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Announcing the WPBeginner Growth Accelerator Fund

Posted On August 14, 2018 at 9:03 pm by / No Comments

At WPBeginner, we are on a mission to help small businesses grow and compete with the huge guys. Today, I want to take the exciting step and bring these values to the WordPress business community with our new growth accelerator fund.

WPBeginner Fund

What is the WPBeginner Growth Accelerator Fund?

WPBeginner Growth Accelerator Fund is the first-ever growth fund focused entirely on WordPress businesses.

As part of this accelerator, we will invest between $100k to $500k in a small group of WordPress focused businesses. Along with the investment, we will work intensively with founders to refine and optimize their existing product / processes by using the Awesome Motive playbook.

Companies will also get to benefit from our vast media resources and the business network that we have built over the last decade.

The Tale Behind WPBeginner Growth Accelerator Fund

Over the last decade, we have spent a lot of time talking to users and figuring out how to make things people want. Usually we can see honestly quickly the direction in which an thought should be expanded to make the largest impact.

It took us a long time to get to this level, and I would have never been here without the help of my mentors and other incredible entrepreneurs who were kind enough to share their wisdom with me.

This kind of mentorship is available in a lot of other verticals, but it’s not openly available in the WordPress business community.

The WordPress small business community is full of incredible people. Over the last few years, I have had the pleasure to talk with so many of the talented entrepreneurs about their businesses and their inspiring journeys.

Several of them expressed interest in joining the Awesome Motive family, have me join their board, or getting an investment to quick-track their business growth. Few also expressed their frustrations about lack of investor interest in the space.

The problem is that the WordPress market is not very well understood by investors. And frankly, majority of WordPress businesses are not large enough to meet their criteria.

But this doesn’t mean that WordPress businesses don’t have the potential. It’s quite the opposite – they have a lot of potential. There are tons of opportunities to grow in the WordPress ecosystem with the right playbook, and I want to help prove that.

After a lot of thought and discussion, I have chose to make the first WordPress-focused growth accelerator fund to help boost the WordPress small business community.

Our Philosophy

We know that independence is one of the main reasons why people want to make a business in the first place, and it’s also one of the reasons why businesses succeed. Our goal is to interfere as small as possible with the day to day.

We believe that founders of WordPress-focused companies are fantastic at hacking. We want to empower them with our framework and resources to do just that.

Most investors offer a combination of money and help. In our case, money is by far the smaller component. We want to share our experience, knowledge, and resources (collectively “needle-movers”) to help founders grow their business.

We will offer a lot of advice, but we will never force anyone to take it.

The kind of advice that we will give literally can’t be bought because very few companies have the WordPress-specific insights like we do. And those that do are not in the business of consulting.

Format

For our first round, we will start small by hand-picking five WordPress companies to invest and work with. And no, we won’t question you to go to the Bay Area or another huge city.

If you have an existing WordPress business, then you can apply here.

We will review your application and invite the most promising groups to have a series of conversations with us. We will make our funding choice shortly after that.

Once funded, we will work closely with you to identify the growth levers in your business and help you implement the right processes to take your business to the next level.

Below are some of the benefits that you will have access to:

  • Our playbooks for product development, growth, and operations.
  • Office Hours with Awesome Motive Partners (including me)
  • Office Hours with Other Industry Experts
  • Bi-Annual Mastermind Meetings
  • Exposure on our media properties and access to our PR team
  • Private Founders Slack

How to Apply

If you already have a WordPress business, then you can fill out the application below.

Vital Note: this fund is for existing WordPress businesses that has been around for at least six months.

<mark class="wpforms-field-mark" for="wpforms-55125-field_1">Name *

<mark for="wpforms-55125-field_1" class="wpforms-field-sublabel after ">First
<mark for="wpforms-55125-field_1-last" class="wpforms-field-sublabel after ">Last
<mark class="wpforms-field-mark" for="wpforms-55125-field_8">Email address of the founder who is filling out this application: *
<mark class="wpforms-field-mark" for="wpforms-55125-field_3">Company name: *
<mark class="wpforms-field-mark" for="wpforms-55125-field_4">Company website: *
<mark class="wpforms-field-mark" for="wpforms-55125-field_5">If you have a demo, what's the url? For non-live demos, please attach a video or plugin download URL.
<mark class="wpforms-field-mark" for="wpforms-55125-field_6">Describe your company in 2 – 3 sentences. *
<mark class="wpforms-field-mark" for="wpforms-55125-field_7">Where do you live now? *

(List as City, State, Country – for example: Miami, FL, USA)
<mark class="wpforms-field-mark" for="wpforms-55125-field_11">How long have you been working on this business? *3 – 6 months6 months – 1 year1 – 2 years2 – 5 years5+ years
<mark class="wpforms-field-mark" for="wpforms-55125-field_13">Do you have revenue? *YesNo
<mark class="wpforms-field-mark" for="wpforms-55125-field_14">What was your revenue in the last full calendar month? *

(Please use USD. If none, enter ‘0’)
<mark class="wpforms-field-mark" for="wpforms-55125-field_16">What was your revenue in the last quarter? *
<mark class="wpforms-field-mark" for="wpforms-55125-field_17">What was your revenue in the last 12 months? *
<mark class="wpforms-field-mark" for="wpforms-55125-field_18">Anything else you would like us to know regarding your revenue or growth rate?
<mark class="wpforms-field-mark" for="wpforms-55125-field_19">Why did you pick this thought to work on? Do you have domain expertise in this area? *
<mark class="wpforms-field-mark" for="wpforms-55125-field_20">What's unique about what your product / business? *
<mark class="wpforms-field-mark" for="wpforms-55125-field_21">Who are your competitors, and who might become competitors? Who do you dread most? *
<mark class="wpforms-field-mark" for="wpforms-55125-field_22">What do you know about your business that other companies in the industry just don't get? *
<mark class="wpforms-field-mark" for="wpforms-55125-field_23">Have you incorporated, or formed any legal entity (like a LLC)? *YesNo
<mark class="wpforms-field-mark" for="wpforms-55125-field_24">What kind of entity and in what state or country was the entity formed? *

For example: Delaware C Corp or Nevada LLC
<mark class="wpforms-field-mark" for="wpforms-55125-field_12">Please describe the breakdown of the equity ownership in percentages among the founders, employees and any other stockholders. *
<mark class="wpforms-field-mark" for="wpforms-55125-field_26">Is there anything else we should know about your company?

(Pending lawsuits, co-founders who have left, etc.)
<mark class="wpforms-field-mark" for="wpforms-55125-field_27">What convinced you to apply to WPBeginner Growth Accelerator?
<mark for="wpforms-field_hp" class="wpforms-field-mark">Website

Final Thoughts

I am committed to the WordPress ecosystem, and I have two main goals with this fund:

  1. Help WordPress-focused companies succeed
  2. Help introduce more user-focused WordPress products

If you like a specific WordPress product that you reckon we should invest in, then please reach out to them and let them know about the growth accelerator fund.

Yours Truly,
Syed Balkhi
Founder of WPBeginner

The post Announcing the WPBeginner Growth Accelerator Fund appeared first on WPBeginner.

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