Case | HBS Case Collection | April 1999 (Revised November 1999)

Adams Capital Management: March 1999

by G. Felda Hardymon and Bill Wasik

Abstract

On February 24, 1999, the advisory board of Adams Capital Management convened for its quarterly meeting at the firm's headquarters. One point on the agenda: whether or not to proceed with due diligence on an investment in Three Points, a maker of Internet-based team management software for softball teams. Adams Capital had developed and raised their fund on the basis of a strict set of guidelines for conducting the business of early stage venture capital. But now, with Three Points, the firm was confronted by a seemingly attractive investment that fell far outside its stated focus.

Keywords: Venture Capital; Governing and Advisory Boards; Management Systems; Investment; Goals and Objectives; Financial Services Industry;

Citation:

Hardymon, G. Felda, and Bill Wasik. "Adams Capital Management: March 1999." Harvard Business School Case 899-256, April 1999. (Revised November 1999.)