Description

• Direct Submission: Founders are encouraged to "write in" via the Official Website.
• Medici Project: For those not yet a founder but working on a project, they offer $1,000 grants. Applicants must email a five-minute Loom video describing themselves and their project.
• Focus: They look for "dropouts, renegades, and mad scientists" pushing the limits of knowledge, often in deep tech or sci-fi categories. 

Eligibility

• Target Profile: Founders without undergraduate degrees, renegade students, or deep-tech scientists.
• Sectors: Technology-focused, specifically software, deep tech/sci-fi tech, hardware with a data play, and biotech.
• Geography: They make initial investments globally, but the Medici Project grants are limited to teams based in North America.

Process

1. Submission: All website submissions are read by the team.
2. Initial Contact: If interested, the team typically reaches out within a few days.
3. Onboarding: Successful investments kick off with an onboarding meeting within a week of deal closure.
4. Ongoing Support: They provide weekly peer-support calls, mock board meetings, and a very active community group for hiring and advice.

What an Applicant can Obtain

• Capital: Funding ranging from micro-grants to seed checks.
• Community: Access to a network of 3,000+ hackers and makers.
• Mentorship: Guidance from the co-founders of the Thiel Fellowship.
• Follow-on Support: Continued investment throughout the company lifecycle and introductions to other VC firms.