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Andrew Moers' Fundraiser:

First Step Fund

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Andrew Moers

THE STORY:

INVEST DETROIT FOUNDATION wrote -

The First Step Fund is an early seed, industry-agnostic investment fund serving emerging high-growth businesses in Southeast Michigan. This fund deploys between $10,000 and $50,000 in initial investments with considered follow-on investments of up to a maximum of $150,000 for qualifying companies.  The Fund often partners with other investors for investment rounds sized between $150,000 and $500,000, with the potential to provide follow-on funding.

The focus of the funding is to:

  • Prove-out business concepts and help secure initial customers
  • Foster the demand for early stage, commercially viable, high growth businesses that can scale
  • Level the high-growth, high-tech playing field for all
  • Be inclusive of women/minority/immigrant entrepreneurs
  • Promote economic economic development in the region
  • Increase job creation and tax revenue for the region

The Fund utilizes flexible instruments including loans, convertible instruments, and equity investments.

For more information, see http://investdetroit.com/managed-funds/first-step-fund/ and http://www.detroitinnovate.com/first-step-fund.

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MONEY RAISED
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The Team: $1,900 TOTAL RAISED SO FAR

Fundraiser Title

INVEST DETROIT FOUNDATION

Amount Raised

$1,200

Fundraiser Title

Alan Axelrod

Amount Raised

$250

Fundraiser Title

Brian Razzaque

Amount Raised

$125

Fundraiser Title

Laurent Crenshaw

Amount Raised

$100

Fundraiser Title

Julia Farber

Amount Raised

$100

Fundraiser Title

Matthew Dowd

Amount Raised

$50

Fundraiser Title

Heather Lord

Amount Raised

$25

Fundraiser Title

Ruth Fruehauf

Amount Raised

$25

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