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SproutBox is a team designed to build startups. SproutBox came together around a belief that startup culture is failing entrepreneurs— and they've made a commitment to change it.
SproutBox invests in Startups. They represent a new approach to venture capital that is about more than just writing checks. They invest themselves in a company’s success. Each year, SproutBox gives four hand-picked startups the team, tools, and resources needed to turn their early stage ideas into a revenue-generating reality.
SproutBox launches a new company every three months. During a 10 month cycle each company (affectionately known as a Sprout) receives $200-$250K worth of services and just enough cash to stay focused. By mitigating initial distractions (fundraising, hiring, workspace, benefits, legal, etc.), SproutBox allows entrepreneurs to do what they do best: build a great product. Instead of the traditional model of ramping up expenses and de-emphasizing revenue, companies exiting SproutBox have minimal recurring expenses, a clear revenue stream, and a marketable product.
SproutBox is a team of 10 coders, marketers and business experts that work with entrepreneurs full-time in exchange for equity. The SproutBox team members have founded and sold companies, managed thousands of employees, won a plethora of awards, and controlled massive budgets. But their strongest characteristic is a dedication to ensuring entrepreneurial success.
The Box is SproutBox's 8,000+ sqft facility located on the B-line walking trail in downtown Bloomington. At its heart is the collaboration room. There you'll find skylights, rolling desks, and floor to ceiling graffiti art. If you need some quiet time, you can hop into one of our 12 private offices, a conference room, or our recliner filled screening room.
SproutBox was started in 2008, though the idea of SproutBox started long before then. Since their start, SproutBox has released four Home Sprouts: DecideAlready, CheddarGetter, ScheduleThing, and Squad. They have also released two Sprouts, Proposable and Dingora. They are currently working on their third Sprout, myJibe.