FAQs
What is the investment amount provided to the Founder & CEO of Virtuals?
The total investment is £500k in cash and services, which includes a founder stipend and a specialist resource and infrastructure budget of £89,000.
What type of operational support can the Founder expect?
The Founder will receive hands-on operational support, including a studio squad lead, a full-time venture builder, mentorship, and access to the wider Founders Factory team.
What is the duration of the studio program?
The studio program lasts for 6 months.
Will the Founder have access to any corporate partners?
Yes, the Founder will have unparalleled access to corporate partners, including senior access to Pico, the global brand activation agency, along with access to Founders Factory’s network.
Is there any support for fundraising?
Yes, experienced fundraisers will support the Founder in shaping their narrative and unlocking access to future sources of capital.
What type of office space is provided?
The office space is co-located with other companies and the Founders Factory team.
What are the qualifications expected from the ideal candidate?
The ideal candidate should have expertise in developing products around social media, experience building AI tools, a deep understanding of human psychology and branding, and proven experience as a founder or operator.
Is there a preference for any particular technological expertise?
Yes, experience with developing AI characters/chatbots, building AI models, and knowledge of content ownership models such as blockchain and the fediverse is a nice-to-have.
Will the Founder have equity ownership in the company?
Yes, the Founder will be the majority equity owner of the business.
What kind of new experiences will Virtuals create for users and brands?
Virtuals aims to leverage generative AI to create new forms of creative expression and social interaction while enabling brand-safe activations and offering users more control over the content they create and consume.