Venture Backed, a groundbreaking digital hub for entrepreneurs, investors and service providers, has officially announced early access to its Founder Community, Founder Pro, which is designed to level the playing field for startups.
According to certain reports, the membership is now available all entrepreneurs at a special early access rate of $49.99 per month. The first 500 members to sign up will also receive a free ticket to TechCrunch Disrupt 2024.
More on TechCrunch Disrupt 2024 bit would reveal how Venture Backed will leverage it to introduce its inaugural Back the Venture Pitch Competition. In essence, this competition will basically deliver funding, resources, and community support, with a $10,000 grant penciled for the winner, whereas grants worth $5,000 and $1,000 are earmarked for second and third place. Furthermore, winners can expect to receive a certificate for free legal services from a top law firm, to enhance their startup journey with quality legal advice and services.
Markedly enough, rather than being a one-off effort, the development in question will actually mark the beginning of monthly pitch competitions aimed at highlighting and fostering emerging talents within the industry. You see, under the agreed arrangement, each month one founder on the Venture Backed platform will receive that promised $10,000 grant to fuel their business. Making this grant even more attractive is the fact that it will be completely free from equity dilution or debt, thus allowing the founder to allocate the funds where their businesses need it the most—whether for product development, marketing or scaling operations.
“At Venture Backed, we believe in the power of transformative ideas and the relentless drive of founders. Our mission is to break down barriers and provide the essential support that allows entrepreneurs to thrive—without compromising their vision or ownership,” said Fredrick D. Scott, Founder and CEO of Venture Backed. “Through our monthly Back The Venture Pitch Competition, we are empowering startups with financial resources that can immediately be put to work in the areas that matter most. But we’re not just offering capital, we’re building a community at Venture Backed where every founder has a fair shot at success.”
Beyond the monthly grant of $10,000, as well as prizes worth $5,000 and $1,000, recipients also stand to receive an opportunity to compete at the annual Master Pitch event, with there being a chance for them to win a $150,000 investment which should be able accelerate their business growth.
Among other things, we must mention how Venture Backed will offer even greater access to advanced tools and resources crucial for members to scale a business when the full platform launches in early 2025. These tools and resources are likely to include DealRoom, where members can pitch their startups and share real-time data with investors, a new Learning Management System (LMS) to upskill and access courses tailored to startup growth, as well as a Social Network that connects the members with founders, investors, and service providers.
Apart from that, members can also come expecting Venture Collaboration tools for secure, real-time communication to foster meaningful partnerships and collaborations, alongside multiple funding opportunities.
