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LucidFog is a venture coaching fund founded by Karl Harris and Sean Byrnes, based in the United States. Established to support early-stage tech founders, LucidFog combines small seed investments with executive coaching. This unique approach addresses the need for honest and trusted guidance during the challenging early days of company building. The organization recognizes that founders often face issues they may not feel comfortable discussing with investors, co-founders, or employees.
Currently, LucidFog operates as a part-time initiative, emphasizing its commitment to serving the entrepreneurial community rather than functioning as a full-time investment firm. The fund has supported over 100 companies, providing not only capital but also valuable mentorship and advice tailored to the unique challenges faced by early-stage founders. This dual focus on investment and coaching distinguishes LucidFog in the competitive landscape of venture capital.
LucidFog invests approximately $10,000 in early-stage companies, specifically targeting the pre-seed, seed, and seed-plus stages. The organization emphasizes the importance of providing not just financial support but also executive coaching to help founders navigate their entrepreneurial journeys. This coaching is designed to address challenges that traditional investors may not be equipped to handle, ensuring that founders receive the guidance they need during critical moments.
The firm operates primarily in the United States, focusing on early-stage tech startups. LucidFog's investment strategy is rooted in the belief that honest advice is crucial for entrepreneurs, particularly when they encounter obstacles that are difficult to discuss with others. By prioritizing community service and tailored guidance, LucidFog positions itself as a supportive partner for founders seeking both financial backing and strategic insights.
LucidFog has supported over 100 companies as investors, advisors, and mentors. While specific names and descriptions of notable portfolio companies are not provided, the firm’s extensive portfolio reflects its commitment to early-stage tech founders. The organization’s approach combines investment with mentorship, allowing it to play a significant role in the development of its portfolio companies.
LucidFog’s portfolio spans various sectors within the tech industry, showcasing its adaptability and broad interest in supporting diverse entrepreneurial ventures. The firm’s unique model of providing both capital and coaching has enabled it to build a strong reputation among early-stage founders, further solidifying its position in the market.
Karl Harris - Founding Partner. Karl is a serial entrepreneur and executive with over 20 years of experience. He was a founding team member of Flurry, which was acquired by Yahoo, and later founded Trax, one of the first SMB loyalty platforms after completing law school.
Sean Byrnes - Founding Partner. Sean founded Outlier, which created the 'automated analysis' category using AI. He has mentored dozens of founders and has coached at top startup accelerators, bringing a wealth of experience to LucidFog.
To pitch to LucidFog, founders should use the contact form available on their website. It is recommended to include a comprehensive deck that outlines the business model, market opportunity, and specific challenges the startup is facing. Founders should expect a response time that may vary, as LucidFog operates as a part-time initiative.
What are LucidFog's investment criteria?
LucidFog primarily invests in early-stage tech companies at the pre-seed, seed, and seed-plus stages. The firm looks for founders who are seeking not only financial investment but also guidance and mentorship to navigate the challenges of starting a business.
How can I apply or pitch to LucidFog?
Founders interested in pitching to LucidFog can reach out through the contact form on their website. It is advisable to include a detailed overview of the business, the team, and the specific challenges the startup is facing.
What makes LucidFog different from traditional venture capital firms?
LucidFog differentiates itself by combining small investments with executive coaching. This dual approach allows the firm to provide honest and objective advice tailored to the unique challenges faced by early-stage founders, which traditional investors may not address.
What is the geographic scope of LucidFog's investments?
LucidFog focuses its investments within the United States, supporting early-stage tech founders across the country.
What kind of post-investment involvement can founders expect?
Founders can expect significant post-investment involvement from LucidFog, including mentorship and coaching tailored to their specific needs. The firm emphasizes providing honest advice and support throughout the entrepreneurial journey.
What is the typical check size for investments?
LucidFog typically invests approximately $10,000 per company, which is designed to support early-stage founders as they navigate the initial phases of their business development.
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