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Longjump

Longjump

  • Sunnyvale, California, United States

  • Sunnyvale, California

Stage

  • Early Stage, Seed

Type

  • Venture Capital

Description

LongJump is a first-check venture fund based in Chicago, dedicated to investing in the next generation of founders. The fund provides not only capital but also connections and community support to help entrepreneurs take the leap toward building fast-growing, scalable businesses.

Mission

We provide seed capital to founders working on big ideas. We invest up to $100k at the earliest stages, providing the necessary capital to turn ideas into fast-growing businesses.

And because we’re founders ourselves, we can help you once we’ve invested — from fundraising, product, growth, sales, and more. Between our experience and our network of amazing folks from around Chicago, we can connect you to the right people and resources to help get you to the next level.

Beauty Investments #

  • 4

Primary Sector

  • Consumer, Food and Beverage, Tech

Beauty Exits #

  • 0

Last Beauty Invest

  • May, 2022-Hanahana Beauty

BEAUTY PORTFOLIO

How to Apply?

Just contact us hello@longjump.vc.

https://longjump.vc/apply

Applications for investment are open until July 15 at 12pm CT.

Considering an application for the Summer 2024 cycle?
Join us for a virtual AMA with our partners on June 13 at 12pm CT
to understand what we look for in applications, interviews, and more.

Application Cycle Evaluation Process:

Step 1: We typically complete the application review within 1-2 weeks of the application deadline close, at which time we’ll extend interview invites. If we choose not to move forward with your application, you’ll receive some short feedback as to why.

Step 2: We conduct interviews over ~4 week period after invites are sent.

Step 3: We aim to conduct additional diligence post-interviews and make investment offers within 2-4 weeks of your interview.

Application review happens quarterly

Criteria

Our Investing Process
Our process is rather different than your typical venture fund – read on to learn how.
We accept applications, not pitch decks.
You do not need a referral or introduction to be considered for a LongJump investment. But you do have to complete an application.
We do this for a number of reasons: to reduce bias, to streamline the information exchange from you to us and to help us, as full-time founders, manage the investment process more efficiently.

Resources Breakdown Funding Terms
  • $100k checks

  • Two options: a SAFE option and a common option.
    SAFE Option:
    -If you have raised less than $100k in the last 6 months, then our offer is standardized: $100k on a $4M post-money SAFE.
    -If you have raised $100k or more in the last 6 months, then we will make you a specific offer after reviewing your current terms.
    Common Option:
    -No matter what SAFE terms we offer, you’ll always have a second option to instead sell us common shares equivalent to 4% ownership in your company.
    -In addition, if you decide to take our SAFE terms, you have the option to change your mind within 90 days and convert our investment to 4% common shares. This option does not exist in the other direction; once we own common, that’s where we stay.
    -For either structure, we ask for pro-rata rights and basic information rights.

Education
  • Yes-Events
Accelerator
  • Type-No
  • Duration-No
Network
  • 34
1:1
  • Yes

IMPERATIVE: CULTURE & VALUES

Passionate

Resourceful

Resourceful

TBD

TBD

TBD

BEAUTY FUNDER FIT SCORE

Resources

Education

Accelerator

Network

1:1

5.25/10

Inclusivity Investments %
  • 0.00%
Beauty Investments #
  • 4

Beauty Exits #
  • 0
Last Beauty Invest
  • May, 2022-Hanahana Beauty

LEAD DETAILS

Lead Contact

Rebecca Kahnweiler

Title

Partner

LinkedIn

Twitter Handle

Longjump

Contact

Hello@Longjump.Vc

+1 (312) 884 1506

JUMP CONCLUSION

LongJump, a first-check venture fund based in Chicago, supports the next generation of founders with capital, connections, and community to build scalable businesses. Run by founders and operators, LongJump invests in high-potential entrepreneurs, offering additional support through a network of investors, employees, and advisors.

A Good Beauty Funder Fit, esp. for brands that target under-served consumer segments or emerging categories.

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