FREQUENTLY ASKED QUESTIONS
What is Purpose Evolver?
Purpose Evolver is an organization that helps entrepreneurs to build purpose driven companies to make an impact.
Why does Purpose Evolver exist?
We want to empower extraordinary entrepreneurs and startups to create a better future!
Is Purpose Evolver a startup accelerator?
Don’t call us “accelerator”, we are EVOLVERS!
born on the recognized need to actually detach from the linear approach of traditional accelerator programs. Our goal is not accelerating existing startups nor to push them into some kind of grow-hack mechanism. Our program is aimed to literally
evolve people, teams and projects to create impactful, viable, purpose driven companies.
How does Purpose Evolver support startup companies and entrepreneurs?
We offer to the selected initiative a 3-month “Evolution Program” renewable up to 1 year! According to the needs of today's fast-changing conditions, our program is continuously improving based on the inputs we obtain from each initiative, our mentors and the community.
We connect purpose-driven entrepreneurs, certified mentors, doers and investors and we provide them with the right structure and ecosystem to evolve early-stage ideas into sustainable organizations to make a massive impact.
How does the Evolution Program work?
The Evolution Program is a 3-month mentorship program that can be extended up 1 year.
It is divided into different phases:
Selection: A startup company or an initiative that participates and completes a Purpose Alliance Challenge can either be directly selected or request access to Purpose Evolver by submitting an application. The selection process is based on the completion of your application, a short video and a matching mechanism of available mentors with applicants.
Trial Period: A selected startup company signs a pre-agreement and starts a Trial period of 3 weeks during which the assigned Purpose Evolver Mentor kicks off the evolution process using the Purpose Launchpad Methodology;
Exploration Phase: If both, the startup company and the assigned mentor, agree, the company joins officially the 3-month Purpose Evolver Program;
Evaluation Phase: Only a very selected number of startup companies will gain access to this phase; those who do, may receive a cash or other types of investment from Purpose Evolver;
Impact Phase: Once a startup has been assessed by a board of mentors to have achieved a certain evolution stage and surpassed the Evaluation Phase, Purpose Evolver will focus into increasing a company's chance to make an impact (either by connecting with impact investors, key partners, or by directly providing more assets).
How much does the program cost?
During our program we truly focus on building a transparent, trustworthy relationship with startups and entrepreneurs. Insetad of charing a big fee or taking a big equity at the beginning of the progra, we created different layers of compensation throghout the phases of the Evolution Program.
An example: If you are a selected startup in the Evolution Program Phase I, you won't be asked to give away any equity of your startup; Instead you will be charged a simple 2% revenue share royalty fee for 5 years (+1% for another 5 years): that is 1/3 less than having a Paypal account!
How Purpose Evolver program is different?
When we talk about supporting startups, we don't believe in finished, static, one-fit-all programs or solutions. Just like our selected initiatives, we continuously iterate and evolve our program based on our community inputs and continuous learnings!
Our mentors use Purpose Launchpad Methodology best practices to tailor strategic solutions to each of the initiatives they mentor.
here to learn more about Purpose Launchpad Methodology
Can I become a Purpose Evolver Mentor?
Excellence is one of our core values! That's why all Purpose Evolver Mentors are required to, first,obtain their Purpose Launchpad Mentor Official Certification; A rigorous training program that allows mentors to properly and effectively implement the Purpose Launchpad Methodology. To become a certified Purpose Launchpad Mentor,
Apply here .
If you already are a certified Purpose Launchpad Mentor, and you are interested in joining Purpose Evolver, please,
What are the benefits of becoming Purpose Evolver Mentors?
We believe rewarding mentors for their support and guidance is very important. That’s why all Purpose Evolver Mentors are compensated, every time they mentor a Purpose Evolver initiative, support the Community and work with our startups.
If you are a certified Purpose Launchpad Mentor and you are interested in joining Purpose Evolver, please,
How can I invest into Purpose Evolver startup companies?
If you are an investor and you want to learn more about the ecosystem, how you can get involved and/or invest, please
Does Purpose Evolver give money to its portfolio startups?
It depends! We believe in the power of our community and people, especially entrepreneurs to make a better future. By leveraging the power of our community, we connect purpose-driven entrepreneurs, certified mentors, doers and investors and we provide them with the right structure and ecosystem to evolve early-stage ideas into sustainable organizations to make a massive impact. Even though we do not ensure access to capital, by creating an ecosystem based on trust and purpose, Purpose Evolver facilitates the interaction between private investors, members of the community, and our portfolio startups.
During the Evolution Program Purpose Evolver may or may not invest in startup companies depending on specific criteria of fundability. For example, if a startup company is considered to be in the Exploration Phase, will most likely not receive any funds from Purpose Evolver directly. On the other hand, a selected startup may also join the program AND already meet established criteria (such as value proposition market fit, MRR and other metrics); in such a situation, Purpose Evolver may start a due diligence process to ensure fundability of that startup and to provide access to capital.