Mostly the United States, Canada, and Southeast Asia. We are starting to make some selective investments in Africa and Latin America as well.
We are software generalists and don't favor particular verticals.
The vast majority of our portfolio companies are in B2B, fintech, digital health, and a little Web3.
As a small fund, we tend to shy from sectors that require a lot of capital raising to get going. As a result, there tends to be a lot of SaaS in our portfolio.
Fund I is $11.5M.
Fund II is $33.6M.
Fund III is $46M. (current fund)
We invest in pre-seed rounds. Not seed. Not post-seed / mango seed. Pre-seed.
We may occasionally invest as a follow-on investment into a Series A round in existing portfolio companies. However, our initial investments are at the pre-seed stage.
We are not an accelerator program, in the traditional sense, but we like to work with our founders to add value where we can - especially by leveraging our network in the Silicon Valley and with the growth programs that we offer our portfolio companies.
Our first check is $150K.
We are very comfortable setting terms and being first check into your company! But, because of our small check size, we won't be putting in the bulk of money in your round.
If you have an existing lead, we will evaluate the terms of the round that are already there and decide if we want to invest alongside the lead.
Most of the time, founders can expect to receive a response from us between 24 and 48 hours after having a call with us.
Nope, unfortunately we can't.
We are always looking to accept applications from diverse and nontraditional founders (and encourage all submissions that fit our investing criteria above). However, Hustle Fund is not a diversity fund. We invest in companies based on a startup’s business model / unit economics and the hustle of the founders who lead these companies.
We do not invest in deep tech, most hardware, pharmaceutical or medical device companies, art/film projects, land, restaurants / physical retail or traditional brick and mortar small businesses.
We were once pitched an opportunity to invest into a tropical island, but unfortunately had to decline.
Definitely Elizabeth.
We send out one email a week that covers tactics for startups.
Topics include things like... fundraising tips, customer acquisition tactics, strategies for scaling your business, and case studies from real companies in our portfolio.
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Our sweet spot is for companies that have built at least a minimum viable product (MVP).
Yep, always.
We pace up to 100 investments per year.
Yes.
