Weekend Fund

Weekend Fund

A venture capital and angel investing firm focused on making early stage investments.

Weekend Fund is a venture capital and angel investing firm focused on making early stage investments that is headquartered in San Francisco, California and was founded in 2017 by Ryan Hoover. Notable investments made by Weekend Fund include: TTYL, YOLO, Carenote, Secfi, Northstar, FaZe Clan, Codeverse, and Spectrum.

Ryan Hoover started Weekend Fund after a company he previously founded called Product Hunt was acquired by AngelList. The company make early stage investments in startups ranging from $75,000 to $200,000 with a focus on investing in companies operating in the following industries: distributed/remote working, audio/voice technology, digital celebrities, and tools for creators/makers.

Weekend Build

Weekend Build is a project ran by Weekend Fund to help entrepreneurs turn their side projects into a functioning company. Weekend Fund took a survey of over 300 people working on side projects which resulted in the company gaining close to 9000 data points on people working part time on their side projects. They found that 56% of people working on side projects either wanted to, or planned on, quit their job to work on their side project full time, and that 29% of people working on side projects would consider quitting their job to work on their side project full time.

Graphical representation of the Weekend build survey.

They also found that 50% of side projects people were working on were making money (95% were making less than 5K/month), 81% of people never applied to a business accelerator, 865 of people never tried raising money for their project, and 52% of people thought their projects could grow in $100 million plus companies.

Investment funds

Fund I

On August 17, 2017 Weekend Fund completed raising money for their Fund I investment fund with $3.1 million in funding.

Fund II

On September 6, 2019 Weekend Fund completed raising money for their Fund II investment fund with $8.7 million in funding from 98 investors.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Pipe (company)

Pipe is a financing platform for SaaS companies based in Los Angeles.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Fund II, a series of Weekend Fund, LP
10,000,000
8,676,000
September 2019
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People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Weekend Fund 2.0

Ryan Hoover

Web

November 25, 2019

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Danny Crichton
June 15, 2020
TechCrunch
Startups need money. State and local governments need startups and the employment growth they offer. It should be obvious that the two groups can work together and make each other happy. Unfortunately, nothing could be further from the truth. Each year, governments spend tens of billions of dollars on economic development incentives designed to attract [...]
Kate Clark
November 25, 2019
TechCrunch
Ryan Hoover's Weekend Fund closes second fund.

References

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