Pretty cool story on Fortune about a VC firm looking to give you $50,000 if you come up with the name of their firm. Now understand the $50,000 will be allotted as an investment in their new fund.
From the article:
Atlas has just launched a new website, in which you can suggest up to 10 names. If they pick yours, you will be given a $50,000 investment in a new $200 million fund that the firm just closed (marketing only began in January, and $200m was its hard cap). If the fund loses money, then you’re basically out of luck. But if it’s profitable, then you actually could earn multiples of that figure. In other words, you’re just like any other limited partner — even getting the right to attend annual meetings.
Well, with one big caveat: Only half of the “winnings” would go into your bank account. The other half will be earmarked to the TUGG nonprofit of your choice. For those who are unfamiliar with TUGG, it’s a Boston-area philanthropy network founded by FKA partner Jeff Fagnan, with a focus on “catalyzing social entrepreneurship.”
Read the full article on Fortune