When Ryan Hoover introduced me as Product Hunt’s new CEO a few months ago, he teased a big vision for the future. I’m incredibly excited to finally be able to share some of that vision with you today.
Say hello to Hyper, a new kind of early-stage venture firm inspired by the awesome community of makers and early adopters at Product Hunt. Hyper's investments are about a lot more than just money — we provide startups with the things they need most in today’s tech ecosystem: a great mentorship program, a helpful community, and unique distribution partnerships, among other things we’ll announce later this year. And what makes Hyper really interesting is how we plan to reinvest our fund profits back into the ecosystem.
We’re going to invest in a small number of startups four times per year, with the first group starting our 8-week founder program on September 10th. Applications for Hyper's Fall season are open as of today, so if you’re thinking of starting a company, you should apply now.
Why?
Things have changed a bit over the years, but there are still common challenges all startups seem to face. Today, well-connected founders have access to nearly limitless amounts of capital, but launching new products, breaking through the noise to reach potential customers or users, and building lasting companies are all harder than ever. And if you’re not well-connected, it’s even more difficult. Strangely, the VC model hasn’t changed much to address these issues since I first raised money a decade ago.