منشور Platform Venture Studio

How Platform Venture Studio operates in numbers – interview with the founder Jeremy Burton: – Started with $1.5M of initial capital, then raised an $11M fund. The studio typically invests about $500K per startup. – Focusing primarily on marketplace businesses, the studio has launched 13 startups, with 8 securing external funding of $15M+ (total). – 4 stages of developing startups that take 1-2 years: 1) identifying unmet needs & due diligence of the problems/ideas – without founders, 2) attracting founders for a 6-week program driven by design and user research, 3) 6 weeks to build a Minimum Awesome Product + 4-12 months of growth sprints to prove the unit economics, 4) grow revenue & get external seed funding. – Each year, around 400 potential founders enter their selection process – they start working with 5% of them (on stage 2), then only 50% move to stage 3, and then 75% move to stage 4. – What Platform Studio looks for in founders: 1) Coachability, 2) Grit, 3) Empathy / EQ, 4) Generalist scrappy smarts. – The studio takes 40 equity and pays founders ~50% of the prevailing wage for early-stage founders / CEOs in their region. – Launched during the pandemic, Platform has been fully remote, maintaining a full-time team of 13 covering 4 areas/values for each startup: 1) product development & design, 2) growth, 3) talent, and 4) finance. – Platform has developed a great source of ideas, launching Platform OS, a marketplace for startup ideas with over 70,000 members. – Dual-entity: a holding company + a fund (LLC). The capital is mainly from family offices. The majority of the capital in the fund is used to pay the studio to build start-ups, and the fund gets equity in those startups in return. Super bonus from Jeremy Burton: a 26-page Founder-in-Residence Syllabus on 10 top Cognitive Biases – one of the documents of Platform Venture Studio. Comment "+" to get it for free. Watch the full episode: https://lnkd.in/dn6kxhjx Charles Donnelly, Brett Wischow, Carol Alexander, Daniel Leal-Bruce, Elizabeth Kamayangi, Josh Burkwist, Kristi Koistinen, Lissette Arias, Luciano Giannini, Patrick O'Shea, Tim Connors, Anthony Whitaker, Ayden Syal, Brandon Wimbush, Brian Taylor, Derek Snook, Eri O., Iesha Magallanes, Jada Mclean, Molly Hanten, Rilwan Lawal 👋🏾, Saurabh 'Jas' Jaiswal, Pablo Cruz Pou