Common questions and common answers.
Does HGL invest in non-profits?
No. Higher Ground Labs is focused on investing in for-profit vehicles that have a business model and see a path to making returns in this market. We believe this structure is more effective for collaboration and more rigorous for running your companies. We know that not all political tech should be created in a for-profit structure, but we are only investing in the ones that are.
How much do you invest?
In 2017, our average investment in companies was $100k. For our 2018 cohort, the actual amount will vary by company based on need, stage, and team.
How does HGL invest?
We invest through a standard convertible note.
When does the accelerator program start, and what does it entail?
We anticipate that the 2018 accelerator program will start in April 2018 and go through July 2018. The program includes an intensive every month, in which founders come together in a city (Chicago, DC, or San Francisco) for multi-day “boot camps” around various aspects of the business. In addition, the program includes regular coaching calls, access to the HGL Advisory Board, and regular introductions to potential clients and investors.
When will you HGL make decisions on investments?
We plan to make offers on investments by March 1.
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