raised by parallel18’s alumni
What we will provide for GenX #p18startups?
Grant with 1% pledge to boost your startup growth*
Investment on an uncapped safe with a Most Favored Nation Provision(MFN)
Hand-picked mentors and experts that have the best fit with the cohort so they can share their knowledge through talks and one-on-one meetings.
The parallel18 investor network is composed of hundreds of local and international members, which actively invest in startups from Latin America, the United States, and Puerto Rico.
Through our parallel18 Connect program, we match startups with local and international companies that are eager for innovation and can see their solutions as a way to move forward.
Perks for all: we offer discounts on related services (Google Cloud for Startups, AWS, Hubspot, and more).
*1% pledge – Commitment to donate to the Puerto Rico, Science, Technology, and Research Trust (PRSTRT) 1% of the company’s shares at the time of its acquisition or IPO.
High-quality business education is a must for every founder, especially when they are looking to grow and scale their business.
Become a #p18ner to make it happen.
What do we ask from startups?
We have seen the best success with startups that already have sales or users willing to pay for their products. For GenX the traction metrics will be evaluated as follows:
- Enterprise/Marketplace startups: $2k+ in MRR (monthly recurring revenue) with 20%+ monthly growth.
- Consumer products: 3k+ DAUs (daily active users) with 5%+ weekly growth.
companies that have a business model that can be adapted to other markets but that have already launched their products in at least one market.
startups that have been operating for three years or less. This timeline counts from the moment the company starts selling.
Move to Puerto Rico for five months
Get involved with Puerto Rico’s startup and business ecosystem and be willing to stay on the island for the duration of the program.
Plan for Puerto Rico
Have a plan for your performance in Puerto Rico. This includes hiring and acquiring customers, among others.
This does not mean that they necessarily have to be technology-driven companies; we measure innovation as introducing a new process that solves an issue, or a technology that is intellectual property.