We believe that there is a mismatch between the economic capacity of a large number of ex-military people and the employment they undertake in their civilian careers. We believe that many of those who leave the Armed Forces are better suited to being entrepreneurs than they are to being employees. This represents a major investment opportunity providing a win-win situation for individuals and our country.
At Reboot Ventures, we believe that, after a period of time working to demonstrate the viability of their business, the ex-forces entrepreneur is well suited to being venture capital backed, provided that the same stringent assessment criteria is applied as would be for any venture-backed business. This means being selective about the businesses taken forward for investment, reviewing, amongst other things, team, business model, competitors and market opportunity.
Our innovative focus on ex-military will take an under-supported and under-resourced group of capable entrepreneurs and show society that they outperform. The first ever venture capital firm, American Research and Development Corporation, had the same investment basis and both made money and benefitted society via its investing.
General Patraeus on ex-military leadership
Gen. David Petraeus, the man in charge of U.S. forces in Iraq and Afghanistan, explains the advantage of using ex-military personnel.
"Tell me anywhere in the business world where a 22- or 23-year-old is responsible for 35 or 40 other individuals on missions that involve life and death," he tells Fortune. "Their tactical actions can have strategic implications for the overall mission. And they're under enormous scrutiny, on top of everything else. These are pretty formative experiences. It's a bit of a crucible-like experience that they go through."