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Dickson & Main is a venture capital fund launched in April 2024, based at the University of Arkansas. The fund is managed by FortySix Venture Capital (46VC) and targets early-stage technology companies, particularly those connected to the University of Arkansas System and the broader Arkansas entrepreneurial ecosystem. The fund aims to raise $15 million for its first fund, with plans for a second fund of approximately $30 million expected to launch about 18 months after the first close.
This investment organization is designed to leverage the extensive network of the University of Arkansas, contributing a portion of its fund manager's returns to the University of Arkansas Office of Entrepreneurship and Innovation (OEI). This unique structure creates an evergreen resource for university entrepreneurship programs, enhancing the startup ecosystem in the region.
Dickson & Main invests primarily in early-stage companies, specifically those that align with the industry and technology strengths of the Arkansas region. The fund emphasizes building partnerships with leading corporations to enhance go-to-market strategies for its portfolio companies. Key sectors of interest include retail value chain, logistics, agricultural technology, and healthcare technology, all of which are closely tied to the regional strengths, particularly the Walmart and retail supply chain ecosystem in Northwest Arkansas.
The organization also provides access to a talent pipeline from the University of Arkansas, facilitating connections between startups and students through programs like the Venture Intern Program. This program allows students to gain exposure to due diligence and fund management, further integrating the university's resources into the startup development process.
As of the latest research date, Dickson & Main has not publicly announced any portfolio companies since its launch in April 2024. The fund is still in its early stages, focusing on building relationships and identifying promising early-stage technology companies within its target sectors.
While no specific companies are listed, the fund's strategy includes targeting university spinouts and Arkansas-based opportunities that align with its investment thesis. The emphasis on local industry strengths suggests that future portfolio companies will likely emerge from the vibrant startup ecosystem fostered by the University of Arkansas.
Phil Shellhammer, Executive Director of the Office of Entrepreneurship and Innovation (OEI) at the University of Arkansas, serves as the university liaison for Dickson & Main. He plays a crucial role in connecting the fund with university resources and opportunities.
The fund is managed by the team at FortySix Venture Capital (46VC), which brings expertise in early-stage investments and a strong understanding of the local entrepreneurial landscape.
Founders interested in pitching to Dickson & Main should visit their website at uark.vc. It is recommended to include a comprehensive deck that outlines the startup's technology, market strategy, and connection to the University of Arkansas ecosystem. Response times may vary, so founders should be prepared for potential follow-up discussions.
In April 2024, Dickson & Main officially launched as a venture capital fund targeting early-stage technology companies connected to the University of Arkansas. The fund aims to raise $15 million for its first fund, with plans for a second fund of approximately $30 million expected to follow.
The launch received positive press coverage from various outlets, including PR Newswire, Global Venturing, and Talk Business & Politics, highlighting its unique structure that donates a portion of the GP's carried interest to the University of Arkansas Office of Entrepreneurship and Innovation.
What are Dickson & Main's investment criteria?
Dickson & Main focuses on early-stage technology companies that are connected to the University of Arkansas and the surrounding region. They look for startups that align with local industry strengths, particularly in sectors like retail, logistics, agricultural technology, and healthcare technology.
How can I pitch to Dickson & Main?
What makes Dickson & Main different from other VCs?
The fund's unique structure allows it to donate a portion of the general partner's carried interest to the University of Arkansas Office of Entrepreneurship and Innovation, creating a sustainable resource for university entrepreneurship programs. This connection to the university enhances its ability to support startups with valuable resources and networks.
What is the fund size and check size range?
Dickson & Main targets $15 million for its first fund, with plans for a second fund of approximately $30 million. The specific check sizes for investments have not been disclosed, but they focus on early-stage funding.
What is the geographic focus of Dickson & Main?
The fund primarily invests in North America, with a strong emphasis on opportunities tied to the University of Arkansas and the surrounding region.
What kind of post-investment support does Dickson & Main provide?
While specific details on post-investment involvement are not disclosed, the fund emphasizes building partnerships with leading corporations and providing access to a talent pipeline, suggesting active engagement in supporting portfolio companies' growth.
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