Lehman Brothers Venture Partners typically invests in late development through early expansion stage venture companies, where the underlying investment risk is related primarily to "business execution" rather than "technology development." In most instances, customers will be engaged to some degree with the product or service, either in the form of commercial deployment, product trials or requirements identification and validation. In evaluating investments, Lehman Brothers Venture Partners generally focuses on the evaluation of market adoption, competitive advantage, managerial ability, strategic partnerships, sales channels and other elements of business plan execution.

Lehman Brothers Venture Partners looks to invest, on average, between $8 million and $12 million in each portfolio company. However, investments as little as $3 million and as much as $20 million may be considered according to the individual circumstances of an investment prospect. In evaluating the suitability and size of a prospective investment, Lehman Brothers Venture Partners relies on a set of well-established criteria, as illustrated below.

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