Criteria for “Hands Off” Investments

1. People
2. Access to Capital
3. Project Pipeline

… Simple as that in my opinion…

1. Good people:
   • Stewards of your money and will go for best “bang for the buck”
2. Access to Capital:
   • The ability to create value over time
3. Project pipeline:
   • The “event horizon” for value creation

… Bad management will squander the money (destroy value). Low access to capital will increase opportunity cost. Short project pipeline means less room for growth and an increased need for success per target.