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The Designer Fund Strikes Again

Author: Venture51 | posted in: BlogUI/UX | No Comments

Jan 02 2012

Last week, our friends at The Designer Fund (disclosure: we are investors) moved the needle again to bring design to the forefront of the startup experience. Some might argue that design has always been at the forefront of startup which is true for some.

By our observations, there is a shortage of true startup designers. True startup designers are versed in user research (customer development), information architecture (IA), interaction design (IxD), visual design, and storytelling (copy writing and messaging). They also possess back-end skills and have a thorough understanding of the technology stack that the product is being built on. Just as importantly, they get the big picture and realize that user experiences are built around business models as well, including marketing, distribution, customer support, sales, business development and operations.

We interact with founders in and out of our portfolio everyday. Top of mind for them, is building a better product/customer experience. However, they struggle with finding and hiring true startup designers. Mainly because these designers are scarce, either they don’t posses the total skill-set they’re seeking, or they are too risk-adversed to take the leap into startup.

We also hear the other side of the argument where building design into the product before proving value is premature. That makes no sense. This point of view says that design isn’t part of the value creation. There are many companies that built around experiences first in order to provide value to an existing or nascent market (Mint, Instagram, Tumblr, Path, Vimeo, Pinterest, Etsy, and Flipboard to name a few). When we invested in The Designer Fund, their value prop was very easy for us to understand:

  1. Create awareness in designers that, for them to take their value to the next level, they must posses the right mix of skills to add value to a startup. And when they get that bench depth, they’re ready to make that leap into startup.
  2. Help them start their own companies or help pair them with the right startup who is desperately looking for a startup designer (as 90% of them are)

Did you know that billions of dollars worth of value have been created by tech startups with designer co-founders? Check out this interactive infographic from The Designer Fund which is a great step to amplify the impact of designers with various backgrounds in the context of early-stage tech startups.

As they, we, and many others unpack this new thesis, they’re also getting out of the building to interview every designer founder they can find who’s made a venture-backed tech startup. The collection of interviews will be published as a non-profit book (called Designer Founders) that will be free for students with the goal to synthesize reoccurring patterns and lessons to inspire the next generation of entrepreneurial designers.

The bottom-line, The Designer Fund is helping to foster a more frictionless environment for founders to recruit or find startup designers, or for designers themselves to start their own companies. Amen to that!



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