Beyond the Job, by E14 Fund is a program only for teams with key contributors from MIT, some spinning straight out of MIT, others with founders who left MIT decades ago.

Fellowship Investment: Fellowship investments are typically $50k to $100k on the most founder-friendly terms (typically as no-cap / no-discount SAFEs no-cap). They are aimed to give founders some breathing room before they go out and raise a larger round. There is no fixed schedule, milestones or program. Instead, we work with E14 Fellowship companies on an individual basis to help them be ready for a bigger check from E14 if and when it makes sense for the company, whether that’s weeks or months later.

Core Investment: Typically made at your first institutional round with a first check of around n $500k and $2M. The goal is to have a meaningful partnership and help through the various stages of the companies. Expected equity dilution for the core investment is 10-20%. Additional funds are also set aside to continue supporting your startup in future rounds.

E14 Fund is the officially MIT affiliated early stage venture capital. Born at the Madia Lab in 2013, We invest in scalable, MIT connected deep tech startups and donate a portion of profits to MIT. We also run programs on and off campus for the community at large. For more info visit E14 Fund’s website.