Venture Capital
Mana Ventures launched its open Scout Program in 2024 to turn anyone with sharp deal flow into a carried‑interest partner of the firm. Scouts submit promising Seed‑to‑Series C companies—especially in deep‑tech and artificial‑intelligence markets—through a short web form. Each lead is screened within 48 hours; if the team is intrigued, they request an intro call with the founder and can move from first look to term‑sheet signature in under a week.
Compensation is intentionally generous. Mana pledges 20 percent of its 100 percent GP carry on every funded scout deal, increasing to 50 percent for exceptional opportunities. The firm formalises the split via a side letter at close and allows scouts to invest in the SPV “carry‑free,” effectively writing an angel cheque without using personal cash.
The program is fully remote and evergreen. There are no fixed cohorts, quotas or geographic limits; operators, founders, students and ecosystem connectors from any country can participate. Mana emphasises that accreditation is not required, broadening access to venture economics for under‑represented talent.
Beyond upside, scouts gain soft benefits: direct Slack access to the partners, priority invites to portfolio demo sessions, and public acknowledgement in deal announcements—helping them build reputation and network. High performers may graduate to Mana’s internal Collective LP circle or be invited to co‑lead future SPVs.
By formalising a process it had run informally with 100+ referrers over the past five years, Mana expects to widen its sourcing lens and write faster cheques into frontier‑technology teams. The model mirrors the firm’s broader mission of “democratising venture and deploying evangelism at scale.”
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✌️ Learn and grow together as a community!
Applicants complete a Google Form that captures basic round details and a short note on why the startup is exciting. The investment team checks for duplicate entries and responds within 48 hours; promising leads trigger a follow‑up request for a founder introduction and deeper diligence. There is no résumé screen, interview loop or cohort deadline—participation begins as soon as the first referral is accepted.
The program is cost‑free: no dues, software charges or legal fees. Mana covers all SPV administration and K‑1 preparation. Scouts incur expenses only if they elect to travel to optional in‑person events or to invest personal capital alongside the fund.
If Mana Ventures invests, the scout receives between 20 percent (standard) and 50 percent (top deal) of Mana’s total carried interest on that SPV. The share is locked in via a side letter at close, and scouts may also invest personally with zero carry or fees. No cash bounties or salaries are offered; upside is realised only on exits, fully aligning incentives.
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