$50,000 investment for early stage founders building the new normal (XX)https://xx.team/

jiwonmoon·Dec 01, 2020·3 replies

Hi Elphas :) I'm super happy to tell you about XX's fourth cohort: The New Normal. (Can't believe it's our 4th already!) I started XX with so much help and encouragement from Elpha. I wanted to know why female founders were struggling to get funding and so many Elpha founders made time to chat with me. In two years we invested in 30+ startups. Our first cohort invested in female founders, second in immigrant founders and our last one in startups fighting Covid. Now we're looking to invest $50,000 (SAFE MFN) in startups building the new normal - in how we live, play and work. It's an 8-week program where you'll have access to amazing mentors (many YC alums) and investors. You can go to the link to apply! If you have questions, I'm really happy to answer any questions in comments or in messages :) I hope a lot of Elphas apply!

beccawilliams·Dec 19·1 reply

I just hit submit, @jiwonmoon! I LOVE what's happening at XX. And while challenging, I really appreciated the lean character limits in the application that forced me to be super concise. I have a couple of questions for you (leaving them here on the public thread vs. DM for other Elphas who might be applying and have related questions): I didn't realize this would immediately go live on Wefunder, so in my video I addressed the XX team vs. that and potential investors. Not sure what kind of traffic those early videos get, so should I try to edit that out or re-record? In addition, while I have an LLC, the concept I submitted does not yet exist as its own business entity. Please let me know if I should clarify that anywhere.Thank you!

jiwonmoon·Jan 05·1 reply

Hi Becca! I'm so sorry I didn't see this earlier! Thanks so much for applying :) Your application won't go live on Wefunder though there's an option to make it viewable by Wefunder VIP investors (that shouldn't be default). Addressing XX is the right way to go :)Re: your second question. That's fine! Some people apply with just ideas and get into our program (though rare). :)

beccawilliams·Jan 05

Thanks, @jiwonmoon, and no worries! I ended up deleting the contents of my application, FYI, as I decided now isn't a great time for this. Just to let you know, the page was live/publicly viewable without being logged in and I don't recall a step in the application process that indicated I was making it visible to VIP investors (this is what's left of it - https://wefunder.com/likeheartslab2/).