Just because we are in an economic recession, it doesn’t mean you can’t be doing well. A few weeks ago I invested money in a venture fund called the Founders Co-op. Currently we are looking to invest up to $250,000 in multiple companies who are based in Seattle or looking to move up there (there is no state tax in Washington).
Here is what the Founders Co-op can offer you:
- Money – with capital you’ll be able to grow your company.
- Expertise – unlike most venture funds, the Founders Co-op isn’t made up of finance people, instead we are all entrepreneurs. Because of this you will get advice from people like Ben Elowitz who co-founded Blue Nile and took it public. Or Andy Sack who founded three Internet startups and sold them (the first company was bought by Acxiom, the second was bought by the New York Times, and the third was bought by Microsoft).
- Networking – meeting random people on a regular basis is easy, but meeting people that can help your business grow is hard. Through the Founders Co-op you will get to meet the right type of people.
I know this may not sound attractive to you, but this is truly a once in a lifetime opportunity. The people in the Founders Co-op changed my life. They took me under their wing and helped grow my companies. Not only did they give me business advice, more importantly they are good friends who are always looking out for my best interest.
Update 1: If you need any help or have any questions, feel free to leave a comment.
Update 2: If your company needs more than $250,000 you can still apply for funding from the Founders Co-op. In many cases the Founders Co-op will still fund you, but through our network we will bring on other investors to participate.
Update 3: Whether you have a new business idea or an existing business, you can apply. This opportunity is for anyone.
Update 4: For those of you who are wondering about my involvement with the Founders Co-op, I am pretty much a Limited Partner. All this means is that I invested money in the Founders Co-op. I am not involved in the daily operations, but I have some say on what companies get funded. I also will do everything in my power to make sure that the companies we fund are successful.