Prehype
221 Canal St, 6th Floor, New York, NY, 10013, United States
Overview
Prehype is venture development firm HQ in NYC with offices in London, Copenhagen and Sydney, Detroit. Prehype is a venture development firm, building new businesses in partnership with the world’s finest corporations and VCs. They run workshops for companies like Diageo, NewsCorp, Mondelez, LEGO, and Verizon, in which they identify problems or missed opportunities and resolve them through their startup/early-stage approach. Some of their very successful ventures are Bark & Co (barkbox), basno.com, and Managed By Q.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Finance
- Incubators
- Venture Capital
Investment portfolio
- FLOWER CO
Participated · Seed · Jul 2019
Flower Co operates a membership weed-delivery platform that partners with growers to create house brands, encourages pre-orders, and offers members discounts of up to 40%. Memberships cost $119 annually and include faster delivery, access to private events and concert series, and deeper per-ounce pricing (examples: Forbidden Fruit $192 non-member / $142 member; House Sativa $63/oz with membership). The company has launched two-day delivery in Sacramento and is operating in a few California markets while scaling cautiously. CEO Ted Lichtenberger frames the opportunity as converting black‑market customers to the regulated market, noting the regulated market is roughly one-quarter the size of the unregulated market. Flower Co graduated from Y Combinator’s latest class and is positioning itself for long-term growth as regulation evolves.
- Amberjack
Participated · Seed · Apr 2015
Amberjack operates an online marketplace that lets users search for and book fishing trips from outfitters using filters and curated featured trips. Outfitters can add and customize their own profiles on the platform; browsing and outfitter profile setup are free. Amberjack takes a small slice of each successfully booked transaction as its monetization. The company positions itself to centralize a fragmented booking experience in a U.S. fishing industry it says is worth $40 billion annually. It raised $500K in seed funding to build the business and expand the platform. The service is launching now out of beta.