In 2020, the Founder Institute launched ‘VC Lab’ to help new fund managers launch venture firms across the globe. Here are some stats after one year into this journey:
– 75 venture funds launched
– Over $100m+ raised from LPs
– Average time to first close is 5 months
– 57% of participants did not have prior VC experience
– 59% of funds are based outside North America
– 77% of funds are focused on Seed Stage or earlier
– Funds have invested in 100+ companies
We are now looking for the next generation of fund managers for VC Lab Cohort 4. Anyone serious about launching an accelerator, venture builder, or VC firm is welcome to apply at https://FI.co/apply/vc/li. The Deadline is Sunday, July 18th.
The VC Renaissance is underway. Every major city needs a thriving VC ecosystem, and we are here to help. #venturecapital #funding #angelinvesting #entrepreneurship #investment