Hub Ventures and Village Capital are proud to announce that three social enterprises from the Spring 2011 cohort of Hub Ventures have been selected by their peers to receive $75,000 each in seed funding.
The three ventures are: San + Co, founded by Swapnil Chaturvedi; Cloud Currencies, founded by Jon Underwood; and The Hoop Fund, founded by Patrick Donohue.These companies were chosen through an innovative peer selection process pioneered by Village Capital that puts investment decisions into the hands of the Hub Ventures program participants. Funding for each company will be split evenly between the Hub Ventures fund and First Light Ventures. Continue reading
This week Wes Selke, Hub Ventures Director and Investment Manager at Good Capital, led a session that covered due diligence processes and how to keep the momentum going after presenting to investors to increase the chances of the companies raising capital. The due diligence process is fairly complicated, and there is a lot of information that potential investors will want to see.
The workshop covered the important resources to put together to expedite the process such as company profiles, personal references, financial reports, legal documents, etc.
This session was in preparation to Hub Ventures Investor Day, which is coming up on June 16. Continue reading
The Customer discovery catharsis
There is a sublime moment of clairvoyance when an early stage entrepreneur realizes that his approach to starting a new high-growth venture has been wrong. Namely when he comes to understand that he is not building out a new business but instead searching for one. When you’ve given up your job, taken on so much risk and are smack in the middle of the start-up process, this is a very powerful moment of realization that I’m calling the “Customer Discovery Catharsis” in reference to Steve Blank’s famous Customer Development approach to starting up a new company (google his name and Customer Development to learn more). Continue reading
This week in Hub Ventures, we dove into the topic of Leveraging Human Capital: How to attract world class talent to your organization, especially when financial resources are slim. Companies are always trying to figure out how to divide up equity and reward employees in an equitable manner.
The conversation began with Arno Harris from Recurrent Energy talking about his experience hiring various teams, what you are looking for in talent, and how to retain the best people. The topic then switched to a more straight forward explanation of equity structures and some do’s and don’ts to be aware of when offering stock options and equity to employees. One of the biggest points was to be aware of offering percentages, because Continue reading