| Website | founderscoop.com |
| Employees | 2 |
| Founded | 3/08 |
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.
| Company | Date | Round | Size | Participants |
| BigDoor Media | 10/09 | Seed | $250k | 1 |
| LookStat | 4/09 | Series A | $500k | 1 |
| FrugalMechanic | 2/09 | Seed | 1 | |
| Orange Line Media | 2008 | Seed | $500k | 1 |
| Cooler Planet | 2008 | Seed | 1 | |
| Askablogr | 2008 | Seed | 1 |
