Description
SoundBoard Venture Fund is an early-stage venture capital and angel investment fund based in Montclair, New Jersey, USA, that takes a collaborative approach to investing by actively engaging its limited partners in deal evaluation, diligence, and decision-making. It focuses primarily on seed and early institutional financings and brings together experienced entrepreneurs, operators, and investors to support growth-oriented companies.
Pre-Seed / Seed: Active focus on seed and pre-Series A deals — typically post-concept companies with product/market understanding and some early traction.
Early Institutional / Series A: May participate as companies scale, acting as a lead or co-investor in early institutional rounds when appropriate.
Typical Check Size: Minimum around $50K and up to about $500K per investment, depending on company stage and syndicate participation.
Equity Taken:
• SoundBoard does not publish a fixed target equity percentage it takes in every investment; terms are negotiated on a deal-by-deal basis with founders and co-investors, as is standard for venture capital.
• Founders should expect meaningful minority ownership from an institutional lead’s participation — commonly in the rough range of ~5 %–15 % when a firm of this profile leads or co-leads a seed or early institutional round (industry norm for check sizes like those SoundBoard writes).
• Total dilution across all investors in a typical seed/pre-Series A financing often falls in the ~10 %–25 % range of company equity, with the specific allocation between investors determined by their relative contribution and negotiated valuation. (This range reflects general market norms for early VC investments where fixed targets are not publicly disclosed.)
Equity Structure: Investments are typically priced preferred equity or similar early institutional instruments tailored to the round.
Governance: With meaningful minority positions, SoundBoard may negotiate board observer or board seats based on its capital commitment and strategic role (deal-specific).
Submission Method: Founders generally engage via the SoundBoard Venture Fund website or through ecosystem/LP introductions; there is no widely advertised “open portal” but direct outreach and warm intros are common pathways.
LP Engagement: The fund’s collaborative process includes investor meetings and facilitated engagement with founders during diligence.
Eligibility
Sector Focus: Broadly tech-enabled and scalable businesses including agriculture, manufacturing, infrastructure/transportation, real estate/construction, consumer products, education, healthcare services, and select technology verticals (excludes heavy biotech/pharma).
Geography: Primarily U.S.-based and often companies within approx. 150 miles of the New York metro region (preferred but not strict).
Stage: Seed through pre-Series A / early institutional.
Company Profile: Founders with strong leadership qualities, clear understanding of their market and customer base, and scalable business models.
Process
Initial Intake: Founders submit pitch materials that demonstrate product/market fit and leadership strength.
Pitch & Evaluation: Investors participate in collaborative diligence discussions leveraging diverse perspectives.
Due Diligence: Deeper review of team, market, and business model.
Term Negotiation: Valuation, equity percentage, rights, and governance terms are negotiated per company and round.
What an Applicant can Obtain
Strategic Capital: Early institutional funding from a collaborative investor base with experience across multiple industries.
Network & Insight: Active engagement from seasoned LPs and operators in evaluation, mentoring, and growth guidance.
Follow-On Access: Potential for participation in later rounds alongside co-investors as companies scale.