Announcing Fund I
Today, we’re thrilled to officially announce Contrary’s Fund I, a $2.2M fund bringing world-class capital and mentorship to university entrepreneurs everywhere.
Backed by founding members from Facebook, Tesla, Reddit, Twitch, SoFi, MuleSoft, and many others, we continue to invest $50K — $200K in students, faculty, and recent grads/dropouts.
But perhaps best of all, our LPs are all intimately involved with our teams — not simply figureheads — allowing us to execute on our vision and continue leveling the playing field, whether you’re in Provo, Pittsburgh, or anywhere in-between.
While we’re announcing today, we’ve been investing out of Fund I for over a year now (13 investments), and the results have been exceptional: excluding those we’ve backed over the past 1–2 months, all of our companies to-date have received follow-on support from Tier 1 funds: Sequoia, Foundation, Social Capital, YC, and many others.
What started as our version of an MVP — the smallest possible fund to validate our thesis — has now evolved into something so much more.
One week from today, we’re kicking-off the most selective summer program for university entrepreneurs out in San Francisco (with our good friends @ Babson SF), where we’ll be spending the entire summer building, under one roof, with 10 of the top university-started companies from across the country.
If you’re a university entrepreneur, we just announced this morning that we have one final slot for this year’s program (apply here — the deadline is a week from today on 5/31). The roster is loaded, and it’s going to be one heck of a summer.
The past two years have been by far the most challenging and yet deeply rewarding of my life.
To our Venture Partners past and present. To our community of founders. And to the hundreds of people who’ve lent a helping hand along the way — letting me sleep on your couch, mentoring me, or personally investing and being a part of this truly special organization that we’re building: thank you.
We’re just getting started.
- Eric & The Contrary Team
P.s. — as always, if you’re a talented university entrepreneur building something special, shoot us a note: email@example.com.