The Work Index by Flexa

Ulu Ventures

Ulu Ventures is a seed-stage venture capital firm dedicated to funding diverse founder teams building world-changing companies.

7.3

/10

Transparency ranking

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Description

Ulu Ventures is a seed-stage venture capital firm that focuses on funding diverse founder teams, particularly those often overlooked by traditional venture capital. They are committed to using data-driven decision making and a proven framework for evaluating risk and return in uncertain environments. Ulu Ventures has a strong track record of success, having funded over 200 companies and producing 10 unicorn companies.

The firm was founded by Miriam Rivera and Clint Korver, who share a passion for backing underdogs and championing independent thinkers. They believe in the power of diversity and the importance of promoting inclusion in the venture capital industry. Ulu Ventures has a unique approach to investment that emphasizes transparency, authenticity, and a commitment to social good. They are based in Palo Alto, California and have a team of experienced investors who are passionate about supporting innovative and impactful companies.

Flexibility

Ulu Ventures offers flexible work arrangements, with many job postings specifying remote or on-site and remote options. While the company is headquartered in Palo Alto, California, many roles are open to candidates in other locations.

Mission

Ulu Ventures is a seed-stage investment firm dedicated to funding diverse founder teams with big ideas that have the potential to change the world. They prioritize supporting underrepresented entrepreneurs and utilize a rigorous, data-driven approach to evaluate investments, leveraging decision analysis to make informed choices. Ulu Ventures aims to democratize access to capital and foster a more inclusive venture capital ecosystem.

Automation
Data-driven
Disruptor
Environmental impact driven
Improving quality of life/health
Science and research driven
Social impact led
Sustainability
Tech for good

Culture

Ulu Ventures cultivates a culture of transparency, authenticity, and collaboration, prioritizing diverse perspectives and supporting founders who champion independent thinking and address underserved markets. They are committed to ethical practices and servant leadership, creating a welcoming environment where risk-taking and innovation are encouraged, and individuals feel empowered to leverage their unique insights to build impactful businesses.

Agile and dynamic
Autonomous
Collaborative
Engaging
Entrepreneurial
People-first
Progressive
Supportive
Transparent

DE&I

Ulu Ventures believes that diversity is both the right thing to do and smart business. They actively seek out and invest in founders from traditionally overlooked groups, including women, people of color, and immigrants, believing that these diverse teams outperform non-diverse teams. This commitment to diversity extends beyond just the founders, as they also strive to build a diverse and inclusive team within their own firm. Their strategy is grounded in the belief that diversity fosters innovation, creativity, and ultimately, better financial returns.

Ethnically diverse
Gender diverse

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