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Definition: Evergreen funds

on April 23, 2014

Definition: Evergreen funds

Evergreen funds are a more patient alternative to venture capital funds. They reinvest profits into new investments. Evergreen funds are more focused on longer-term, sustainable growth than quickly flipping companies.

Evergreen funds don't always come up in conversations about funding sources, but you've probably heard of at least one of them: Warren Buffett's Berkshire Hathaway. Another example is the JumpStart Evergreen Fund, which invests seed capital in companies from a variety of industries located in northeastern Ohio. The fund seeks high-potential, innovation-oriented companies with unique, breakthrough and protectable ideas that have potential to serve at least a $1 billion market.

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Definitions are a weekly feature on eMed for current and aspiring healthcare entrepreneurs.

Category:  Creation  Tags:  Definition, evergreen funds

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