The membership community of Launch House, which connects and supports top entrepreneurs, announced the launch of its venture arm, House Capital. The $10 million fund will focus on supporting early-stage and high-growth companies within the community.
The launch of House Capital will help support Launch House by creating flywheels. Most of the returns from the fund will go to the organization. This additional revenue will allow it to create more compelling programming and improve the experiences of its members. The goal of House Capital is to build on the company’s relationships with its founders. It was founded by Jacob Peters, Michael Houck, and Brett Goldstein.
Through its partnership with prominent investors, such as a16z, Y Combinator, and Paradigm, House Capital has been able to support some of the most successful companies in the community. Upon joining the community, founders of companies that House Capital supports will have access to various perks, such as in-person retreats and fundraising support.
According to Michael Houck, the co-founder and GP of House Capital, the company’s decision to support early-stage companies was made because of its strong relationships with the founders. He noted that the organization had already been helping its members raise funds.
Since it was founded in January 2022, House Capital has supported several startups at the Pre-Seed and Seed stages, such as Coinbooks, Ghost Financial, and Health. In just a few months, many of its portfolio companies have raised additional funding at higher valuations.
According to Goldstein, the co-founder of Launch House, there are many inspiring companies that the organization meets through its community. Through House Capital, they can accelerate their efforts to solve real-world problems.
Unlike other venture capital funds, House Capital is also made up of two separate funds: a standard partnership and a vehicle. Through these two funds, the company can solicit additional investments from smaller, more accredited investors. As a result of the company’s community-driven approach, House Capital is not the only one to take advantage of the crowd’s support to fund early-stage companies. See this page for more information.
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