Intersect.com will invest $10k USD in 10-20 startups in Q1 2025 for startups that are outside of Silicon Valley and want to relocate to Silicon Valley.
The $10k investment will be via a post-money SAFE at a $1-5M valuation with pro-rata rights.
The requirements for the startup are:
1. The startup must have raised a minimum of $50K USD (50% can be founders capital)
2. At least one of the startup’s founders relocates to Silicon Valley for a minimum of 1 month in April 2025 and all founders have plans to be based here in the long-term.
3. The startup is currently based outside of Silicon Valley
4. Are a US based entity (Delaware C-Corp preferred)
What you get:
1. February 2025 - 8 week program to help you prepare your startup for relocation to Silicon Valley
2. April 2025 - relocate to Silicon Valley for a minimum of 4 weeks during which Intersect will help you raise a pre-seed round, find customers and release your product.
3. We are partnering with accommodation providers and co-working spaces to get you affordable options for living here for a month - but there are no obligations to use these options.
4. There are no obligations to use any Intersect services or products
Please comment below your one-liner and I will reach out to you with more information. If you know a startup that might be a good fit, please tag them below.
We are doing this because:
1. Getting a startups off the ground is really hard and its a problem I have faced many times
2. It's just a good investment opportunity for the arbitrage between startups outside of Silicon valley and those in Silicon valley
3. Intersect might get some customers out of the program but that isn’t the primary driver
The $10k investment will be via a post-money SAFE at a $1-5M valuation with pro-rata rights.
The requirements for the startup are:
1. The startup must have raised a minimum of $50K USD (50% can be founders capital)
2. At least one of the startup’s founders relocates to Silicon Valley for a minimum of 1 month in April 2025 and all founders have plans to be based here in the long-term.
3. The startup is currently based outside of Silicon Valley
4. Are a US based entity (Delaware C-Corp preferred)
What you get:
1. February 2025 - 8 week program to help you prepare your startup for relocation to Silicon Valley
2. April 2025 - relocate to Silicon Valley for a minimum of 4 weeks during which Intersect will help you raise a pre-seed round, find customers and release your product.
3. We are partnering with accommodation providers and co-working spaces to get you affordable options for living here for a month - but there are no obligations to use these options.
4. There are no obligations to use any Intersect services or products
Please comment below your one-liner and I will reach out to you with more information. If you know a startup that might be a good fit, please tag them below.
We are doing this because:
1. Getting a startups off the ground is really hard and its a problem I have faced many times
2. It's just a good investment opportunity for the arbitrage between startups outside of Silicon valley and those in Silicon valley
3. Intersect might get some customers out of the program but that isn’t the primary driver