Two years after launching the Weekend Fund, Product Hunt founder Ryan Hoover is back with a $10 million second fund to invest in -- and help create -- more early-stage entrepreneurs.
the Weekend Fund, a $3 million fund for backing early-stage startup companies. Now Hoover is back with a second $10 million fund – and a promise to practice what he preaches by testing new ways for investors to help entrepreneurs.
The second Weekend Fund will seek to write $100,00 to $200,000 first checks in about 40 to 45 companies, Hoover says, at the pre-seed or seed stages – whenever a founder raises their first meaningful funding round.
Their signature experiment so far is Weekend Build, a program that supports would-be entrepreneurs working on projects part-time. Ten projects were selected out of 650 applications to join a Slack community and commit to hourly weekly virtual standups on Sundays with Hoover and their peers, as well as gain access to targeted office hours with Weekend Fund’s network of about 400 advisers.
Whether the split focus is producing competitive results is hard to tell after just several years of investing by the fund. Of 40 investments made by Weekend Fund’s first fund, 18 have raised subsequent funding at a higher valuation; one, Spectrum, has exited by sale to GitHub; none have shut down.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Netflix's 'Devil Next Door' Follows Decades-Long Hunt for Holocaust Killer Ivan the TerribleNetflix's Devil Next Door Follows the Decades-Long Hunt for Holocaust Killer Ivan the Terrible
Lire la suite »
India's Paytm raises $1 billion in fresh fundingIndian digital payments company Paytm said on Monday it has raised fresh funds f...
Lire la suite »
SoftBank-backed Paytm raises $1 billion in fresh fundingIndian digital payments company Paytm said on Monday it has raised fresh funds f...
Lire la suite »
CVS Pharmacy Black Friday deals on Disney, Xbox, fragrances and moreCustomers can also earn $10 in 'ExtraBucks' or a $10 CVS Cash Card when they spend $30 on qualifying in-store and online purchases
Lire la suite »
NFL's Jake Ryan Claims Injury Insurance Owes Him Millions After ACL TearRyan says an injury insurance company is trying to weasel its way out of paying him MILLIONS after a 2018 ACL tear.
Lire la suite »
Half a million pounds of pork products recalled after anonymous tipCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Lire la suite »