Evaluators score applicants on sourcing reach, domain insight, willingness to support founders post‑investment and alignment with LvlUp’s diversity‑forward mission.

A documented track record of community building or angel activity is advantageous but not mandatory.

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The program charges no membership dues, tuition or software fees. Scouts incur costs only when they opt to invest personal capital alongside a deal; otherwise participation is entirely free, making the pathway accessible to students and operators worldwide.

VIRs choose a reward structure on a deal‑by‑deal basis. If LvlUp or a partner fund invests, the scout can take (a) a cash success fee paid out of the SPV admin budget or (b) carried‑interest equity, typically 0.5 %–1.0 % of the GP’s economics.

Scouts who meet activity thresholds (Super Scout status) earn an additional 0.5 % carry bump. Compensation terms are detailed in the public Scout Playbook and reiterated in the referral agreement before each deal closes.

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Mainstream and trade outlets are beginning to spotlight LvlUp’s community‑centric model. Mission Matters profiled Managing Partner Brandon Maier, noting that VIR participants “receive carried‑interest equity on the deals they’ve submitted” and describing the structure as “a new on‑ramp to venture careers.”  

‍Forbes referenced the NextUp accelerator as “a Forbes‑recognized top‑25 global accelerator” when announcing a cohort company.   The constant deal pace and inclusive scout path have also been highlighted across LinkedIn’s venture community feeds.

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