12/30/2023 0 Comments Coupon for bootstrap studio![]() The unfriendliness has to do with Fractal's terms and conditions for investment, 20 founders tell Insider. "There's a cancer on all of the businesses that are coming out of this studio," another founder said. One Fractal founder told Insider that while he'd hit all the benchmarks the studio had predicted would grant him the attention of Silicon Valley's most renowned venture capitalists, these meetings seemed to end as soon as investors heard the name Fractal. But founders say outside investors, citing the venture studio's involvement, have shut them out. Regulatory filings show that its limited partner, Bienville Capital, an asset manager based in New York, has raised hundreds of millions of dollars for the purpose of backing Fractal companies. In Fractal's case, founders are relying on checks from some of Fractal's own investors to hold them over. The good times have ended for startups everywhere, with venture-capital funding harder to come by. Three years in, several Fractal startups are floundering in a sluggish economy. Now some aren't so sure it was the right decision. They'd have a six-figure salary and healthcare benefits. They could tap its staff of recruiters and analysts. The venture studio's pitch to investment bankers, product managers, and consultants was that if they signed on as an entrepreneur in residence, they could have their pick of ideas to work on without the financial risks that most startup founders take.įractal, which specializes in creating and funding industry-specific, or "vertical," software startups, would match these recruits with a cofounder with the technical chops to build a product. ![]() It often indicates a user profile.įor an aspiring entrepreneur hoping to create the next Shopify or Flatiron Health, Fractal's offer seemed too good to pass up. ![]() Account icon An icon in the shape of a person's head and shoulders. ![]()
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