In short, unless you make a ton of cash, we don’t make a dime. So you need to win, big. That would be super.
We want you to confide in us all the shady shit you ‘allegedly’ do, that you would never tell an investor. That doesn’t happen if we are actually… investors.
We don’t run a batch program for 3 months. The lame $15,000 or so they offer is for living support to be in their city.
Investment is a commodity, active support is rare. 50Folds gets an equity incentive from you only because we are aligned to help you deliver results, and you pick us. We will help you raise money, real money… not $15,000.
To be clear, our incentive is also half of that of a 3 month program.
Talent is everywhere. You don’t have to be in San Fran to ‘be cool’ to us.
Our focus is predominantly in regions where we have the most network, such as across Asia and Europe. Emerging markets are the primary focus, but we want to find talent with bat shit crazy ideas and the balls to make them reality.
# Funding: We will go through the entire process with you, from writing a deck to signing the definitive documentation. We will do this for several rounds of funding.
# Dedicated partner: You get a partner (co-founder) who will go through the whole journey with you. This is an intimate relationship of trust. It’s the only person you might want to call and confide in.
#Strategy and scaling: We will work with the CEO and executive team to ensure you have the right business model, strategy, focus and get training on areas you are deficient in.
# Network: We have a 100 mentors on the site, but our network is pretty legen… wait for it… dary
We want to get to know each other before we mutually decide to partner up first. To be clear, we do not do a hard sale to close you. Founders need to ask to join not the other way around.
We’re going on a long voyage together, it has to be based on a relationship of trust. If you don’t trust us, run Forrest, run!
We’ve been in the game a long time and know a lot of people. Shady people don’t last long in this world. We intend being around for a long time, so if we don’t help you the word will get around.
So no, we don’t run batches.
Startups don’t run on a time table, so we don’t either.
To be clear, we don’t accept many companies though.
There is a web form in the Apply tab, or you can find us on LinkedIn.
We would of course prefer you get an intro to us from someone respected, but are aware not everyone has the network yet, so don’t stress.
But really, this is the wrong question. We focus on figuring out what your issues are and how to solve them. If your team can’t fix them, then our mentors support you, or we hustle the right people through our network for more specialty stuff. There are very few people we can’t access (if you are doing cool stuff).
In short, it’s 4% of equity of the same shares founders have (i.e. no special conditions).
We have a high bar. We are as selective as you should be too. We want to make sure this will work.
Reach out to us and we will quickly filter if these is a possible fit. Ideally we want to see your product and deck to evaluate.
We organise an hour call and will get into your strategy and business model in a lot of detail. Typically you will get some great learnings from it. After an hour, you typically make a call that you get the value and would be interested in joining.
If you aren’t sure, we organise further calls, maybe with more people on your team.
Assuming we are both eager to go ahead, we sign a template advisor agreement, then full steam ahead. Choo choo!!