FI co-founder Jonathan Grechen described it as an attempt to bring “alignment” to the startup ecosystem.
“The thinking here is that if we can connect startups and funding ecosystems to impact, we can build companies that are truly positive for humanity,” Gretchen said.
In fact, FI has already conducted two sessions of the VC lab, one in the spring of last year (Grechen compared to a minimally viable product) and one in summer-fall (which he compared to the beta test ). Deadline now Applicable For the next moment is coming on 14 February.
Grechen said the 48 funds originated from their most recent cohort and they are on track to raise a total of $ 100 million in the first quarter of this year.
While many of those funds are still in the process of fundraising and are yet to be publicly disclosed, they said that one-third of those funds are being created by partners of the undergraded background and half of them More focused on impact. And he pointed High speed enterprise A $ 3 million fund targeting startups in Sub-Saharan African – as a firm to support VC Lab.
“What we found was that these new fund managers have a lot of issues that new entrepreneurs have,” Gretchen said. “They don’t really understand the sequence of steps to remove them from the ground.”
VC Lab is meant to help understand those steps, including a curriculum that includes webinars, virtual office hours, and conversations on Slack. Participants must also be taken The menaceous oath, Including many who attempt to “help them create positive results for all of humanity” and resist “any misuse of power that leads to unfair advantage, inducement, corruption, or abuse” Committed to values.
The program is free, although participants can also pay $ 500 for access to “premium office time”. The founding institutions / VC labs are not participating in funding financially.
When I asked about the business model, Grechen said, “We are not necessarily seeing this as the next phase of our business. We are promoting this community of people building interesting and influential companies, and Now we are making sure that we build a correlated community of people financed to influential companies. It is not for charity, but the long-term benefits that we see for all our graves. “