Venture Studio Index - January 18, 2023
A venture studio crowdfunding campaign, a Monte Carlo venture studio model, 5 new CEO roles and 5 new venture studios
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Venture studio news
Nobody Studios, based in Laguna Beach, launched an equity crowdfunding campaign. The deal is structured as a SAFE with a $30mm valuation cap. While the campaign has raised only $236K so far, crowdfunding may have an added perk of creating a network of advisors and scouts incentivized to assist in Nobody’s venture creation efforts. The discussion board has an interesting list of investor questions worth reviewing (press release)
Symrise, a German fragrance manufacturer, invested in Ignite Venture Studios. This is another example of “strategic” LPs for venture studios. Other examples include late-stage VC firms looking for dealflow (e.g., Tiger Global and Fractal Software), PE firms with captive customer relationships (e.g., Apollo/Lifepoint and 25madison). Symrise’s LP investment follows a successful co-investment into one of Ignite’s earlier startups in 2021 (Women’s Wear Daily)
Purpose Built, a New York based venture studio, published a Monte Carlo model illustrating the economic benefit to founders in working with a venture studio (Purpose Built blog)
Rule 1 Ventures, an Atlanta based venture studio, gave an interview analyzing the benefits of an evergreen venture studio fund structure (Morrow)
Marble, a Paris based venture studio, publishes its 12 climate themes of 2023 (Substack)
DESCOvery by D.E. Shaw - Entrepreneur in Residence, Know Your Customer (“KYC”)
High Alpha Innovation - CEO Digital Health, Hospital at Home
“We are seeking a world-class startup entrepreneur for the role of CEO and Co-Founder for our newest company, which is currently in stealth mode (hereafter "StealthCo"). StealthCo is a cloud-based software platform focused on helping hospitals and health systems solve a challenging problem that is growing in prominence, urgency, and potential value - identifying and navigating patients who are good candidates for high acuity, hospital level health care in the comfort of their own home. StealthCo will use clinical and non-clinical data inputs to improve patient identification and manage the workflow from navigating patients from hospital care to home care.”
NLC - CEO, Soteria Vascular
“We're building a venture that develops a novel vascular access device that simplifies the steps of achieving effective and atraumatic vascular access, leading to lower failure rates and fewer complications even when employed by non-experts.
The invention is a novel vascular access catheter that semi-automates and standardizes catheter manipulations. The catheter design lessens the impact of common user errors, prevents vessel trauma, enhances user control, and thereby facilitates greater first attempt placement success and avoids procedural complications. There is already an advanced prototype that can be used for clinical studies.”
Redesign Health - CEO, Hair Health Stealth Co.
“The current marketplace for Ample is highly fragmented and not designed around patients/customers. This is a multiple billion dollar market in spend and is growing. Ample is looking for the CEO to help develop this digital-first company from scratch focusing on end-to-end patient experience within a subscription model to establish lifelong customers who can navigate care which does not exist in the market today. Ample will be focused on clinical excellence, successful patient outcomes and high quality patient experience. This CEO must be driven with the ability to get people to partner with them from various stakeholder groups.”
Redesign Health - CEO, SaaS StealthCo for Healthcare SMBs
“Medical practice owners want to take good care of patients and employees while running their business efficiently; this is increasingly difficult as employee benefit costs rise and retaining staff is harder than ever. 7 in 10 employers in the US expect substantial increases in the cost of health benefits over the next 3 years, and more than 50% plan to address rising costs by using programs or vendors that reduce total spend. StealthCo will procure and administer key benefits like health insurance, support HR workflows with SaaS and expertise, and deliver in-product features and ancillary products built specifically to the needs of healthcare SMBs.”
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See every venture studio CEO role for a list of 50+ active startups in development.
We added 5 additional venture studios and 1 startup to the database, which now totals 396 studios and 1,836 startups.
Note many recently launched studios and startups are still in stealth, so recent years are understated.
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