A few years ago, I started Chapter One with a very simple concept — there should be a venture fund that focuses exclusively on helping founders with all things product. Not the craziest idea.
The concept resonated. Our first fund has become a product partner to 40+ founders from the earliest stage (first check) through the Series B. We already have many breakout companies in Fund One including Roam Research, Misfits Market, Sunday, Alt, and Pipe.
We also launched a mentorship program focused solely on product development called Product Club. …
We have seen a trend the past few years of startups who are building in public. Founders share their daily successes and failures to build an early community, usually on Twitter.
We often tell our founders to build in public, but for productivity software, we recommend another approach.
Raycast is the opposite of building in public. They have instead been building in private for the past year, which is oddly refreshing to see in 2020.
Beyond a few screenshots that have been shared on Twitter, the Raycast founders have been heads down since finishing Y Combinator W20 in early 2020.
Instead of making a ton of online noise, they released the product to a small set of beta customers and have been iterating on product, with an obsessive focus on getting the tiny details right. …
Original article by Gaby Goldberg
At Chapter One, we started this accelerator with the goal of staying small and maniacally focused on product. We received over 500 incredible applications and narrowed it down to three, each with a game-changing product and vision.
Now, it’s time to get started — let’s meet the teams.
At Chapter One, smaller is better. When I created Fund One, I wanted to keep AUM small to make sure I know what the hell I am doing.
I’ve seen first time fund managers raise massive funds, which is cool, but I’ve always thought of Chapter One as being a product with Fund One as my MVP.
When I became a full-time investor, people told me that I would miss the quick feedback loops — but Chapter One is iterating and today we’re releasing our most exciting product to date.
We are excited to launch Product Club, an early stage product mentorship program specifically designed to help you build your products from scratch. …
Chapter One is hiring our first Designer in Residence (summer internship role), based anywhere in the world with an internet connection.
You are wildly creative and have designed some weird, out-of-the-box shit on mobile and web. You love 0–1 design and building original concepts, but also know how to design a deck.
You find happiness from prototyping things and building brands from scratch. Although you’re a designer first, you are probably pretty technical (or nerd out in esoteric no code debates).
The internship is paid and will last from the sunny summer months of June 2020 to September 2020.
We are specifically looking for a product designer who is in college or a similar career stage, and has already built a unique design portfolio through summer roles or personal design work. …
In early April, Ryan Hoover called to talk about an idea he was exploring with his partner at Weekend Fund, Vedika Jain.
At the time, “Fundraise From Home” didn’t have a name, but the basic idea was to create an easier way for entrepreneurs to meet top quality investors with a single video call.
I thought the idea was interesting for three reasons:
1. Fundraising is expensive and should be democratized:
Early stage entrepreneurs spend an insane amount of time pitching individual investors. Before COVID-19, this often included plane flights, Uber rides, and dozens of meetings. …
In the past week, I have received emails from many talented people who have have been impacted by COVID-19. One of my first questions to each person has been “have you ever thought about starting a company?”
I was pleasantly surprised that many people said “yes” — they will consider starting companies as one of their future options.
My instinct is that there are many people throughout the world that haven’t emailed me who are considering creating companies right now. These folks are likely looking to meet investors and potential co-founders.
Some people who emailed me have very clear ideas of the companies they would like to build. …
In San Francisco, there is a small music venue called Rickshaw Stop in Hayes Valley. I used to go there when I was young and cool.
I sometimes went to the venue on a random night and saw people waiting in long lines for a band I had never heard of. Without asking questions, I would hop in line too, knowing something special must be happening inside.
More often than not, the music would start playing and the 400'ish fans inside knew the lyrics to every song. The shows were a religious experience for these people. …
Chapter One is hiring our first intern, based out of Los Angeles or anywhere in the world.
This is a unique opportunity, as you will be an investor and build product at the same time. If you can’t decide whether you want to become a VC or a product manager, I’ll help you figure it out.
The internship is paid (we all need to live) and you will be included in every aspect of building a new fund, while shipping product alongside me.
I am specifically looking for someone who is in college or a similar career stage, though that’s not required as smart people come from…
Over the next few months, Chapter One will be running an experiment called Study Club, which are online professional support groups to talk about real life stuff (you can apply for the first “product study club” here).
At UCLA, I had a study group that met every week to grab coffee, work through homework together, and have fun. The people in my study club became some of my best friends on campus.
In the professional world, we learn every single day and solve similar problems within different areas. …