South Park Commons

“In fact, in 2016, we were the largest top of funnel for both of these organizations.”

“When a large fund writes, you know, one or two million dollar check in your seed round, they're simply buying option value to invest in later rounds. For a one billion dollar fund, one or two million dollars is cheap. And it's a cheap way to buy that option. B…”

“At SPC we launched our Founder Fellowship DAO with Syndicate. It was the first DAO of its kind. It's a three C seven DAO that allows for up to 1999 investors instead of the traditional hundred limit. And in our case, we had multiple funds participate. Founders…”

“So with our fund, we try to target between 50 to 60 investments for the seed fund. And our seed fund is fifty million dollars.”

“From that perspective, we always commit to our founders that we will invest no matter what in the first round of financing following our seed investment.”

“In fact, 30% of our members are domain experts who have no intentions of starting companies.”

“But that said, with that one million, we try to buy between, on average, across all our companies, between, like, seven to 10% equity.”

“So the fees that we generated from the fund are used into running the operations of the community, and the community members in turn have given the fund the first right of refusal to invest in their companies.”

“We grew really quickly from, like, 10 people to 30 people, and now we have over 450 members.”

“So typically our members spend on average about nine months picking that idea and that goes, you know, and they do everything from time exploration to identifying problems that are key in those spaces to identifying solutions that might be valid to figuring ou…”

“This is a, the best of times to be a Series A investor because there is just an explosion of seed AI startups. There's so many and they can't all get funded. And I know it's stressful. I know it's hard, but it is a gift that thousands of founders are in San Fr…”

“It's the most binary fundraising environment in our lifetimes, isn't it? You're either, you know, you're either YC, Neo, South Park Commons, got something, get funded, or who the hell's gonna find you in your pre-seed round, right? You either got, you know, yo…”

“And so, I do think if this goes as far as the folks that have Backing at want, you could have a Detroit in the Silicon Valley. Like, when it becomes a meme to do YC, or to do South Park Common, but then build, you know, get your money, build your team, and the…”