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Seven Eight Six (786 Ventures) is a venture capital fund established in 2022, based in the United States. The firm operates with a unique philanthropic focus, aiming to generate venture returns that fund need-based scholarships for minority and women engineering students at top engineering colleges. This dual mission of financial return and social impact sets Seven Eight Six apart in the venture capital landscape.
The fund is structured traditionally, allowing it to invest in high-growth startups while also maintaining a philanthropic fund. General partners have waived all management fees and carry, demonstrating their commitment by investing 10% of their own capital into the fund. This approach not only aligns their interests with those of their investors but also reinforces their dedication to supporting underrepresented groups in technology.
Seven Eight Six Ventures primarily invests in early-stage technology startups, with a strong emphasis on those led by women and minorities. The firm targets seed, Series A, and Series B stages, providing capital to high-growth companies that align with its mission. The check sizes are not specified, but the focus on exceptional entrepreneurs suggests a preference for impactful investments.
The investment thesis revolves around generating returns that directly support scholarships for minority and women engineering students. This commitment to diversity in STEM fields is a core aspect of their strategy, as they seek to diversify the next generation of technology leaders. The firm actively promotes its mission through its website and outreach efforts, highlighting the importance of backing diverse founders and co-investors.
Seven Eight Six Ventures has a focused portfolio that includes two notable companies:
Both companies exemplify the fund's commitment to investing in technology-driven solutions and support the overarching goal of fostering diversity within the tech industry.
Ahmed Khaishgi: Founder & CEO of AutoProtect, Khaishgi has a background in automotive services and technology innovation. His leadership at AutoProtect focuses on enhancing vehicle protection solutions.
Ali Moiz: Founder & CEO of Stonks, Moiz has expertise in financial technology and has led initiatives aimed at simplifying financial management for users. His work aligns with the firm’s focus on technology-driven solutions.
To pitch Seven Eight Six, founders should visit their website at 786 Ventures. It is recommended to include a clear business model, market analysis, and details on how the startup supports diversity in technology. Response times may vary, so founders should be prepared for potential follow-up discussions.
Since its founding in 2022, Seven Eight Six has actively promoted its mission of philanthropic venture capital. Recent updates include the introduction of notable portfolio companies, AutoProtect and Stonks, which align with their investment strategy. The firm continues to emphasize its commitment to directing 100% of gains towards scholarships for minority and women engineering students.
What are the investment criteria for Seven Eight Six?
Seven Eight Six Ventures focuses on high-growth technology startups, particularly those led by women and minorities. The firm invests at the seed, Series A, and Series B stages, looking for exceptional entrepreneurs with innovative ideas.
How can I pitch my startup to Seven Eight Six?
Founders can pitch their startups through the firm's website at 786 Ventures. It is advisable to include details about the team, market opportunity, and how the startup aligns with the firm’s mission of supporting diversity in technology.
What makes Seven Eight Six different from other venture funds?
The firm uniquely combines venture capital with a philanthropic mission, directing 100% of its gains towards funding scholarships for minority and women engineering students. This commitment to social impact distinguishes it from traditional venture capital firms.
What is the geographic focus of Seven Eight Six?
Seven Eight Six Ventures primarily invests in startups based in the United States, aligning its efforts with local initiatives to support diversity in technology.
What kind of post-investment support does Seven Eight Six provide?
While specific details on post-investment involvement are not disclosed, the firm emphasizes backing exceptional entrepreneurs, suggesting a supportive approach to portfolio companies.
What is the fund size and check size for investments?
Specific fund size and check size details are not publicly available, but the firm operates under a traditional venture fund structure, indicating a typical range for early-stage investments.
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