Content

Contrary Sabbatical 2022

Contrary HQ

July 28, 2022

News

For the past two years, we’ve run programs focused on identifying and supporting ambitious builders before their startups even exist.

The feedback - both internal and external to our community - was overwhelmingly positive. We received thousands of applications and backed several startups including Zepto, now the fastest growing startup in India.

Zepto CEO Aadit Palicha said, “When my co-founder and I were still finding our bearings, Contrary kickstarted our entrepreneurial journey by writing the first cheque.” Just 2 years later, they’ve raised hundreds of millions of dollars and hired over a thousand teammates.

So this year, we’re excited to launch Contrary Sabbatical, a program designed to help you quit your job or drop out of school to build an iconic startup of your own.

And we’re upping the stakes - investing up to $250,000 in up to 5 founders who choose to forge their own path.

The Details

Anyone can apply. Tech employees: quit your job. Students: take a break from school. The only requirement is that you commit to spending a full year with pure focus on your company.

We will support Sabbatical founders like any other portfolio company: with connections to operators who have scaled companies from zero to thousands of employees, a diverse network of potential hires, and tactical advice from our team.

We have no industry or geographic preferences, including international founders. Many of our portfolio companies were started by immigrants, and we don’t want physical location to get in the way of a startup.

We’ll invest in companies through a standard SAFE (no discount, no MFN clauses), on a generous valuation depending on your level of progress (e.g number of users, technical milestones achieved, etc.).

Teams can apply by filling out the application here.

All applications are due by 8/31, and will be considered on a rolling basis. If you need to make a decision imminently, please also note that in your application, and we’ll fast-track it.

If you have any other questions, don't hesitate to reach out at sabbatical@contrary.com.

Disclosure: Nothing presented within this article is intended to constitute legal, business, investment or tax advice, and under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in any investment fund managed by Contrary LLC (“Contrary”) nor does such information constitute an offer to provide investment advisory services. Information provided reflects Contrary’s views as of a time, whereby such views are subject to change at any point and Contrary shall not be obligated to provide notice of any change. Companies mentioned in this article may be a representative sample of portfolio companies in which Contrary has invested in which the author believes such companies fit the objective criteria stated in commentary, which do not reflect all investments made by Contrary. No assumptions should be made that investments listed above were or will be profitable. Due to various risks and uncertainties, actual events, results or the actual experience may differ materially from those reflected or contemplated in these statements. Nothing contained in this article may be relied upon as a guarantee or assurance as to the future success of any particular company. Past performance is not indicative of future results. A list of investments made by funds managed by Contrary (excluding investments for which the issuer has not provided permission for Contrary to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at contrary.com/investments.

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