What is 18th Floor Ventures?
We are a hybrid accelerator, angel investor and technology team. We focus on creating sustainable businesses that are driven by great products.
What kind of companies do you like?
We like companies that are lean, capital efficient and capable of generating the first dollar of profit in under 6 months.
I have a great idea. How much money will you give me?
Great ideas are easy to find — great teams are not. We invest in a team first, idea second. If you have a great idea and some degree of access to the market with which you can validate your idea, we’re interested. How much depends on how much traction you have, among other things.
What if my idea isn’t the next Facebook?
We’re interested in creating sustainable companies, not necessarily creating The Next Big Thing. We like ideas that deliver a real, tangible value to the market and do so profitably. Many companies are launched and profitably exited without ever achieving the notoriety of a Facebook.
What resources do you provide?
- Access to capital
- Access to product and technology teams
- Access to a team comprised of success across dozens of startups
- Access to markets to validate your idea, the product and to establish a base of early adopters
Do you provide office space?
No. We are not an incubator, though certainly we welcome our offices for meetings as necessary for our portfolio companies to collaborate with teams and prospects.
What do you mean by a technology team?
We’ve found that one of the greatest risks an early startup faces is in organizing resources to deliver a Minimum Viable Product (MVP) to the market. To eliminate this risk, we leverage our resources covering dozens of successful startups to rapidly deliver the MVP to market with the potential to iterate as quickly as possible to insure product-market fit.
What do you require from us?
Dedication. Dedication comes in many forms, but first and foremost we expect time commitment. With the amount of resources we put behind a startup, we expect entrepreneurs to be at the table with us, working through challenges and doing whatever is necessary to reach success.
What’s in it for 18th Floor Ventures?
18th Floor Ventures takes a stake in its portfolio companies, the degree of which varies greatly depending on the current state of the company. If you’re pre-revenue and no product, the deal structure will vary greatly relative to a company that’s generating revenue and working on version 2 of the product.