In addition to our Wefunder, we are separately raising a $5 million fund to invest in the founders in our ecosystem 👇🏾
100% of Kabila, Inc.'s share of the fund will be for the benefit of Kabila Inc. and its investors.
In 2013, Kabila's CEO, James Oliver, Jr., cleaned out his savings to build a website for his first startup, which required complicated code and James couldn't code.
Who does that? 😳
James was lucky enough to get into gener8tor's winter accelerator class in Madison, WI, but he desperately needed a co-founder who could code.
Not being able to quickly find a technical co-founder negatively affected the startup's ability to raise capital and execute.
James is also a Black founder and knows first-hand the challenges of being overlooked and underestimated in tech startup ecosystems.
Caleb Martinez, Kabila's CTO, has been obsessed with building community since he was in college at GA Tech, where he built an app to bring students together for the greater good. So when the two met, and James shared his vision for connecting co-founders to capital and each other, with a focus on inclusion, it was a match made in heaven!
80% of startups that reached a $1B valuation 🦄 had more than one co-founder (Source: Ali Tamaseb).
But, while Kabila was at Techstars, we talked with hundreds of startup founders and 70% of the founders who were looking for a co-founder couldn't find one.
Source: Kaufman Fellows Research Center
This is why Kabila focuses on eliminating unconscious bias with our co-founder matching app and only connects founders based on the things that matter, like vision and values alignment.
Even though, according to Backstage Capital, women, Black, LGBTQ+, and Latinx founders combined receive less than 10% of venture capital, we believe that diverse co-founder teams will have a capital raising superpower in the future. And when this happens, Kabila will be at the epicenter of the most badass co-founder teams in the world.
Through key partnerships, we provide mental health therapy and free business legal services for the founders in our online community.
Here's a workshop we did with Techstars co-founder, David Cohen, to help overlooked founders understand how to overcome investor objections and raise capital:
According to CB Insights, there are 1.35 million tech startups created annually, over the past five years, that means there are 13.5 million technical and non-technical startup founders who might be looking for a co-founder, since founders are constantly launching new ventures.
The rise in entrepreneurship bodes well for Kabila as founders will increasingly be looking for a co-founder.
After the recent launch of our MVP co-founder matching app, we have 300 users on the platform and have made thirty-two matches.
Your investment will help us get to market starting with local events in Atlanta, and by collaborating with the 700-plus incubators and pre-accelerator programs in the U.S. to make our co-founder matching app available to all the founders in their ecosystems.
Please join us on this important mission by investing in Kabila, Inc. today!