Things to remember from LAUNCH FAQs
by Joe · 16 things on Twos
- Why go to the LAUNCH accelerator?
- The "Goldilocks Zone" for consumer products is 3k+ DAUs with 5%+ w/o/w growth
- Program sessions
- $100,000 cash for 6%. We don't negotiate the terms due to the immense value the program creates.
- If these terms don't work for you, when you hit $25k/month in gross profit for 3+ months, growing at 15% m/o/m, we might want to invest via the syndicate
- LAUNCH has the option to invest $500,000 or up to half of the next round of funding in all accelerator startups.
- In a class of seven we typically close rounds (or lead/co-lead) for four or five of the startups, taking between 20-50% (of the round?).
- Launch is an accelerator, seed fund, and syndicate by design
- Our goal is to invest in founders and their startups three to four times along their journey from accelerator to seed round and into their Series A and sometimes even their Series B.
- Like they did for Rapportive and Superhuman
- Our goal is to have 10-20% ownership in startups we invest in over time.
- Typically see ourselves participating in three or four rounds of funding, which increases our ownership from six percent to ten, and then to 15 or 20%
- But we're not obsessed with it since we owned well under 1% of Uber and that worked out well.
- Virtual first program
- One of the main goals of the LAUNCH Accelerator is to have you pitch to over 500 investors over 14 weeks.
- This will be cohort #26