We have a standard agreement with all of our companies. We receive 6% of founder shares in return for participation in Blueprint Health.
As an entrepreneur, you must ask yourself if joining Blueprint Health is worth the equity. If you think your company is worth $3M to $5M (a typical seed round valuations), you have to believe that we can add $100K to $200k of value to your company. Having worked with 60 companies, we have proven an ability to help our companies acquire customers and accelerate their fundraising process. The majority of our alumni would state that the value we have added has been exponentially greater than the equity they gave up. Time is typically an early stage entrepreneur’s most limited resource and we help you move faster to your sales, fundraising and team development goals.
Note that we receive equity based on the founders’ shares, not including shares in the option pool or that investors already hold. After option pool dilution and your first investment round we will typically own less than 4% of your company. You can read the agreement we sign with all companies here.
Although we set personalized goals for each company we work with – below are a few of the ways we help our portfolio companies accelerate their growth:
What You Will Get
Guidance That Money Can’t Buy
Every investor provides some combination of money and help. In our case the money is by far the smaller component. The money we provide is purely to help our companies pay living expenses for three months. The companies that join Blueprint Health get 10x the benefit of the capital given from the help we provide. The most impactful thing we do is working hand-in-hand with our companies to grow their businesses. The two managing partners, Dr. Brad Weinberg and Dr. Jean-Luc Neptune, are both entrepreneurs and programmers and the majority of our mentors are entrepreneurs as well. The type of advice we provide cannot be bought, because anyone qualified to do it is already a successful entrepreneur.
Nail your marketing and sales presentations
We work hand-in-hand with you to write the content for your marketing materials, including cold emails, pitch decks, and web site content, and will even join you on sales pitches to provide you with feedback. This is hands-on marketing and sales consulting which is hard to get anywhere else. We have a proven, rigorous process to developing engaging content that has been effective for our alumni companies.
Access to potential customers
We have spent over three years building a network of industry leaders and decision makers. Many of our alumni companies have gotten their first customer through our network. Yes we make a lot of introductions for you. Those introductions work though, because we have built a reputation in the healthcare industry for working with top-notch entrepreneurs and companies that are solving real problems.
Recognized as leaders in creating crisp, coherent investor pitches
People know when a Blueprint Health company is pitching. Our alumni have won numerous pitch competitions. But moreover, they have been very successful at raising capital with their pitches. We work intimately with our founders on their investor deck, investment pitch and demo day decks. You will leave our program, able to clearly articulate your business to almost anyone in any setting, giving you a leg up with investors and employees you want to hire.
Access to potential investors
The majority of investors in our portfolio companies have come through Blueprint Health connections. Most people invest in early-stage companies based on relationships. We help you dramatically increase the size of network and provide you with a level of credibility that helps open doors. Moreover we provide you with proven tactics to generate interest and close investors from your network as well as ours.
A pipeline of potential employees
We have built a network of vetted talent that is looking for interesting job opportunities at healthcare start-ups. Blueprint Health companies get special access to our network of talent and the ability to promote their openings on our job board.
A support group of peers
Starting a company is often a very lonely endeavor that friends and family don’t understand. Our alumni have consistently said that having a group of peers struggling with similar problems helped them with their own struggles. Instead of figuring out everything on your own, you have a group of peers that can share their tips and tricks and can lend a shoulder or an ear when you need one.