Quake Accelerator Due Diligence

Welcome to Quake's Due Diligence form! If you are here, it is because you intrigued us with your company and we would like to know more about your business. First, let us share some basic information about Quake and its accelerator program.

= What does a typical Quake investment look like?

  • At Quake, we usually use the SAFE agreement as a model for our deal documentation.
  • Typically, Quake invests $150K in each company with a valuation cap of $1M - 3.75M(which means 4% - 10% equity exchange).
  • To maintain the operations of the accelerator program, Quake takes a claw back of 20% (i.e., $30K) of the investment.
  • The investment will be a series of 3 SAFE notes, with each tranche being $55K, $35K, and $60K, respectively:
    • The 1st tranche is paid a week prior to the program.
    • The 2nd tranche is paid in the 6th week, after your company pays back the 20% program tuition.
    • The 3rd tranche is paid a week after the end of the accelerator program.

= What is Quake's accelerator program like?

  • Quake accepts no more than 15 companies into each cohort.
  • The accelerator program lasts 12 weeks.
  • During the 12 weeks, at least one founder is required to be physically present at the accelerator, in either NYC, Austin or LA, and work alongside the Quake team. You will be working together with other dedicated founders from the cohort.
  • We are founder-friendly at Quake, and our goal is to help you succeed and grow your company in the long run. Therefore, we keep our required programming to a minimum. There are only four mandatory events each week, most of them during off hours.
  • During the accelerator program, the Quake team will work closely with your company as if we are part of your team. In the past, the Quake team has helped cohort members with sales, marketing, manufacturing, distribution, design, hiring/firing, and building their networks in NYC, LA, Austin, and Seattle.

= How is Quake different?

  • At Quake, we focus heavily on helping you get ready to raise follow-on capital, preparing you to pitch to investors as early as Week 2 of the program.
  • In our past cohorts, we have achieved 75% funding fulfillment for our portfolio companies prior to Demo Day.

= What is the process?

Quake will make the decision of whether you would have an interview after we review this file, if you make it, there will be 2 round interview, the 1st one will be 15 minutes phone call and the 2nd one will be 30 minutes video call. If you made to the final step, which is term discussion round, you will have a call with us to discuss the contract terms. Please be aware that the calls may be recorded for quality purpose.

For more information, visit Our Homepage; if you have additional questions contact us at Haonan@Quake.vc.

Now that you know more about us, tell us more about you. Let's start by sharing emails.

Application Guidelines

  • Please use US Dollars wherever applicable - not Euros, Canadian Dollars or any other currency
  • Additional documents, including pitch decks or financial statements, must be in English; we will be unable to address documents in French, Mandarin, Spanish, or any language other than English.
  • Fields that have * are required fields

Basic Information

Now let's go over the basics

Company Description

Please attach your company's deck. Acceptable formats are PDFs, Word docs / PowerPoint decks, up to 10MB size. Although we welcome, appreciate and invest in companies from all over the globe, please use documents/decks in English.

Max file size 10MB.
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Product

Give us the pitch - briefly* explain what is it that you do / sell / offer? (If it's too long, you can't explain it well enough; too short and we might not understand what it is you're doing)

If you're accepting pre-orders, what is the volume of orders (in USD and in number of orders/backers)? Please add a link(s) to your kick-starter / Indiegogo / whatever platform you are on.

Market Size

Please fill in market size data in millions of US Dollars

"A term that is typically used to reference the revenue opportunity available for a product or service". For more information see here

The segment of the TAM targeted by your products and services which is within your reach.

The portion of SAM that you can capture.

Business Model & Competitive Landscape

Traction

If not yet launched, write down N/A

If not yet launched, write down N/A

If not yet launched, write down N/A *

Please enter total revenues in US Dollars.

Please enter recurring revenues in US Dollars. Not sure how to calculate MRR? Click here.

CAC and CLV should be in USD. *

"the annual percentage rate at which customers stop subscribing to a service or employees leave a job"; for more information see here

Team

This information will help us evaluate the strengths and weaknesses of your team.

Financial Information & Metrics

Please enter a number in USD (e.g 3000000). Do not include any dollar signs or commas. Do not enter 2.5, 3.5, etc.

How much funds, in USD, are consumed by the company's operation each month?

Legal

For taxation reasons, Quake (and many other VC firms) only invests in Delaware C Corp entities; if you are not yet a Delaware C, you should be capable and willing to convert before an investment can be made.

The cap table is the division of equity (ownership) of the company among the (potentially) many founders, employees, investors, and so on.

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