Identifying the most promising ventures, the Village Capital way
Village Capital, the Washington, DC-based early-stage venture capital firm, adopts a unique model to identify the ventures it will invest in. Rather than getting entrepreneurs to make a pitch before it for funding and then going through an elaborate due diligence process, Village Capital finds these entrepreneurs and trains them before investing in their ventures. It runs an accelerator programme for 10-12 entrepreneurs and uses a peer-selection method to decide the ventures it will invest seed capital in.
The seed capital is provided by the investment arm of Village Capital, VilCap Investments, based in San Francisco. Village Capital focusses on five sectors – agriculture, financial inclusion, education, health and renewable energy – for its investments. It invests out of a global $17.7-million fund in the US, Latin America, Africa, India and is looking to expand its footprint in Asia, according to Deepak Menon, Regional Manager – South Asia, Village Capital.