The Founder-Friendly Accelerator
Launchpeer Labs speeds up the time to success for entrepreneurs with innovative ideas. We provide the initial funding, talent, and partnership to get you from napkin sketch to viable business model as quickly as possible.
We'll Partner With You...
Once you become a Founder-In-Residence, we'll provide up to $50,000 in seed funding. This gives you access to our entire team of designers, developers and growth hackers for as long as it takes to get you follow-on funding of $100-500K. In exchange we ask for 30% equity and a $50,000 promissory note.
...Build Your MVP...
We've worked with over 200 startups around the world, so we know a thing or two about building a great MVP. We focus on getting you paying customers quickly with the least amount of effort possible. Sometimes that's a web form, and sometimes that's a mobile app. Whatever it is we'll handle it.
...Get You Traction...
From the MVP we'll build a MDP (Minimum Desirable Product). We'll focus on going from something people simply want to pay for (MVP) to something people need to pay for (MDP). At this point we'll also focus more on branding, messaging and marketing opportunities.
...& Finally Let You Fly.
By now we've worked together to build a great product, validate your business model and get paying customers. We'll work to get you between $100-500K to rev your startup's engines. At this point we'll consider you 'graduated' from the program with a viable business that has enough funding to keep growing.
OUR TEAM IS INVESTED IN YOU (LITERALLY)
Each Launchpeer team member gets vested in equity from the Labs accelerator. This ensures that all of our developers, designers and growth hackers are truly invested in your startup's success.
Joined January 2017
Funding to Date: $50K
MDP Launch Date: May 2017
How To Join
We have a two part application process. First, you'll complete the application before. If we feel you're a good fit based on our internal criteria we'll schedule an interview with you.
The 1 out of 10 startups whose applications are approved will have the chance to pitch their idea at our monthly Launchpeer team meeting where our company and our investment partners will choose who to accept into the program (if any).
If you're approved into the Labs program you'll become a Founder-In-Residence, meaning you're a member of our team. You'll join us at our office daily, working on your startup with us as your co-founder.
What kind of startups are you looking for?
We prefer technology focused startups with 2-4 team members. We also want the team to have a clear path to obtain revenue from day 1 of launch, as opposed to relying on funding to keep the business alive.
How do you ensure I get follow-on funding?
Our process of building great startups is very attractive to investors, and we've worked hard to add over 50 angel investors and a handful of VCs to our partner network. They're heavily involved in the application process, and also have helped us define the milestones our startups should complete during the program.
Do I have to live in or move to Charleston, SC?
Yes. Although we'd love to uproot our office and come to you it's much easier to have our Founders-In-Residence come to us. We'll ask you to move to the area for at least 1 full year upon acceptance into the program. Don't worry, we help with this process too.
How long does the application process take?
We review applications on a rolling basis. If you apply and we feel you're a good fit to move on to the next stage we'll notify you within 1-2 weeks. After that we'll have you Pitch at our monthly team meeting and if you move on from that round we'll accept you into the program within 1-2 weeks.