Great ideas happen everywhere. But seventy-eight percent of venture capital in the United States goes to three U.S. states – California, Massachusetts and New York. Village Capital is committed to supporting talented entrepreneurs who are tackling problems in cities beyond traditional startup hubs – and helping cities embrace their unique startup DNA.
We are proud to have partnered with Village Capital for their Energy: US 2016 accelerator program. The nine early stage entrepreneurs that were part of this program demonstrated great potential to address energy inefficiencies around the world.”
The Village Capital model is unique in that it asks its participants to make peer-selected investments in other companies in the cohort. As a result, we spent a lot of time getting to know each other’s business and giving near-constant feedback on every aspect of their business model, assumptions and investment readiness. These are smart people who run their own businesses in our industry and so, however painful it was to hear, we benefitted from their feedback, particularly since we may not get specific and actionable feedback from potential investors. While we never thought we ‘had time’ for an accelerator, it turns out to have been one of the best things we’ve done for Idle Smart.”
Without Village Capital, we would not have clearly seen the path to scaling the debt side of our business and reaching $500M+ in originations by 2018. Village Capital pushed our thinking, expanded our network of investors, partners, and talent, and provided us with catalyst capital in our seed round. If today we've passed $100M in application volume and are surrounded by a team of strong partners, it's in great part due to their support during and after the program.”
At PayPal, we believe that affordable, convenient and secure financial services should be a right for everyone, and not a privilege for the affluent. Through our expanded relationship with Village Capital, we’re pleased to help build a more supportive ecosystem for FinTech social impact entrepreneurs, which we see as critical to our vision of improving the financial health of underserved individuals and businesses around the world.”
What we're learning in United States
PROGRAMS & SPECIAL EVENTS
Village Capital is working with the top early-stage U.S. companies in the following programs: