competition, high barriers to market entry, market presence, strong relationships with customers, or a novel approach, location or position. One of our first questions in evaluating an opportunity is, "What makes this uniquely yours?"

Entrepreneurial execution: It takes more than a great idea to build a successful business. It takes an execution-oriented entrepreneur and management team to capitalize on the opportunity's advantages while avoiding pitfalls and distractions. Proven ability to execute a focused plan figures very highly in our evaluation process.

Market leadership: There are a lot of good opportunities out there. We believe that with a good concept and a good team, a company should be able to lead its market. We approach each investment opportunity with this in mind, and it is imperative that a company's business plan outline a realistic roadmap for achieving market leadership.

About Third Security

Third Security, LLC ("Third Security") is a venture capital firm characterized by an expanding global perspective and a distinctively patient approach.

On behalf of our Affiliated Investment Funds, Third Security evaluates opportunities in a wide range of industries, but principally focuses on emerging through late-stage investments in life-sciences companies.


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