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Open answers to frequently asked questions

General

Seed

Pre-Seed

Late Stage

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How do you stand out among other investment companies?

There are two key points:

  • We have confined investment focus. We invest only in projects that can be accelerated by our team expertise, business networking, and infrastructure business.
  • We cover all Early Stage projects (Idea, Pre-Seed, Seed). Thus, we greatly facilitate founders’ on the way to achievement of their strategic goals.

What are the best projects for Adventures Lab?

Our core focus is B2C and D2C projects, whose business model is associated with huge volumes of traffic: companies that generate traffic or can significantly benefit from it. For more details look here Scope.

What if my project doesn't fit your focus?

Never mind. We are ready to consider B2C and D2C traffic-driven projects from almost any niche.

Do you consider projects only from Ukraine?

Not really. We prefer Ukrainian projects because we understand the local market best. However, we are ready to consider projects from other countries.

Can a solo founder apply for the program?

Definitely Yes, if we are talking about Late Stage program. Maybe, if we're talking about Pre-Seed. As an exception. Definitely not, if we're talking about Seed. Here we want to see a team of at least 5 people.

My project has already attracted investments. Wouldn't that be a problem?

It won't. However, everything will depend on conditions under which you attracted investments earlier.

We don't really need the money. Does it make sense to apply?

Money is the least of what Adventure Lab gives to its portfolio companies. Our team, expertise, business networking, and infrastructure can accelerate business development and help it enter new markets. How much and how fast? - It will be clear after our meeting and identifying the needs of your business. That is possible only after we receive and consider your application.

What if we are building a complex project that requires a lot of time and resources?

Does this involve the ability to build MVP (multiple MVP's) that will help the project test key business hypotheses and start making money? If so, everything can be discussed.

However, in general, we are focused on projects that can test the business model as quickly as possible and optimize the technological part during the development of the project.

How much do you invest?

Briefly:

  • up to $500K on Early Stage
  • up to $1M on Growth Stage
  • up to $3M on Late Stage

More information can be found on our programs page here Our Programs

Do you consider investing in projects that require more than $500K of investment?

Yes, if they are in our investment focus. We have a wide networking circle of investors and, if the project is promising, we can run a syndicated round of investments up to $5M.

What share do you usually claim?

It highly depends on the project, the amount of investments and the level of our involvement. Usually we claim the following share depending on the stage of the project:

  • up to 25% on Seed
  • up to 25% on Pre-Seed
  • up to 80% on Late Stage

More information can be found on our programs page here Our Programs

Why do you claim such a large share at the Late Stage stage?

Briefly: due to the fact that we have a non-standard Late Stage program, where we act not as passive investors, but full-time co-founders.

We provide the project with everything that is required for its success: infrastructure, team, expertise, networking and funds, and frequently - a validated business idea.

Thus, protecting our co-founder from the operating routine and letting him to focus on the main thing - building a stable and scalable business with a tangible share

You can read more about our Late Stage program here Incubation

What are the key terms of the investment agreement?

It strongly depends on the project, the amount of investment and our engagement level. Generally, our standard terms and conditions are:

  • Incorporation of a company in a predictable jurisdiction
  • Mandatory monthly reporting on operational records
  • Conclusion of standard agreements within the company (NDA, Non-Solicitation Agreement, etc.)
  • Voting place in the Board of the company (if any)
  • Legal formalization of a share of the co-founders (the cliff, wasting)
  • The formation of a Stock-Option Pool of 5% (in Seed round)

How to apply?

Follow this link Application and fill in the form.

How long is the application usually considered?

We do not set any specific deadlines. If your application is selected for further study, we will immediately contact you.

How do I increase the chance for my application to be selected?

  • Fill in all required fields in the application
  • Briefly and clearly describe the essence of your idea / business
  • Prove us that you have done ”homework”:
    • Conducted a comprehensive market analysis
    • Understand "the pain" of your targeted audience
    • Determined the circle of direct and indirect competitors
    • Understand the strengths and weaknesses of your project
    • Identified the differentiators of your project
    • Understand what it takes to win
    • Understand what resources will be required for this

Does the investment require the team to move to Kyiv?

No. You continue to work where it is convenient for you.

Do you provide the office for the portfolio company?

This option is provided only for the Late Stage program. But, if you need an office in Kyiv, we will certainly help with the solution to this issue.

Should I submit an application if I don't have a team?

No. At this stage, we invest only in teams of at least 5 people.

Does the investment require the team to move to Kyiv?

No. You continue to work where it is convenient for you.

Do you provide the office for the portfolio company?

This option is provided only for the Late Stage program. But, if you need an office in Kyiv, we will certainly help with the solution to this issue.

Should I submit an application if I don't have a team?

We allow this possibility at the Pre-Seed stage as an exception. But, in such situation you must be extremely valuable, as a founder.

Who is the Adventures Lab Late Stage program primarily targeted at?

We target our Late Stage program on specialists (solo or teams), with a broad expertise in niches that is relevant to our investment focus:

  • They found a potentially interesting topic But for a number of reasons, they can not persuade the management of their company to realise this project.
  • They have been working on a potentially interesting topic for several months, and understood that within the current circumstances in their company, it will never be realised
  • They wanted to gеt into business for quite a while, found a great business idea but could not step up the game, lacking funds of $ 30- $ 50K to test the idea.
  • They have been wanting to become entrepreneurs for a long time, but yet have not found a perspective business idea that they would be ready to work full-time in the next 3-5 years

Does it mean, if I do not have a business idea, it will not be a problem?

Fairly true. In this case, we have prepared a list of business ideas, which has already been validated by us. You can choose one of the presented ideas or come up with your own, inspired by one of the ideas of Adventures Lab.

How is The Late Stage program built?

Preposition (1 month):

  • Idea evaluation
  • Market analysis
  • Analysis of the analogies
  • Audience analysis
  • Assessment of prospects
  • Assessment of realisation complexity
  • Development of the business model
  • Assessment of implementation complexity
  • Develop a common vision for the project
  • Preparing an MVP development plan
  • Assessment of required resources (people, time, money)
  • Development of key business hypotheses
  • Development of a business plan for 3 months (brief presentation)
  • Discussion of the project at the investment Committee
  • Confirmation of the idea for Late Stage

Implementation phase (2-3 months):

  • MVP development
  • Customer Development
  • Conducting experiments on sales channels
  • Getting first sales and revenue
  • Evaluation of MVP results
  • Update of the General vision of the project
  • Assessment of required resources (people, time, money)
  • Development of a business plan for 12 months (brief presentation)
  • Discussion of the project at the investment Committee
  • Confirmation of the project for investment (individual check)

Upon confirmation of the project for investment, its Late Stage is considered complete.

What results do you expect from a founder upon completion of Late Stage?

  • Founder confirmed his/her ability as a Project Executive
  • Built MVP
  • Target Audience Identified and Confirmed
  • First customers received
  • First revenues received
  • The project has at least 2 sales channels
  • There is a clear understanding of what the project can achieve in the next year
  • There is a clear understanding of what will be required for this

What if based on the results of the first or second stage a business idea turns out to be inpaying / economically inexpedient?

This is a normal situation. It is much better to abandon unviable idea in time than investing in the realisation for years, tons of efforts and serious investments.

n such a situation, the founder (team) will be asked to choose another idea from the Adventures Lab backlog to work on

What happens to the project which successfully went through the Late Stage Program?

It becomes an independent business. A founder hires own team, rents office, and builds up business processes. We continue to help, but a greater rely on skills and talent of a founder

How much do you usually invest in a project at the Late Stage stage?

Everything, as always, depends on the project. But, in general, our internal guidelines are as follows:

  • up to $50 000 at Late Stage stage
  • up to $300 000 to get to the breakeven point.

Should I submit an application if I don't have a team?

Absolutely! But, if you can find a team of people who are willing to work with you to create a new promising business - it will significantly distinguish your application from the rest.

Does the program involve full-time participation in the project?

Yes. We will create and develop new business. This will require the full involvement of the founder (or team).

Does the team need to move to Kyiv ?

The first months are the most important for any project. Thus, we prefer founders to work side by side with us during this period.

After launching the MVP project (usually within 3-4 months), you will be able to return to your city and continue business development from there.

When does recruitment begin and end?

Our Late Stage program is individual. We accept applications non-stop.

Are there any restrictions on the number of team members?

No. The more like-minded people you can bring with you, the more chances your project will have as a business.

Do you want to set up a profitable company?

Apply