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Powerset gives founders $1 million to invest in other startups
Powerset, founded in late 2022, is an investment program with a simple hypothesis: what if the best investors aren’t venture capitalists but other founders, scribbling off checks in between late night coding sessions and board meetings?
There’s no hard and fast rules for who qualifies for Powerset’s program — just that you are building a company and immersed in the tech ecosystem. “Hopefully your company is getting to a scale where you kind of get some organic connectivity,” Zeller said, meaning that other founders like your product and are naturally reaching out to you. But Zeller does have one deal breaker: he’s not interested in anyone who views PowerSet as an off-ramp to running a company, with aspirations to imminently become a full time venture capitalist.
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