chtnnh's Digital Garden

antlerMENAP

2 min read

Notes on the Antler Intro Call

March 2025

  1. Antler was started in Singapore 5 years ago
  2. They have 22 active funds
  3. They select top 1% of their application pool
  4. Currently we’re in Founder Scouting (8,000+)
  5. After all the rounds, 80 make it to the 10 week residency
  6. If the IC funds you (around 12-15 teams from the 80+ founders) (180k USD for 11% as a SAFE capped at roughly 1.6 million USD post-money cap), you make it to Company Building for 12 weeks
  7. 10 week Residency
  8. Next residency in Dubai in April 2025
  9. Last time: 8000+ Applications, 80 selected, 26 nationalities, 15 average YoE, 83% have startup experience, 40% technical, <20% female
  10. Come in with an idea space
  11. MENAP must have an operational footprint, but building for the globe is encouraged
  13. There are only 20 seats left in the current cohort
  14. In MENAP, team breakups are rare
  15. Globally, the average number of teams per person is 3
  16. Things they want to see to get in the cohort
    1. Previous experience around 0-1
    2. Have you led teams
    3. How deep is your understanding of the sector
    4. Risk-appetite
  17. They don’t take board seats and only require a monthly update from the companies
  18. Each co-founder must have at least 10% equity in the company
  19. Primarily invest in teams that form early in the residency but there are exceptions
  20. There are 2 installments for the grant, once at week 3 and once at week 8, only if you make it by the way.
  21. People are asked to leave if they’re disturbing the environment or are not meeting their PoCs or founders who are not committing, some leave on their own, the dropout rate is less than 2%

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