headquarters hamburg germany website www.hackfwd.com hackfwd was a german pre seed company started in 2010 by lars hinrichs . 1 hackfwd only planned to invest in developers with prototypes or demos for a fixed timeframe of 12 months . the timeframe was used to get to beta and create a viable business case . hackfwd claimed to provide a support structure doing all administrative work clarification needed helping with finding advisors . of the 30 % equity stake that hackfwd takes 3 % were given back to the founders to distribute to advisors and mentors . hackfwd s headquarters were in hamburg and the company intended to invest across europe . hackfwd provided funding to startups of one to three people for a year . as of early 2011 funding ranged from 91 000 eur to 191 000 eur depending on the size of the founding team . 2 the investment sizes are fixed and detailed on the website . hackfwd differed from many accelerators and incubators in that the startups invested in did not move to central location . instead they run quarterly events called build events where all hackfwd members come together for feedback and expert mentorship sessions which were designed to offer the most relevant support to startups in different phases of the program . some of the material from the build events were made public on the where passion meets momentum video website . hackfwd made most of the funding process transparent and released much material in the public including a standardized contract called geek agreement 3 which details the terms of finance . while a startup could not directly apply to the program they could find a person who is part of the referrer network staff founders alumni academia and go through them . all referrers were listed on the website . hackfwd s business model evaluation tool phase 2 generator was also publicly available and could be used to submit a business idea to a referrer or privately as a tool for constructing and evaluating a business model . the company was shut down december 2013 due to its limited economical success . 4 references edit techcrunch article http eu.techcrunch.com 2010 06 08 xing founder lars hinrichs launches hackfwd a product oriented incubator dilution calculator http hackfwd.com dilution pdf agreement http hackfwd.s3.amazonaws.com system documents 4bd998 97aeae296382000002 geek agreement v1.2.pdf http venturevillage.eu lars hinrichs shuts down hackfwd external links edit hackfwd where passion meets momentum phase 2 generator pitch in berlin pitching contest for external startups hacknow a coding contest for under 18s in europe retrieved from https en.wikipedia.org w index.php title hackfwd & oldid 647145324 categories financial services companies of germanyhidden categories wikipedia articles needing clarification from august 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 february 2015 at 20 14 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view