Each startup receives investment, mentorship and business services, an offering Think Big Partners managing partner Herb Sih said is done through a "joint venture" of three entities. Think Big Ventures, a fundrecently launched by Sih and Think Big Partners senior partner Tyler Prochnow, provides each startup an $18,000-$24,000 investment in exchange for a 6-8 percent equity stake. Think Big Partners provides business services. Bizperc, a coworking space owned by Think Big Partners, provides office space.
A new venture capital fund that will invest in metro-area startups has raised $3 million toward a $35 million goal.
The Think Big Ventures I fund is a new effort from Kansas City-based Think Big Partners, an early-stage business incubator and tech-focused startup accelerator. The group launched the fund in late May, saying it would focus on investments in early-stage, tech-based Web services, applications and software.
An Aug. 16 filing with the Securities and Exchange Commission shows the fund received its first investment June 1.
If bootstrapping, iterating or pivoting were physical, calorie-burning activities, entrepreneurs would be trim creatures indeed. But since startup founders are more likely to spend long hours at the office and eat chips over their keyboards, one serial entrepreneur has come up with an idea to help.
Herb Sih, a cofounder of Think Big Partners, noticed that the entrepreneurial lifestyle was taking its toll on his own waistline, so he decided to take action using social media. On April 1, he launched a healthy-living blog just for entrepreneurs called Startup Your Fitness that was designed to encourage his colleagues and peers at other startups to live a healthier lifestyle with diet and exercise.
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The founders of Think Big Partners toured the startup scene in Silicon Valley before they launched their Midwest business incubator and startup accelerator. And although the Think Big team uncovered helpful tips during a tour of the Valley (like the impact of coworking spaces, the need for local funders and the importance of a tech culture), they seemed to learn one lesson that was much more impactful after returning back to their home of Kansas City: You don’t need to be like Silicon Valley in order to get Silicon Valley-esque results.
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