LOS ANGELES--(BUSINESS WIRE)--Launch House, the exclusive membership community focused on connecting and supporting top entrepreneurs, today announced the launch of their venture arm House Capital and its $10 million debut fund. The fund focuses on backing companies in the Launch House community as well as other high-growth, early stage startups. The launch of House Capital will further support Launch House by creating a flywheel, as the majority of returns from the fund will go back into Launch House itself. This additional revenue will allow Launch House to create stronger programming and better experiences for members.
Founded by Michael Houck, Brett Goldstein, and Jacob Peters, House Capital aims to build off of the company’s existing relationships with founders early in their journey. Already, House Capital has co-invested alongside top-tier lead investors such as a16z, Sequoia, Paradigm, and Y Combinator. Founders of startups that House Capital invests in will get lifetime membership to the Launch House community, and full access to community amenities including fundraising support, digital cohort-based cohorts, and exclusive in-person residencies and retreats around the world.
“Launch House has deep and authentic relationships with the early stage founders who join our community,” said Michael Houck, GP at House Capital and Co-Founder of Launch House. “We’d already been helping Launch House members with their fundraising efforts, so it was a natural progression for us to move into investing in these founders ourselves.”
Since inception in January 2022, the firm has invested in a number of companies at the Pre-Seed and Seed stages including Coinbooks, Ghost Financial, Anja Health and more. In just a few months, many House Capital portfolio companies have gone on to raise additional rounds of funding at higher valuations, proving the value of the Launch House and House Capital networks as a driver of attractive deal flow.
“There are so many mission-driven founders and inspiring companies that we meet through the Launch House community,” said Brett Goldstein, GP at House Capital and Co-Founder of Launch House. “House Capital gives us a new way to accelerate them on those missions to solve real problems and move the world forward.”
House Capital’s Limited Partnership base includes a wide variety of individuals across the tech and entertainment ecosystem. LPs include the co-founders of Dropbox, YouTube, and Riot Games, as well as Michael Ovitz, Peter Hollens, Serena Williams, and C-level operators from Polygon Studios. The firm also counts GPs from other funds among its LPs including Andrew Chen and Sriram Krishnan from a16z, Rick Yang from NEA, and James Currier from NFX. Creators including Peter Hollens and Bored Elon Musk round out the group.
“We are lucky to have some great investors, operators, and founders as LPs in House Capital,” said Jacob Peters, GP at House Capital and Co-Founder of Launch House. “We are well positioned to support and grow the next generation of inspiring founders from both within and outside the Launch House community.”
House Capital is also uniquely made up of two underlying funds – a standard 506(b) venture partnership and a 506(c) vehicle that allows the firm to solicit investment from additional accredited, smaller-check size LPs. House Capital isn’t the only one taking more of a community-driven approach to venture – funds like Weekend Fund and Earnest Capital have raised millions from the crowd over the past year – part of a broader shift toward an ownership-based economy.
About House Capital
House Capital is a Pre-Seed and Seed venture capital firm that invests in early-stage companies. The firm values building authentic relationships with founders from the idea stage and helping them to reach product market fit.
For more information visit, House.VC
About Launch House
Launch House is the social club helping emerging leaders level up and live better. The Launch House community is a curated group of founders, engineers, and investors who are building the future.
Community membership includes access to our intimate IRL coliving residencies in major cities, desirable destinations, and at conferences all over the world. Membership also includes executive coaching opportunities, fundraising support, unlimited access to our digital cohort-based courses, and coworking clubhouses in major cities. Launch House helps foster learning and professional development as well as deep, authentic relationships rather than transactional networking opportunities.
Selection for the community is through a competitive process, with thousands of applicants per year. Launch House currently has locations in Los Angeles, New York City, and the metaverse.
To learn more visit launchhouse.com.