Venture Out – Launch Lab
The Venture Out Launch Lab is dedicated to helping entrepreneurs incubate their unique ideas, validate market fit, and build companies that solve interesting problems.
Venture Out is dedicated to helping entrepreneurs incubate great ideas and build companies that solve today’s most perplexing problems. Their Launch Lab program validates pre-product market fit, provides world-class mentorship from entrepreneurs to investors and prepares startups for successful venture funding.
Launch Lab by Venture Out is a 12 week virtual accelerator program aiming to bring startups beta users, letters of intent or pilots from future paying customers, and $250K or more in funding. The curriculum consists of customer discovery, market testing & sizing, go-to-market strategy, financial modeling, investment pitch practice and incorporating the startup. Routine meetings with mentors for check-ins and office hours are available, in addition to one-on-one sessions with a dedicated managing director of Venture Out.
This program is not for the faint of heart. Launch Lab is only accepting serious founders, past the phase of curiosity, who are driven to cross over into full-time entrepreneurship. Candidates must be either currently working, or have worked, at a large tech company, seeking validation for their soon-to-be full time startup ideas or who have already taken the leap to working full-time on their startup within 6 months prior to applying. This program is meant for the serious entrepreneurs who are preparing to go full-time, but still need the regular day-job benefits while building a startup.
Venture Out first evaluates its applicants on their ability to quickly execute and the level of founder-market fit. Launch Lab takes 4% equity in its startups, which converts to preferred equity at the terms set by the next qualified financing with an equity-back guarantee, in order to stay completely aligned on growth. The programming itself requires at least 10 hours of work per week consisting of one-one-one meetings, cohort check-ins, relevant program content, mentorship sessions, and program deliverables.
Venture Out is a community of founders and startup mentors that supports aspiring entrepreneurs to venture out of their day job and into full-time entrepreneurship.
Funding & Benefits
“Newchip’s support was a great confidence booster for preparing for investor meetings. Newchip has also helped us fill our calendar with investor meetings!”