We invest human capital + money
Research shows that the biggest asset that venture capital investors bring is their human capital. We take this thesis to the extreme.
Our lab-like model infuses each portfolio startup with a team of product and growth specialists that works alongside the founders, in weekly sprints, to iteratively implement and test product and marketing enhancements.Â
Advice is nice, but we have found that working alongside founders and showing them how to hone in on product-market fit and optimize their distribution enhances execution and better builds internal capacity.
Incremental Investment
Beta Boom invests incrementally through a two-stage competitive model:
- Stage 1 – $50K investment and a one-month, in-person growth program in Salt Lake City.
- Stage 2 – $150K investment in the top one-third of the teams coupled with a five-month growth program that occurs mostly virtually.
The top third receives an additional $150K and teams continue to work with product and growth coaches. We also help each startup develop their pitch to seed-stage investors and make tailored introductions to hand-picked venture capital firms and angels in Silicon Valley and beyond.
Who we’re looking for
Our startups are chosen from an open application process. Our focus is on for-profit startups that are building a high-growth, software business. Many already have a prototype or product in the market. Above all, we seek to support deeply committed founders that are solving a massive problem.
There are three critical characteristics that we seek out in our teams:
Creativity
We look for teams of entrepreneurs with exceptional imagination that have a product, prototype, and vision of their product that addresses a real, pressing challenge.
Grit
The startup journey is not for the faint of heart. You need incredible grit and cleverness to both weather challenges and find imaginative solutions to overcome them.
Expertise
We want to see that you have extreme market knowledge, direct experience and a reasonable plan for developing a product and building your business.Â