May 27 2021, Palo Alto, CA / Salt Lake City, UT – The Founder Institute’s VC Lab is proud to announce a global partnership with Assure, the Special Purpose Vehicle (SPV) specialist and leading provider of outsourced administrative and transaction services for the private investment marketplace. Assure’s mission to nearly eliminate the structuring and administration expense of investing in private assets aligns with VC Lab’s dedication to help emerging fund managers launch impactful venture capital firms all over the world.
The goal of the partnership is to reduce the barriers for emerging fund managers to access world-class talent and resources to support the launch of their funds, while creating global standards and best practices for the VC Industry when it comes to SPV formation.
As part of this partnership, all VC Lab participants will receive curated discounts on SPV formation services through Assure, and VC Lab will help fast track Assure’s client base into the program to help launch their new funds with VC Lab’s support. Assure’s deep bench of experts will work with emerging managers from the VC Lab program to help them with their SPV strategy, including fund formation, back office, and compliance management.
This exciting collaboration with Founder Institute means Assure can provide our industry-leading tools and services to a greater number of emerging fund managers, helping them drive investment where it matters most - startups that are making an impact. We are pleased to be part of this innovative and powerful global initiative.
- Katie Neilson, Assure CRO
The Founder Institute’s VC Lab helped launch 40+ VC firms in 2020, with an average fund size of $15mm, and is working to launch 150+ VC firms in 2021. VC Lab’s vision is to create 1,000 new venture capital firms by 2025 to support companies worldwide that are working to make an impact. VC Lab is a free virtual program that helps new managers to launch accelerators, pre-seed, seed or Series A venture capital firms globally. Participants work closely with the Silicon Valley team of the Founder Institute and other leading experts in launching VC funds, including experienced general partners, limited partners, fund of funds, and back office experts.
“We believe in a bright future fueled by venture capitalists with strong values. So, we created the VC Lab program with the Mensarius Oath to help innovative fund managers launch impactful venture capital firms in 12 months or less.
- Adeo Ressi, Founder Institute CEO
About the Founder Institute
The Founder Institute (www.FI.co) is the world's largest pre-seed startup accelerator. In the program, early-stage entrepreneurs and teams build their business alongside a critical support network of local startup experts that share equity in their success, and through a structured and challenging business-building process that has helped alumni raise over $975M. Leaders of the world’s fastest-growing startups have used the Founder Institute to raise funding, building a co-founding team, get into seed-accelerators, generate traction, recruit a team, build a product, transition from employee to entrepreneur, and more. Based in Silicon Valley and with chapters across 200 cities and 90 countries, the Founder Institute’s mission is to Globalize Silicon Valley and empower talented and motivated entrepreneurs to build companies that will create one million new jobs. The Founder Institute was founded in 2009 by Adeo Ressi and Jonathan Greechan. It is operated out of Palo Alto, California.
Assure (www.assure.co) is the pioneering, industry-leading provider of comprehensive structuring and administrative services for the syndicate and venture investment community. The company offers professional, high-quality services and innovative software that streamlines setting up, closing, and managing back-office fund administration for angel and private asset investing. Assure’s experience and volume significantly outpaces other fund administrators. Its approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the “super angels,” special purpose vehicles and micro VCs. The company has worked with more than 300 clients, including AngelList, EquityZen, Tribeca Angels, Republic and Launch, structuring and closing more than 5,800 deals with over $5.7 billion assets under administration. Assure offers a full suite of services including special purpose vehicle (SPV) administration, fund accounting and fund taxes, Exempt Reporting Advisor (ERA) services, KYC/AML services, 506(c) accreditation, and bookkeeping.