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Based in New York City and founded in 2009, H/L is one of the first of the “company building” studio venture firms. We were specifically designed to help great founders build great businesses, aligning our incentives as closely as possible with theirs. Unlike most VCs, we are set up as a holding company, which allows us access to evergreen capital and to longer time horizons as we are not constrained by pre-determined fund sizes and fund lifetimes. Think of us as a mash-up of accelerator (but longer-lived), venture firm (but with better alignment with you), and strategic partner/advisor (available every day, no matter what).
The H/L Ventures studio does not provide investment up-front, rather we take equity in exchange for partnership. We may invest capital in future rounds, and in some cases, lead rounds. H/L Ventures investments have previously ranged from as little to $4,000 to as much as $1,500,000. We build first and, once we have served in the trenches with the management team and truly understand their business, we may invest financial capital depending upon our evaluation of the merits of that investment. We view our commitment of time, expertise, team, network, and experience as an investment up-front in non-financial capital. Companies coming to H/L Ventures at Series A or later are considered instead by our later-stage CityRock Venture Partners funds. CityRock makes capital investments in Series A rounds and later, preferentially in our existing studio companies, but occasionally in new companies as well. In the case of CityRock investing in a Series A or later round which is not from our studio, CityRock wil also require options/warrants in consideration of the full support of our studio team for every CityRock portfolio company, regardless of origin.”
H/L Ventures becomes an extension of your team. You get access to our full-time portfolio team, venture partners, and extended network of subject matter experts. We help on almost every aspect of your company including hiring, service providers, branding, sales, marketing, PR, product, finance, fundraising, and much more. We aim to have relevant support for any founder need. Please see our model here for further information.