The social club for tech entrepreneurs raised $12 million in a funding round led by Andreesen Horowitz.
Launch House, an integrated physical and digital community built to cultivate rising founders and creators, raised $12 million in Series A funding, the company announced Tuesday.
The round was led by Andrew Chen of a16z and joined by CAA co-founder Michael Ovitz, Chris Ovitz of Electric Ant, Mike Dudas of 6th Man Ventures, and Bankless Co-founder Ryan Sean Adams. A significant group of Launch
House community members participated as well.
The funds bring Launch House one step closer to its goal of helping tech entrepreneurs shape the vision for a Silicon Valley that doesn’t look like it did a generation ago.
“Launch House is building institutions for the New Silicon Valley. The center of gravity in the startup world is shifting to Gen Z/young millennials, Web3, and places outside of San Francisco (such as Los Angeles, New York City, and online),” said Brett Goldstein, co-founder of Launch House. “That means in order to adequately attract and cultivate talent in this new world, the model for (and vibe of) accelerators and universities also needs to shift.”
Through curated one-month Residency programs, Launch House helps rising founders develop the skills, experiences, and networks they’ll need to take on everything from ecommerce to blockchain to the metaverse.
“Launch House’s unique approach coupled with the tailwinds of remote work, the rise of Gen Z, and the shifting funding environment has solidified their role as the third space for the new distributed Silicon Valley,” said Andrew Chen, General Partner at Andreessen Horowitz. “The impact they’ve had on the LA ecosystem alone is a testament to the power of the network they are building,”
To learn more about Launch House and its programs, for founders and engineers, visit launchhouse.com.