Financing Details

Many investors claim to offer "day 1 capital" but what does that actually mean? In practice, it usually means investing in early startups that have multiple co-founders, a MVP and revenue traction.

We have a different perspective. We believe that investing at day 1 means being the first check for a founder at the earliest possible stage, including pre-idea. We’re investing in founders rather than their companies, to help founders bridge the financial gap between leaving a day-job and successfully closing their first raise.

We're able to offer a founder salary at day 1 through a proprietary convertible loan structure (the “R6 Note") . As a result, our assessment process looks a bit different from other VC funds, as we take into consideration both the founder's startup-related attributes (e.g. founder/problem fit) as well as the founder's creditworthiness.