For Generation Z and millennial founders who want to level up and do more, there are some great initiatives that can help. Launch House is a new concept in acceleration that’s designed to give founders and entrepreneurs help that lasts more than just a few short months.
The goal of Launch House is to be a true community for startup founders, where they can make connections, get the support they need, and develop their ideas more fully.
According to co-founder Brett Goldstein, “Leveling up is obviously all about helping you achieve your business goals, career goals, and all that stuff. But living better is about mental and physical health. It’s about personal fulfillment.”
When founders and entrepreneurs come to Launch House, they’re immersed in a residency program in which they work with others and become part of a community. Not only does that help them meet other startup founders, but it also gives them opportunities to develop their ideas and concepts more thoroughly.
Gathering bright minds who can shape the future is a focus for the founders of Launch House. The co-living arrangement and peer support groups are revolutionary ways to make things easier for startups preparing to seek funding.
Not everyone who petitions gets accepted to the Launch House program. The entrepreneurs who apply generally need a clear concept and good information about their target market and the solution they provide.
Anyone can apply on the website, but many applicants are referred by people who are in the program or who have been through the program in the past. Those who get accepted have the option of in-person opportunities or a residency based online.
According to Goldstein, “Historically what that has meant is that you are admitted to an in-person or online residency program. You would arrive at the house, and you’d live there for a month and participate in a handful of activities in the evenings, but mostly kind of co-working and hanging out during the day and just vibing, community building with the other founders around you.”
Among the most important incentives Launch House offers is helping founders and entrepreneurs prepare for fundraising. Startups need capital to get going, and if they aren’t getting what they need, they might flounder even if their ideas are good and their products or services are valuable.
Knowing how to fundraise correctly — and having connections before starting that process — can make significant differences for founders and their level of success. One of the ways to make the process of fundraising a startup easier is to take networking out of the equation.
Launch House doesn’t use that word for what they do, largely because networking is something that’s considered very transactional. Goldstein and co-founders Michael Houck and Jacob Peters aren’t looking for that transactional experience. Instead, they’re looking to build a mutually supportive community of people.
Recently, Launch House started up its venture arm, called House Capital, with a debut fund of $10 million. This fund is designed to back companies that are starting up and are anticipated to be high-growth businesses, whether they’re part of the Launch House community or not.
Returns from the fund will go back into Launch House for the most part, helping the community continue to grow and expand. That, in turn, will benefit additional Gen Z and millennial founders looking for community support and enrichment.
When a startup gets help from the fund, its founders also get lifetime memberships to Launch House and access to all the amenities it offers so they can continue to work with others and build on initial success.
With Launch House helping teach startups how to fundraise, it’s a logical progression that it’s now doing some of that investing itself. Building the future is essential to Launch House and to the startups and investors who are a part of it. Together, they can all do more.
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