Scout Program
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.”
Join the Superscout community!
🌍 Meet other scouts globally.
👀 Get first dibs on new scout programs and VC openings.
✨ Get feedback and investor recommendations for your deal memos.
✌️ 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.
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.
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.
Do I need to be an accredited investor?
No—accreditation is not required to earn carry.
How much carry can I earn?
Standard share is 20 percent of Mana’s carry, rising to 50 percent for top deals.
How quickly will I hear back after submitting?
The team aims to respond within 48 hours.
What information must I provide?
Company name, round terms, co‑investors and a deck; partial info is acceptable with a note on why you’re excited.
Does Mana lead rounds?
No, the firm follows strong leads and typically participates in $2 M – $10 M rounds.
Which sectors interest Mana most?
Deep‑tech and AI spanning software, space, robotics, autonomy and biotech.
Can I invest personally?
Yes—scouts may invest alongside Mana with no extra carry.
Is there a quota or minimum deal flow?
No formal quota, but active scouts better position themselves for larger carry shares.
What happens if multiple scouts refer the same deal?
First verified submission earns the carry; duplicates are ineligible.
Can the program end my participation?
Mana may remove inactive scouts or decline low‑quality referrals at its discretion.
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