A new venture studio has launched in Lehi with the intention of creating a new model for startup companies. The firm, Wingspan, also announced its first two investments and a partnership with Tech9, a custom software development company based in Ontario, Canada.
According to Josh Little, a managing partner at Wingspan, the company will offer a new model for company creation — an institutional co-founder that provides both capital and a turn-key team of product strategists, designers, engineers, marketers and recruiters to budding companies. Wingspan will invest $1 million to $2 million in each venture as a mix of cash and services in exchange for a minority stake in the company.
“We aim to build 25 to 30 great companies over the next decade,” Little said. “To accomplish this goal, we plan to Please log in to see the rest of this story.
