Hackers and Founders looks for startups through its distinct and global network. It has held its events in 47 nations and 128 cities. The deal flow of H/F only comes from continuous engagement with thousands of developers, professionals, and tech founders across the globe.
Startup companies are referred by the members of Hackers and Founders community who are spread across the world. Organizations in diverse areas like mobile, cleantech, web, fintech, blockchain, hardware, and healthcare apply to become a member of the Hackers and Founders’ program for startups. It is particularly looking for performance, grit, and talent and is also aware that partiality can make the picture unclear. This is the reason why the applications of Hackers and Founders’ startup program are blind.
Age, race, sex, and other identifiers are not covered in the company’s program. It means that the performance of every startup will be evaluated on the basis of potential and merit instead of making judgment on the basis of past achievements.
In the Hackers/Founders program, founders are allowed to talk to the investors before actually becoming a part of it. It is an indispensable opportunity offered to the applicants to learn about fundraising, market, and usability. This program looks for investors from a record of more than 3000 family office managers, venture capitalists, angel investors, financial professionals, and institutional investors who invest their time. If you want to know more about this program, then read its whitepaper.
Interviews take place in the form of video conferences or personal meetings. After that, investors inform their scores to Hackers/Founders. If a company makes a good score, then Hackers/Founders will have a conversation with the founders and discuss whether their company is a good match for their startup program.
Hackers and Founders has a community-based selection procedure that translates high quality startups into H/F programs. Unlike other programs, Hackers/Founders itself changes its programs to meet the requirements of every startup. As a result, the Hackers and Founders’ portfolio has 7 exits out of 55 companies.
Hackers and Founders has 4 funds currently that will be tokenized to a particular proportion through HACK. Once HACK starts investing the funds it generated through its token sale, equity from such companies will be kept in the same entity. All the portfolio firms that are receiving the services of investment and equity from HACK are going to be serviced by the portfolio services of Hackers and Founders.
There are many people who have given their contribution in the formation and development of the Hackers and Founders program. Mr. Jonathan Nelson, the Chief Executive Officer of Hackers/Founders and the Managing Partner of HACK, helped this platform to reach the market cap of 600 million dollars in the initial five years. Ms. Laura Nelson, the General Partner of HACK and Chief Customer Officer of H/F, came up with the startup curriculum for portfolio organizations. Additionally, she conceptualized the curriculum for many networking and educational events.
Moreover, Mark Gatierrez, the General Partner and Director of Hackers and Founders, has expanded the startup program to Latin America. He has been making efforts to further expand the reach of the Hackers and Founders program.