HackerBay Ventures

Overview

HackerBay Ventures is a venture capital firm specializing in early-stage technology companies, particularly those offering software and digital solutions. They seek businesses that have been operational for at least a year, demonstrating a minimum annual revenue of $10,000, ideally $20,000, and up to $100,000, with a strong team in place. The firm emphasizes sustainability, unit economics, and a clear path to profitability over rapid, unchecked growth. Their investment strategy targets three primary sectors: SaaS (Software as a Service), Enterprise Software, and Developer Tools. In SaaS, they prefer companies with a subscription model, a few paying customers, and a demonstrated path to profitability. For Enterprise Software, HackerBay Ventures focuses on businesses that modernize practices through data and digital experiences. In Developer Tools, they invest in products that enhance software development processes, aiming to improve code quality and collaboration. HackerBay Ventures distinguishes itself by offering straightforward investment terms, typically using SAFE (Simple Agreement for Future Equity) notes, and committing to a quick decision-making process, often providing an offer within seven days and closing within 30. They do not require a board seat, avoiding complex deal terms and extensive due diligence, reflecting their desire to be the type of investor they wished they had when starting their own ventures.

Investment Focus

• Minimum annual revenue of $10,000, ideally $20,000, up to $100,000
• Strong team in place
• Focus on sustainability and profitability over rapid growth

Portfolio Companies