Tech Leaders On a Mission to Democratize Entrepreneurship
DENVER, CO, UNITED STATES, July 26, 2023/EINPresswire.com/ — Mike Gellman and Chris Glodé introduced the launch of their new micro enterprise capital fund, ThingVC, which makes seed investments in firms began by members of underrepresented teams.
Founders from all backgrounds, conditions, and industries can submit concepts on-line at ThingVC.com. After a vetting course of, essentially the most promising candidates are supplied a 5% fairness funding at a $200K valuation. As well as to cash, they’ll obtain the mentoring, connections, and assist mandatory to make their concepts a actuality.
“That is removed from a typical VC,” mentioned Gellman, “our major aim is to a make a distinction, not cash.”
ThingVC is deliberately structured for max influence and quantity. Gellman and Glodé are the one buyers and stakeholders, permitting selections to be made swiftly. All deal phrases are standardized, eliminating extreme authorized and administrative charges. The fairness funding mannequin removes the necessity for the founder to tackle pointless debt and absolutely unites the fund and the founder as a symbiotic unit.
With a $10K funding from his father, Gellman constructed Spire Digital and bought it for greater than $35M. Glodé helped develop MapMyFitness via its acquisition by Beneath Armour, then put all his financial savings into BrandFolder, which ultimately bought for greater than $150M. Now, they need to assist others obtain success in beginning a enterprise.
“Entrepreneurship isn’t accessible to everybody, however it must be.” mentioned Glode. “We’re in search of nice individuals with nice concepts who simply want a shot.”
ThingVC relies in Denver, however open to purposes from all areas all through Colorado and the world.
Extra info: www.thingvc.com
Michael Gellman
ThingVC
+1 303-503-8656
mike@thingvc.com
