Megan O’Connor hadn’t fully developed the concept for Clark, an app that connects tutors with students, when Human Ventures invited her in 2015 to build the company out of the venture capital firm’s New York office. Through Human Ventures, Ms. O’Connor found a business partner and hired her first employees, while gaining insights into how to run her business.
The hands-on approach taken by Human Ventures is becoming more common in the venture capital world, with a new breed of VCs playing a much bigger role in the startups they fund. Under what some term the “studio” model, investors and startup veterans guide founders through the logistics of growing a company. In return, the so-called startup studios receive a larger equity share than a typical venture capital firm.