Selection Policy
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Startups within the BlasT.Club are carefully selected. The selection takes place in two stages: a first selection phase, leading to the validation of the operation by the selection committee, then an audit and due diligence phase, leading to the final validation of the operation by the validation committee.
Selecting the operation
We get over 300 startup decks per month. In order to optimize the selection, we make an initial sorting on the basis of our pre-selection criteria:
A minimum fundraiser of €500k,
An established company,
Founders who are 100% committed to the project,
A proven commercial proof of concept (turnover or ARR (Annual Recurring Revenue) OR a technical proof of concept in the context of a co-investment.
If these selection criteria are met, we conduct a rigorous analysis of the project based on 5 key criteria, which are: the team, its project, the market, the financial elements, and the conditions of the planned transaction.
Blast. management meets with each founder. We also carry out reputation analyses, product tests, competitive and sector intelligence. Finally, if necessary, we involve our expert in the field in question in order to strengthen our conviction.
The investment opportunity is then presented to the selection committee composed of Blast's founders, the investment, operation and legal department.
When the project is selected, the investment department negotiates the conditions of the round with the company. We sign a letter of intent that allows us to start the confirmation phase.
Confirmation of the operation
Before each online publication, the legal department of Blast. carries out a hundred checks on each element that led to the selection of the transaction. She will carry out verifications (due diligence) with the startup but also with its chartered accountant, its bank, its lawyer, its teams and externally, with the state services (URSSAF, taxes).
If errors or omissions are found in the audit report, the operation will not be posted online.
Blast. attaches crucial importance to the transparency and accuracy of the information provided on each transaction. Despite this detailed and systematic analysis, and thanks to a series of technical tools developed in-house, Blast. ensures that the project leader has a maximum of 60 days between the signing of a letter of intent and the payment of funds.