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Further Faster Ventures is a Chicago-based organization founded in 2020 that specializes in partnering with founders and investors to design lean companies and achieve product-market fit. The firm operates as interim co-founders, applying scientific thinking to help startups grow. Their approach emphasizes the importance of a scientific mindset in developing strong product-market-fit engines, which leads to increased revenue and growth.
As of now, Further Faster Ventures has supported over 50 companies, showcasing their commitment to fostering startup success. They utilize a fee-based consulting model rather than traditional equity investments, charging between $3,000 and $20,000 per month for their services. This model allows them to connect founders with potential investors while providing tailored support to enhance startup viability.
Further Faster Ventures has established a notable presence in the startup ecosystem, particularly in North America. Their structured engagement model and diverse sector focus have positioned them as a key player in the early-stage investment landscape.
Further Faster Ventures focuses on pre-seed and seed stage companies, providing a comprehensive range of services designed to help startups quickly validate their product-market fit and scale effectively. Their investment strategy encompasses multiple sectors, including healthcare, consumer products, fintech, edtech, biotech, the creator economy, government technology, climate, and energy.
The firm employs a structured three-phase engagement model that includes running growth experiments, validating traction metrics, and supporting scaling and fundraising efforts. They offer services such as market and competitive analysis, product and pricing strategy, product design, brand and web design, revenue modeling, and sales and marketing operations. This multifaceted approach enables startups to achieve product-market fit and connect with potential investors efficiently.
Further Faster Ventures emphasizes the importance of a scientific mindset in their investment thesis, believing that founders who adopt this approach tend to generate more revenue and growth. Their focus on product-market fit is central to their operations, ensuring that the companies they work with are well-positioned for success.
Further Faster Ventures has assisted in building over 50 companies since its inception. Notable projects include:
These projects highlight Further Faster Ventures' diverse portfolio and their ability to adapt to various sectors, including healthcare, productivity, and family foundations. Their engagement with these companies demonstrates their commitment to enhancing product-market fit and supporting startup growth.
Devin Soule: Partner and Co-Founder at Further Faster Ventures. He has a background in startup consulting and has been instrumental in guiding numerous early-stage companies through product-market fit challenges.
Nick McEvily: Partner and Co-Founder, bringing extensive experience in product design and market strategy to the firm. His expertise helps startups refine their offerings and enhance market positioning.
Ellie Bahrmasel: CEO and Co-Founder, with a strong focus on operational excellence and strategic growth. She has a proven track record in scaling startups and connecting them with investors.
Lizzie Grant: Director of Operations, responsible for overseeing the firm's internal processes and ensuring efficient project execution. Her organizational skills are vital for managing multiple engagements.
Sam Letscher: Venture Research Lead, specializing in market analysis and competitive research. He provides critical insights that inform the firm's engagement strategies.
Paris Dupree: Venture Researcher, assisting in the analysis of potential investment opportunities and supporting portfolio companies with data-driven insights.
Daniela Pilla: Lead Venture Analyst, focusing on validating traction metrics and supporting startups in their growth experiments.
Barrett Willich: Fractional CFO, providing financial guidance and support to portfolio companies as they navigate fundraising and scaling challenges.
Max Martinez: Creative Developer, responsible for product design and branding efforts that enhance the market presence of portfolio companies.
To pitch Further Faster Ventures, founders should use the contact form available on their website at furtherfaster.design. It is essential to include a detailed pitch deck that outlines the business model, market opportunity, and plans for achieving product-market fit. Founders should also highlight any traction metrics they have already validated.
Response times can vary, but founders can generally expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process. The firm encourages clear and concise communication in all pitches.
Further Faster Ventures runs a program under the same name, focusing on helping startups achieve product-market fit through a structured engagement model. This program is designed for pre-seed and seed stage companies looking to validate their business models and scale effectively.
Eligibility for the program includes being in the early stages of development and having a clear vision for product-market fit. Interested founders can apply through the Further Faster Ventures website, where they can find more information about the application process and program details.
Since its founding in 2020, Further Faster Ventures has actively supported over 50 companies, helping them achieve significant milestones. Notably, they redesigned the Venture For America accelerator program, enhancing its effectiveness and brand recognition.
Further Faster Ventures has also developed various innovative platforms, including Smarty, Relivable, and Tend, which have gained traction in their respective markets. Their engagement with these companies has led to successful product launches and increased funding opportunities.
As of now, Further Faster Ventures has facilitated $43 million in fundraising for portfolio companies after their engagements, demonstrating their impact on startup growth and investor connections.
What are the investment criteria for Further Faster Ventures?
Further Faster Ventures focuses on pre-seed and seed stage companies across various sectors, including healthcare, fintech, and edtech. They look for startups that demonstrate a strong potential for product-market fit and are open to applying a scientific approach to their business model.
How can founders apply or pitch to Further Faster Ventures?
Founders can pitch to Further Faster Ventures through their website at furtherfaster.design. They recommend including a clear description of the business model, market opportunity, and how the startup plans to achieve product-market fit in the pitch deck.
What makes Further Faster Ventures different from traditional venture capital firms?
Further Faster Ventures operates as a design and product-market-fit advisory firm rather than a traditional venture capital fund. They do not deploy capital directly but instead provide fee-based consulting services to help startups grow and connect with investors.
What is the geographic scope of Further Faster Ventures?
The firm primarily focuses on startups located in North America, allowing them to leverage local market insights and connections to support their portfolio companies effectively.
What kind of post-investment involvement can founders expect?
Further Faster Ventures engages with portfolio companies through a structured three-phase model that includes running growth experiments, validating traction metrics, and supporting scaling and fundraising efforts. This hands-on approach ensures that founders receive ongoing support throughout their growth journey.
What is the typical check size or fee structure for working with Further Faster Ventures?
Further Faster Ventures operates on a fee-based model, charging between $3,000 and $20,000 per month for their consulting services. They do not provide direct equity investments but instead focus on enhancing the startup's viability and connecting them with potential investors.
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