Early Stage Capital for Scalable Nevada Start-ups
An Early Stage Venture Fund for StartUpNV Companies
Incubating Scalable Nevada StartUps Since 2017
Our state-wide incubation and mentor program is unrivaled in one of the fastest growing economies in the US. Our weekly private sector and university pitch days attract the brightest talent in Nevada. StartupNV attracts the most founders and the best startups in Nevada.
Founders
Learn more about raising money and attracting mentors for your company
Investors
For Accredited Investors seeking lower risk and higher returns in an early stage fund.
University | Government
For those seeking economic opportunities in private + public partnerships
Making an Impact in Nevada and the World
Portfolio companies have a months-long track record of performance working with StartUpNV prior to being considered for an investment. All companies must meet or exceed established goals and garner the endorsement of their mentors.
Consistently Robust Deal Pipeline
Through our affiliation with StartUpNV, FundNV sees the most consistent pipeline of scalable, early stage startup opportunities within the state of Nevada. Our pipeline of start-up companies, founders, and mentors in both the private and university sectors is the most robust in Nevada. Here’s what StartUpNV has seen from Q3-2017 opening thru Feb-2019.
Pitches
StartUp Members
Companies Funded
Capital Raised ($M)
Learn More
If you want to learn more about how our fund works, please fill out the form below. Our philosophy is to put as much capital to work as possible, minimizing fund expenses and early stage risks. Some basic facts are noted below. For other general questions, please see our FAQ.
- Low Management fees @ 1%
- Low Carried interest is 5%
- High Success – Invests in startups exceeding goals over 90+ days
Featured StartUpNV Companies
The companies below are members of StartUpNV – and are featured as examples of the types of companies in the program. None of these companies, their founders, StartUpNV, nor FundNV are soliciting investments in the fund or in these companies.
evidence-based veterinary point-of-care
Complex Schedules, Simply – in Seconds
Subscription Underwear for Women of all Shapes & Sizes
FundNV Invests
In known founders w/ momentum and proof.
- multi-month proof: meet / exceed goals
- up to $50k: 1 or more tranches
- 2 yr note: 8% interest | 20% Discount | pre-money cap
- non-negotiable terms = low doc costs
Investment Committee
A three-person investment committee (IC) is responsible for investment decisions. To qualify for funding, there must be a unanimous decision among the IC. Per FundNV bylaws, the IC must run a minimum of four pitch / investment cycles per year. Ideally, we will run 10 investment cycles per calendar year with decisions made on a monthly cycle (excluding August and December). COVID-19 restrictions and fallout will slow our pace in 2020, with the target to be fully back on pace by 2021.
Investment committee members are appointed to off-set two-year terms by the StartupNV board.
Documentation for investments, LLC formation, SPV’s and other administrative activities are conducted by our administrative partner, Assure. FundNV charges a 1% management fee and low carried interest of 5% paid to StartUpNV for general administration and pipeline management. There are two open positions for the 2021 investment committee. See the Investor Deck for more information
Stephen Hurst
IC Chairperson
Bill Slikkerveer
FundNV Org Committee
You Here?
IC Member | FundNV
Founders say
“The Mentors are awesome. The feedback and experience is direct and relevant. StartUpNV and FundNV are really needed for startups like ours”
Alvin Tanpoco“Lots of relevant support when needed for female founders. StartUpNV helped us make necessary introductions within the Nevada community as we prepared for and successfully raised capital, and was a good sounding board as we strategized on our raise and investor outreach”
Julie ArsenaultShare Pricing & Timing
Informational Only – Not a Solicitation to Invest
FundNV is formed as a Nevada LLC, open only to accredited investors (no Nevada residency requirement) and is administered via a Assure.co ‘s “Glassboard” platform and Silicon Valley Bank. Minimum LP (member) investment is $10,000 for 2 fund units. Additional units are $5k each. Commitments are made via email or verbally, then documented in the Glassboard platform prior to investment.
Investors will be asked to sign a standard Assure.co administered investor agreement and fund 50% of their committed amount. The balance of the investment commitment will be called when 50% of the initial funding amount is invested (estimated to be in early 2021).
Fund minimum is $500,000 and will close to additional investors on March 31, 2021 or when $1 million (fund maximum) is committed, whichever comes first. Prices noted below are noted in 000’s of dollars.
See the Investor Deck for more information
Limited Partner
Minimum Investment- Limited Partner | Accredited Investors Only | Self Accreditation
Additional Units
up to 15 per LP- Limited Partner | Additional Units | $5k per additional unit
Foundation LP
Foundational Investor- Foundation Limited Partner | IC Committee Nomination | Limit of 3 Foundation LP’s
Contact Us
450 Sinclair St, Reno, NV 89501
300 s. 4th St., #180, Las Vegas, NV 89101
+1.775.393.9701
info@startupnv.org
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