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General Information

Websitefounderscoop.com
Email
Employees2
Founded3/08

Funds

Total$10.5M
Fund II, 1/12 $8M
Fund I, 2008 $2.5M

Offices

People

General Partner
Limited Partner
Limited Partner
Limited Partner
Limited Partner
Limited Partner
Limited Partner
Limited Partner
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Tags

venturefund, investment, seed, seattle

Founder's Co-op

Founder’s Co-op, based in Seattle, Washington, is a venture fund launched in March 2008 which focuses on seed funding to startup companies in software and web-based services. It offers financing as well as business advice and other opportunities to 2-4 person companies looking to take a great idea to a product. The initial fund size was $2 million.

Founder’s Co-op provides seed investments ranging from $10,000 to $250,000, depending on the needs of the company receiving funding. In addition to simply receiving seed funding, every founder (or founding team) is asked to contribute 5% of the equity in their company to the Founders Pool. In exchange, the founders receive an ownership stake in every other company funded by the Co-op in that calendar year. This pooled equity interest among Founders creates a tangible incentive to share ideas, information and support with other Founders Co-op companies.

The entity was founded by Andy Sack and Chris DeVore.

Milestones

Investments

Company Date Round Size Participants
Unbounce 12/11Unattributed$850k6
Clipboard 11/11Series D14
Apsalar 9/11Series A$5M5
AppFog 8/11Series B$8M4
Giant Thinkwell 4/11Seed$625k3
Thinkfuse 3/11Angel$520k9
Deal Co-op 2/11Angel$500k3
AppFog 1/11Series A$1.8M4
Zipline Games 12/10Seed1
Urban Airship 11/10Series B$5.4M3
Apsalar 11/10Seed$800k4
Lighter Capital 6/10Unattributed$6M2
Untitled Startup 3/10Seed$250k1
Urban Airship 2/10Series A$1.1M3
Appature 12/09Series A$3.5M3
BigDoor Gamification Company 10/09Seed$250k1
LookStat 4/09Series A$500k1
FrugalMechanic 2/09Seed1
Orange Line Media 1/08Seed$500k1
Cooler Planet 1/08Seed1
Askablogr 1/08Seed1

Videos

Sources

  1. Founder’s Co-Op Closes $8M Second Fund (xconomy.com) [edit]
  2. http://techcrunch.com/2008/10/07/seattles-top-entrepreneurs-band-together-to-invest/ (techcrunch.com) [edit]
  3. Unbounce Raises $850K in Funding (finsmes.com) [edit]
  4. ‘Web Clipping 2.0′ Startup Clipboard Backed By Andreessen Horowitz, Index, CrunchFund, Others (techcrunch.com) [edit]
  5. Apsalar Raises $5 Million For Mobile Analytics And Behavioral Targeting Platform (techcrunch.com) [edit]
  6. AppFog lands $8M for PHP Cloud (gigaom.com) [edit]
  7. Posse on Facebook? Sir Mix-A-Lot debuts social media game with Seattle’s Giant Thinkwell (geekwire.com) [edit]
  8. techcrunch.com [edit]
  9. Citation Needed [add]
  10. PHP Fog Raises $1.8 Million To Be The Heroku Of PHP (techcrunch.com) [edit]
  11. Founders Co-op (founderscoop.com) [edit]
  12. Urban Airship Closes $5.4 Million Funding Round To Help Power Mobile Apps (techcrunch.com) [edit]
  13. Citation Needed [add]
  14. Citation Needed [add]
  15. Untitled Startup (untitledstartup.com) [edit]
  16. Urban Airship raises $1.1M to provide infrastructure for mobile apps (mobile.venturebeat.com) [edit]
  17. Appature Raises $3.5M, Led by Ignition and Madrona, to Expand Healthcare Customer Base (xconomy.com) [edit]
  18. BigDoor Opens Doors To Public Beta Of Website And iPhone App Monetization Tool (techcrunch.com) [edit]
  19. http://www.techcrunch.com/2009/04/23/lookstat-raises-500k-for-microstock-photography-analytics/ [edit]
  20. FrugalMechanic Gets A Tune-Up With A New Round Of Funding (techcrunch.com) [edit]
  21. Citation Needed [add]
  22. Citation Needed [add]
  23. Citation Needed [add]
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Last Edited 2/1/12

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