How it Works
We offer superfast SAFEs exclusively for founders that graduated from MIT — to help you build the next wave of generational companies only MIT could spark.
- Apply · Answer a few introductory questions. We reply in 2 business days.
- Record · If you’re a fit we’ll ask you to record a 5-minute video answering a few questions.
- Decision in 7 days · Sponsors review the video, vote, and return a funding decision in 7 days.
Funding from 77 is available to startups with an MIT graduate on their founding team. We are a great fit for teams who are raising their first capital. We make quick decisions and invest via SAFEs of $10k-$100k.
For teams that are farther along, or for those raising a priced round, 77 has a sister fund, SBXi, that will match term sheets with checks up to $1M.
Yes! Please re-apply if you’ve had significant company updates or changes.
Eligible companies have an MIT graduate on their founding team. Graduates can be from any MIT school or program.
After filling out a quick application form, we’ll follow up by email in 2 days business days with details on next steps. If your team is a fit, we’ll ask you to submit a pitch video. The investment committee will review your video and return a funding decision in 7 days.
A simple agreement for future equity (SAFE) is an agreement between an investor and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment.
The SAFE investor receives the future shares when a priced round of investment or liquidity event occurs. SAFEs are intended to provide a simpler mechanism for startups to seek initial funding than convertible notes.
For teams that are farther along, or for those raising a priced round, 77 has a sister fund, SBXi, that will match term sheets with checks up to $1M.
Visit SBXi.com for more information.