What’s the difference between Safeguard’s business model and that of venture capital or private equity firms?
Safeguard’s business model affords us the ability to be patient in guiding the partner company’s growth, while continually building value for our shareholders. From the entrepreneur’s vantage point, we’re not forced into a premature exit to return capital to limited partners, so we can raise a new fund every three years. There is no pre-determined cut-off date to sell our ownership position. Generally, we hold a partner company as long as we believe the risk-adjusted value of our holdings is maximized by our ownership and effort.