Story perspectives
Powerset Opens Applications for $1M Founder Investment Program
1/15/2025
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Story summary
- Powerset, established in late 2022 by Jake Zeller and Jonathan Swanson, invests $1 million annually in 5-10 founders.
- The program offers flexibility, enabling founders to invest based on their judgment.
- Participants receive 15% of profits and are motivated to mentor portfolio companies.
- Zeller asserts that experienced founders excel as investors due to their industry knowledge.
- Applications for the third cohort open this week.
