NextGen Growth Partners: Investor Fit
The Fit
Employed capital. Entrepreneur-in-residence model: search inside the firm on salary, then lead what you acquire.
At a Glance
- Lane
- Employed
- Funds
- The search phase and the deal
- Based
- Chicago and Austin.
- Track Record
- Founded in 2016; the entrepreneur-in-residence model, from EIR to CEO.
- Published Terms
- Up to 25% of the equity by vesting, plus the option to put up to 10% into your own search.
The Full Review
NextGen Growth Partners is reviewed in full in the directory, with its model, the searcher case for and against it, and every source: read the NextGen Growth Partners review.
How to Approach
Firms do not publish a term sheet you can prepare against, so this is how employed searcher (salary model) capital comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A recruiting process more than a fundraise: you are applying to a program.
- A case or deal exercise and a panel with the partners who would back you.
- A salary and committed capital, in exchange for most of the equity.
What It Weighs
- Whether you can operate, since the firm is hiring a CEO.
- Fit with the firm's playbook and the cadence its portfolio runs at.
- Why you would trade ownership for a salary and a built-in backer.
How to Prepare
- Know the firm's thesis and portfolio cold. Investor Match
- Weigh salary and equity against owning outright. Path Economics
- Bring a real deal, underwritten end to end. Underwrite a Deal
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Filter the whole shelf by your path on Investor Match.