Earnest Capital1

Earnest Capital1

Investment Advisor + Mentor for Founders of Calm Companies

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Min Investment
$100
Location
New York, NY
Offering Date
April 15, 2021
Expected Close Date
July 14, 2021
Valuation
$20,000,000

Company Description

We believe that there is another way to build companies besides the venture capital rollercoaster. Earnest Capital began as "funding for bootstrappers" which we now call capital + community + mentorship for entrepreneurs building calm companies

Key Deal Facts

Team has invested in 35+ profit-focused software startups across two funds since 2019
167% total portfolio value increase since launching Fund I in 2019
Created novel, innovative, founder-aligned SEAL (shared earnings agreement) investment structure
Several portfolio co's sharing profits already + 1 exit (Makerpad to Zapier)
Launching $10M Subscription Fund III in July; on track to outperform original fund expectations
Created Trailhead initiative to make access to funding more equitable for founders
Opportunity to get a slice of carried interest from current and future funds managed by Earnest Capital

Management Team / Advisory Board Bios

Tyler Tringas, General Partner and Founder
Creator of Shared Earnings Agreement (SEAL). Former B2B SaaS founder. Head of Energy Economics, Bloomberg LP.
As a former bootstrapper myself, I built the fund and partner I would have wanted to work with and that remains our North Star.

Najva Sol, Head of Product & Marketing
Former Head of Community at Quartz Media, VP of Marketing at Spankchain, and Digital Director at A Practical Wedding. Creator of "Branding for Bootstrappers" workshop + Mastermind Sprint.

Sibi Murugesan, Chief of Staff & Head of Platform
Worked with 100s of founders through Earnest Capital, Product Hunt, Startup Weekend by TechStars, gener8tor, Co-Lab, and Junior Achievement. Cofounder of @AppleBananaUX.

Michael Rouveure, Head of No-Code Operations
CEO of Junglebee. Multiple time founder of travel SaaS companies.

Gil Hernandez, Dealflow Analyst
Formerly venture partner for Republic, scout for Indie.vc, and Clearbanc, financial analyst for Apple in the Software & Services group. Member of VC Familia + Gen Z VC.

Brooke Smith, Community Manager
Director of Women Who Code Raleigh, and UX mentor at Thinkful. Former UX Designer at Capital One.
Amount Raised : $0
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