Venture Studio Index - September 27, 2022
Venture Studio Index - September 27, 2022
A celebrity backed studio startup, an Engineer in Residence program, a venture studio founded by a teenager, and 9 new venture studios
Interesting articles
Tegus interview with former EIR from High Alpha. Discusses their Engineer in Residence Program: spend six months building prototypes with the option of joining one of the startups as a founding engineer. This is likely a very attractive offer for talented engineers interested in closely working with a number of startups before deciding which to bet on full time. The interview also discusses equity splits, in-house services, and the firm’s Sprint Week process (Tegus)
Northwell Health and Aegis Ventures announce $100mm JV to incubate AI tools for improved patient care. Healthcare is one of the hottest areas of venture studios as it’s a large market ripe for disruption with room for many different startup winners (Fierce Healthcare)
Founder of venture studio, Gateway X, describes how their company, Growth Assistant, reached $6mm ARR in one year (LinkedIn)
A 19-year-old has raised $30mm for a crypto venture studio (Trak.in)
Google lays off 120 workers at its venture studio, Area 120. Google also operates X, The Moonshot Factory, which has launched four companies with greater than 100 employees (WSJ - $)
Twitter thread on whether folks are bullish or bearish on the studio model. Pros include having access to high quality fractional CXOs, and it being the next way for venture firms to differentiate from one another. Cons include founders not being properly incentivized to grind through inevitable challenges (Twitter)
Interesting job descriptions
25madison - CEO of Stealth Celebrity-Founded F&B Company
“We are looking for a CEO to build a new CPG brand, initially launching with a shelf-stable food product focused on healthy-focused international ingredients, in partnership with a celebrity chef.”
This role follows the announcement that the head of Carlyle consumer left to co-found a PE firm with Kim Kardashian. I expect to see more opportunities for celebrities to add value to venture studio and PE investments.
Diagram Ventures - Founder & CEO, New Venture: Risk Team as a Service
“the founding team will receive the majority of the equity in the venture…Our newly created company will supply Fintechs with out-of-the-box specialized services that will give them immediate access to risk and fraud management best practices and ‘playbook’, while also providing them with the highly skilled resources to implement and operate an effective risk department. This will allow them to deliver products and acquire customers quicker and with peace of mind. This business will use a mix of human expertise and tech-driven processes and data intelligence tools to deliver value and scale faster.”
High Alpha - CTO for stealth recruiting startup
“The company will be focused on helping recruiters leverage both internal and external referral networks for hiring top talent.”
Unbundle - Entrepreneur in Residence: RevOps as a Service
“We seek to standardize, productize, and distribute a best-in-class RevOps and GTM architecture solution that gives founders their best shot at bringing their vision to the world.”
Unbundle - Entrepreneur in Residence: Forecasting as a Service
“We’re seeking an Entrepreneur-in-Residence to productize growth planning. Too many founders delay hiring strong analytics/FP&A leaders and instead go without. We seek to standardize, productize, and distribute a best-in-class planning process so that founders can have the confidence to accelerate growth.”
Submit new venture studio roles to jobs@venturestudioindex.com or reply to this email
Database additions
This week we added 9 additional venture studios and 20 startups to the database, which now totals 363 studios and 1,756 startups.
Submit studios and startups to data@venturestudioindex.com or reply to this email