Launch program
We incubate startups at the MVP/prototype stage, help them get traction and then fundraise.
Who should apply to Launch
You have a (partially) developed MVP
Your product is either unfinished or just ready to be tested and you want to get the best chances at success in terms of engineering execution.
You are a subject-matter expert who can deliver the UVP
We incubate founders with extensive market knowledge that have identified an opportunity to address significant customer pain points.
You are looking for a new dev team to deliver the solution
You have already decided to find a new dev team to deliver your MVP and improve any required new features.
You can co-invest at least $50K to finalize your product
It's imperative to share the inherent high risk of early-stage investments. Therefore, we operate in a co-investment financial model.
Launch program overview
BEFORE YOUR INCUBATION STARTS
Launch incubation program application process
- 1.Submit your application.
- 2.First call to discuss your UVP and business objectives.
- 3.Second call to agree on MVP scope, processes and team.
- 4.Final call to discuss terms sheet and agree on the start date.
- 5.Signing legal docs and kicking off the project.
AT THE START OF YOUR INCUBATION
Release your MVP to the market
- 1.Develop missing required features.
- 2.Fix outstanding high-priority bugs.
- 3.Set up analytics tools (to record future traction).
AFTER 4 WEEKS OF INCUBATION
Test MVP with real customers
- 1.Keeping track of usage analytics using Google Analytics.
- 2.Customer behavior analysis.
- 3.Usability testing sessions and follow-up interviews.
- 4.Insights generation to achieve product-market fit.
AFTER 6 WEEKS OF INCUBATION
Improve product to gain traction
- 1.Bug fixing (what was discovered during testing sessions).
- 2.Aesthetics and UI improvements.
- 3.Build new features for identified gaps/unmet customer needs.
AFTER 10 WEEKS OF INCUBATION
Use traction to attract seed funding
- 1.Personal introductions to our investor network.
- 2.Assistance with investment strategy definition and execution.
- 3.Support in roundtable intros and term sheet negotiations.
- 4.Legal support to close the round successfully and at low cost.
AFTER 18 WEEKS — incubation program ends
When you raise seed funding
- 1.We help you onboard top tech talent through partnerships with the best software development houses.
- 2.We help scale your sales and marketing teams to grow revenue pipelines and brand awareness.
Launch co-investment model
We provide 2 investment deals depending on how many engineers you need.
Launch Small
- Jubile invests
- $100–200K
- Founder invests
- $50–150K
- Risk distribution
- up to 2/1 your favor
- Monthly tech team costs
- $18–36K (2–4 people)
- Equity sold to Jubile
- = SAFE for Jubile's total investment
Launch Large
- Jubile invests
- $200–500K
- Founder invests
- $125–425K
- Risk distribution
- up to 3/2 your favor
- Monthly tech team costs
- $45–72K (5–8 people)
- Equity sold to Jubile
- = SAFE for Jubile's total investment
Disclaimer: The above terms are NOT negotiable. SAFE terms include Pay-to-Play rights, 99.9% discount on next funding round, $1M valuation cap for Launch Small or $2M valuation cap for Launch Large.