Team — Market — Product
GROUP MEETS EVERY OTHER MONTH
EACH MEMBER: 1 VOTE
We screen companies continuously to find the one that will be considered for investment every other month. The three main criteria we look for are:
Because we invest in early, team is extremely important. And in particular for software and technology, we’re looking for capital-efficient companies.
Each member contributes a minimum of $10,000 to each fund. The group meets every other month to listen to one pitch. With each member getting an up-and-down vote on investing, when a majority wins, the entire group makes an investment of $25,000. Decisions are same day, and while we have our own standard documents for investment, we’re happy to use your lead investor’s.
Flywheel Fund is a good fit for startups who want active investors who can help shape operations and strategy. While we don’t take board seats, one requirement is that after the investment, one of our members will meet with and mentor the CEO monthly for the first year and periodically thereafter.