| The Turtlesnap Difference |
How Turtlesnap is different from a typical venture capital fund
* Turtlesnap is a corporation and not a limited partnership which is the standard structure of a VC fund.
* As a corporation, Turtlesnap has the flexibility of adding or changing management, directors, advisors and shareholders at any time, whereas a fund is normally locked into its management and ownership structure.
* Turtlesnap has the flexibility of creating companies that meet the needs and opportunities of a particular location unlike most funds which specialize in a specific industry.
* Turtlesnap is designed to become a public company as are the companies that Turtlesnap creates. Therefore, liquidity is available to shareholders and the currency of the stock can be used for management incentives, for acquisitions and for raising additional funding. This is unlike a fund where liquidity is usually achieved at the time of sale and distribution of holdings.
* Turtlesnap is focused on starting companies around successful entrepreneurs and unique opportunities and not on investing in existing companies. By founding companies Turtlesnap achieves the lowest cost of entry and therefore the highest potential return. A typical VC firm invests in existing companies at a higher valuation and often with a requirement to spend additional resources correcting mistakes that could have been avoided with proper guidance right from the beginning.
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