Introduction to Quarterly Investment Decision
The Quarterly Investment Decision is a critical step in the growth and development of startups at Volta. This decision, made at the end of each Quarterly Review, determines the next phase of support for each startup. Understanding these outcomes is crucial for Growth Coaches as they guide startups through their journey.
Four Possible Investment Decisions
Description: This decision is made when a startup shows satisfactory or exceptional progress. It involves renewing their residency at Volta, allowing them to continue benefiting from the current level of support and resources. Coach’s Role: Continue to offer guidance and support, ensuring the startup maintains or accelerates its growth trajectory. Renew Residency with Notice to Improve: Description: If a startup is progressing but has specific areas needing significant improvement, their residency is renewed along with a formal notice to improve in those areas. Coach’s Role: Work with the startup to identify and address the areas requiring improvement. Set clear, actionable goals to meet these improvement targets. Pause Residency with Notice to Improve: Description: For startups needing considerable improvement, a pause in residency may be issued, along with clear goals for improvement necessary for re-entry into the program. Coach’s Role: Help the startup to clearly understand the reasons for the pause and the improvements required. Assist in developing a plan to achieve these goals for potential re-entry. Description: In cases where a startup consistently fails to meet milestones or shows minimal progress, the decision to end residency may be taken. Coach’s Role: Support the startup in understanding the decision and guide them in planning their next steps outside of Volta’s residency program.
The Chief Innovation Officer's Involvement
The Chief Innovation Officer plays a pivotal role in making these decisions based on the data and insights gathered during the Quarterly Review. Their recommendations are crucial in guiding the Growth Coaches on the next steps for each startup.
Documentation and Finalizing Next Steps
Action Plan: Post-decision, as a Growth Coach, you will work with the startup to document an action plan, especially in scenarios involving notices to improve or pauses in residency. Finalizing Support Engagement: The documented plan forms the basis for the next quarter’s support engagement, outlining the focus areas and resources allocated.
Conclusion
The Quarterly Investment Decision is a reflection of Volta’s commitment to providing tailored support that aligns with each startup's unique needs and progress. As a Growth Coach, your role is instrumental in helping startups navigate and respond to these decisions, setting the stage for their future development and success. This process underscores our collective dedication to fostering a vibrant and productive startup ecosystem.
Quarterly Investment Decisions