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FoundersPad VC is a venture capital organization that was established in 2012 in Bend, Oregon. The firm focused on providing early-stage startups with both capital and mentorship, creating a supportive environment for entrepreneurs. FoundersPad VC aimed to be a first-money-in option for founders, particularly at the pre-seed stage, and was known for its unique approach of pairing investments with a curated team of mentors.
During its operational period, FoundersPad VC recorded a total of six investments, with a check size range of $25,000 to $75,000. The firm was affiliated with the Bend, Oregon startup ecosystem, often collaborating with local private backers and leveraging the regional network of founders and investors. Despite its closure, FoundersPad VC left a mark on the early-stage investment landscape through its mentorship-driven model.
FoundersPad VC specialized in early-stage investments, particularly in the pre-seed and accelerator-adjacent sectors. The firm primarily focused on startups in the fields of artificial intelligence, software as a service (SaaS), and consumer technology. FoundersPad VC's investment strategy emphasized not only financial support but also mentorship, which was integral to their approach.
The firm sought to engage with entrepreneurs who were in the nascent stages of their business development, providing them with guidance and resources to navigate the challenges of launching a startup. FoundersPad VC's check sizes ranged from $25,000 to $75,000, making it accessible for early-stage founders looking for initial funding. Their geographic focus was primarily on North America, aligning with their commitment to supporting local entrepreneurs.
FoundersPad VC's portfolio included six notable investments, with a focus on early-stage companies. Among these investments was ziPede, a children's pediatric educational video platform that participated in the firm's mentorship program. Another significant investment was The No-Bake Cookie Company, which achieved a successful exit in June 2023.
Other portfolio companies included startups in the machine learning, enterprise software, and consumer technology sectors. The firm’s approach to pairing funding with mentorship allowed these companies to benefit from expert guidance as they navigated their growth trajectories.
Chris Capdevila - Partner / Principal. Chris has a background in venture capital and has been involved in various notable deals within the early-stage investment space.
Genevieve LeMarchal - Partner. Genevieve has experience in supporting startups and has played a significant role in the mentorship aspect of FoundersPad VC's investment strategy.
FoundersPad VC ran a 12-week business-training program designed to support early-stage startups. This program provided participants with mentorship and resources to help them develop their business ideas and prepare for growth. Startups like ziPede benefited from this program, which was integral to the firm's investment strategy.
FoundersPad VC recorded its last investment in ziPede on August 1, 2020. The firm achieved a notable exit with The No-Bake Cookie Company on June 28, 2023. However, it is important to note that FoundersPad VC is now listed as permanently closed, indicating that it is no longer actively deploying capital or engaging with new startups.
What are FoundersPad VC's investment criteria?
FoundersPad VC focuses on early-stage startups, particularly in the pre-seed stage. They look for companies in sectors such as AI, SaaS, and consumer technology. The firm emphasizes mentorship alongside funding, seeking founders who are open to guidance and collaboration.
How can I pitch to FoundersPad VC?
FoundersPad VC does not have publicly available contact information or a formal application process. However, founders are encouraged to reach out through networking within the Bend, Oregon startup ecosystem, where the firm is based.
What makes FoundersPad VC different from other investors?
FoundersPad VC distinguishes itself by combining investment with a strong mentorship component. They provide a curated team of mentors to support portfolio companies, which is a key aspect of their investment strategy.
What is the typical check size for investments?
The firm typically invests between $25,000 and $75,000 in each startup, making it an accessible option for early-stage founders seeking initial funding.
What is the geographic focus of FoundersPad VC?
FoundersPad VC primarily focuses on startups located in North America, particularly those within the Bend, Oregon area, leveraging local networks for investment opportunities.
What kind of post-investment support does FoundersPad VC provide?
FoundersPad VC offers mentorship and guidance through a curated team of experts, helping portfolio companies navigate challenges and accelerate their growth.
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