Launch House Launches House Capital To Invest In Startup Founders
Launch House is a private membership community-based in Los Angeles that focuses on supporting and connecting investors, founders and engineers. Its founders, Jacob Peters, Brett Goldstein, and Michael Houck, launched the business in January 2022 to offer a residency program. Since its inception, the company has invested with companies such as Ghost Financial, Coinbooks and Anja Health. Further, the company has invested alongside Paradigm, Y Combinator, Sequoia and a16z.
Launch House announced the launch of its venture, House Capital and a debt fund of $ 10 million. Through House Capital and the debt fund, the company seeks to fund startups and high-growth companies while creating a flywheel since most of the returns yielded from the debt fund will be revenue to the company. Using this revenue, the company will create better experiences and more robust programming for its members. House Capital consists of two funds; the standard venture partnership (506 (b)) and the 506 (c) fund allocation that allows founders to implore investments from other accredited partnerships.
Launch House seeks to create an authentic and deep relationship with startup founders who are community members. The company is shifting from being a fundraiser for startups to investing in promising startups. In every startup the company invests in, the founders will have a lifetime membership in the community, access to digital cohorts, fundraising support and other community amenities, and exclusive retreats and in-person residencies worldwide.
Brett Goldstein states that through the company, they have met inspiring and mission-driven companies and seek to accelerate those missions through the House Capital by solving the problems these startups face. House Capital collaborates with various investors in the entertainment and tech system, such as Riot Games, YouTube, Dropbox, Serena Williams, Peter Hollens and Michael Ovitz. Jacob Peters added that through House Capital, Launch House is well-positioned to grow and support inspiring founders from the community. Visit this page for related information.
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Launch House is a private membership community-based in Los Angeles that focuses on supporting and connecting investors, founders and engineers. Its founders, Jacob Peters, Brett Goldstein, and Michael Houck, launched the business in January 2022 to offer a residency program. Since its inception, the company has invested with companies such as Ghost Financial, Coinbooks and…