One Navy veteran who founded a construction tech startup once told me that veterans could make some of the most successful entrepreneurs because they often possess the traits that are crucial to running a successful business, including tenacity, self-discipline, and focus.
So for Veteran’s Day, let’s highlight VC firms focused on investing in veteran-founded businesses. (To read about a VC firm that recently closed $20 million for its inaugural seed-stage fund and is investing in companies founded by military veterans, click here.)
Per its website, Virginia-based Hivers and Strivers describes itself as an angel investment group focused on early-stage investments in startup companies founded and run by graduates of the U.S. Military Academies.
“Most of our investors have served in the military and are successful senior executives with experience in a broad range of industries and business models,” the website says. “All of our investors understand that young veterans, and particularly graduates of U.S. military academies, are smart, highly motivated, determined, and are, arguably, the most capable young Americans in the nation today.”
This Knoxville, TN-based firm’s goal is to help “vetrepreneurs” turn their own ideas and visions into successful companies, according to its website. It was established out of the collective ambition of investors experienced in the business, cyberspace, aerospace, information technology, and finance industries.
“Our partners receive personal guidance from the very first stages, and are provided with all the resources and expert advice they need from our professional team members,” per the firm’s website.
Task Force (TFX Capital)
This Fort Mill, S.C.-based venture capital firm is focused on investing in “high-performing veteran founders” of seed and early-stage veteran business and startups. It has an extensive portfolio including edtech startup proctorfree, GoodUnited, Vemo Education, and on-demand car wash and detailing service spiffy.
Brandon Shelton, founder and managing partner of TFX Capital, says the firm sees an opportunity in driven veteran leaders.
“By properly supporting and connecting these individuals, we believe they will reach their performance goals, execute in their marketplaces and achieve their missions faster than their peers,” he wrote on the firm’s website.
This firm was founded in 2017 by a group military veterans and successful business leaders who that the members of Houston’s veteran community had “great entrepreneurial potential but that they needed resources: financial and otherwise in order to succeed.”
Per its website, 1836 Veterans operates under the premise that “military veterans represent a competitive advantage: They are a unique class of citizens whose experience, leadership ability, skill set, work ethic and character drive performance in the companies for which they work.”
Patriot Boot Camp was co-founded by Taylor McLemore, Congressman Jared Polis, and Techstars Co-Founder David Cohen as a volunteer effort organized under the TechStars startup accelerator to address the gaps in entrepreneurial support that military members, Veterans, and their spouses often encounter, per its website
PBC’s core program is an intensive three-day technology entrepreneurship boot camp modeled after the TechStars accelerator to provide educational training and 1:1 mentoring to inspire and advance startup founders, according to the organization. PBC runs the program twice a year, in Texas and Colorado, for cohorts of 50 tech entrepreneurs.
Now, we’re sure there is more of you out there, and we just didn’t know, so please reach out for next time.