| HBS Case Collection
(Revised from original 1999 version)
Adams Capital Management: March 1999
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;
Goals and Objectives;
Financial Services Industry;