Posted October 21, 2008 11:49 pm by with 1 comment

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A number of early stage investment outfits have popped up over the last few years, making what would amount to tiny investments in as many as a dozen companies at one time and then recouping their investment plus some as those companies mature and either build viable revenue models or become acquisition targets of other related businesses.

Neil Patel recently announced that he has joined the Founders Co-op. The Founders Co-op has a goal to invest between $10,000 and $250,000 in a number of niche software start ups. Neil has said these startups should be in Seattle or be willing to relocate there if they are interested in receiving the investment.

The investment group stresses that they offer three valuable assets to the companies that they select including investment dollars, technical expertise, and professional introductions to others who can assist in all facets of creating and implementing a successful startup. Reading over their website I also think it is important to note part of their criteria:

Our specific focus is on niche opportunities that require limited capital to demonstrate market traction and generate meaningful revenue.

This means applicants better have a solid business model and a strong distribution or marketing mechanism that is going to introduce your product to the masses. If you are interested in this opportunity use the application template on their website or leave them a note on Neil’s initial post.