Cherub's Founder-Led SPV program is best for founders who fit the following criteria:
Have an existing network interested in investing smaller checks (under $25K) with at least $45K already committed
Are operating on at least 6 months of runway
Show strong traction and signs of product market fit
Can commit 8 weeks and either have or plan on launching an SPV within 2 weeks of the program's start date
Haven't previously raised via an SPV or crowdfunding campaign
Operate under a C-corp structure
Are comfortable making the program investment ($5,650) and any associated SPV creation fees outside of the program (typically $4,500-$10,000 depending on the SPV provider)
If you're a pre-launch company that meets most of the criteria above and have raised most of your round, you may be a good fit to complete your round with an SPV.
However, if you're just starting with both your product and fundraising, we recommend beginning with your own network first. We find that founders that have the most success within the Cherub community have either demonstrated traction or strong commitment from other investors.