MassVentures has secured relationships with several service providers and organization that offer free and discounted services to START companies to help them convert their research to businesses and jobs
Unstack - Website Builder and Marketing Stack: Free License for First Year
Unstack is a Boston, MA software company that provides a platform to companies to build, measure, and scale their web presence. Unstack's all-in-one marketing system replaces Wordpress and gives companies an agile no-code system for attracting, nurturing, converting, and retaining customers.
In support of MassVentures’ START program, Unstack can offer MassVentures’ START companies a year of Unstack at no cost. This is a $1200 value that we can provide to 15 companies per year.
Amazon Web Services: $100,000 AWS cloud credits
Privileged access. The most important thing we do is help connect your portfolio companies to experts at AWS who exist solely to work with them in a free, advisory capacity. These experts typically play a key role in optimizing products and operations for price, performance, security, compliance, growth and regional expansion. They can also offer insight into our roadmaps and privileged access to new technologies currently under wraps. Ask me about setting up an office hour appointment with a Solutions Architect to review your technical architecture for best practice use cases and scaling operations.
Starting quickly. AWS Activate is our program designed to help early-stage startups experiment risk-free with cloud infrastructure and services. MassVentures portfolio companies are entitled to a choice of $25,000 in AWS promotional credit that expires 2 years (for very early stage companies doing initial development), or $100,000 that expires 1 year after the date of a first institutional round of financing (seed or Series A stage). Another benefit that comes with Activate is 1 year of Business Support (up to $10,000). Business Support is another set of separate credits that provide 24x7 access to technical support and architectural guidance in the context of your specific use-cases. Portfolio companies should enroll in Activate here and use OrgID (case sensitive): 1IRPq
Exposure to the larger AWS or Amazon org: Whether in a specialized vertical (e.g. fintech, gaming, healthcare/life sciences, blockchain, edtech) within AWS or in a B2C context with Amazon.com, I can help make introductions to the appropriate resources. The Launchpad program is designed to highlight startup brands and provide them with onboarding, merchandising, and growth opportunities when selling on Amazon.com. We can also provide access to a specialized “Emerging Brands” direct-to-consumer team that can deliver more customized support to many start-up consumer product lines that launch on Amazon.com.
Everything you need to issue equity and manage your cap table. 409A valuations included in every plan. As a preferred partner, any company referred by Mass Ventures will receive 20% off their first year AND 100% waived implementation fees (typically 25% of first-year contract). Please note this offer is available to new customers and WILL NOT be applied retroactively to existing customers.
Carta Launch (Free platform for companies with up to 25 stakeholders and $500k raised)
Hubspot- Marketing and CRM Platform: 90% Discount
HubSpot is a Cambridge, MA developer and marketer of software products for inbound marketing, sales, and customer service. “HubSpot for Startups” is designed specifically for startups that need tools, strategy & support for growth that's both fast and scalable. 90% discount on first year license.
Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 130-year-old Massachusetts chartered commercial bank with approximately $3.8 billion in assets and a total of 18 private banking offices in Massachusetts and New Hampshire.
As the only locally based bank with a dedicated team focused on the financial needs of technology and life sciences companies, we take a creative approach to crafting customized banking and debt capital solutions.
Goodwin Procter, LLP is a global 50 law firm with a history of working on groundbreaking matters, and an increasingly focused approach to working with clients in the financial, private equity, real estate, technology and life sciences industries. Our more than 1,200 corporate and litigation attorneys leverage their specific experience and assemble full-service teams to advise clients in these and adjacent industries.
The following is a summary of special billing arrangements available to Participants in the MassVentures Start Program who become clients of Goodwin:
Non-billable Time and Rate Discount
Participant clients will not be charged for the first 5 hours of partners’ time and 10 hours of
Thereafter, there will be a 10% discount on fees for general corporate and licensing matters and no charge for attendance at regular board meetings. This arrangement applies until the Participant goes public. Strategic licensing, joint ventures, M&A and other significant corporate and IP matters do not qualify for this rate discount.
Wolf & Co. - Accounting Services: Free Consultation + Discounts on Services
Wolf & Company, P.C. (“Wolf”) is one of the top regional certified public accounting firms in the Northeast, New York and New Jersey. Building on our tradition of unparalleled guidance, we provide our clients with audit and assurance, tax, business consulting, risk management services, and WolfPAC Integrated Risk Management®.
Free one-hour intro meeting
50% discount on first-year corporate tax returns
20% discount on first-time financial statement audit
Free audit of the opening balances
Free 2-hour cybersecurity current state assessment
Bowdoin Group - Executive Search: Free Consultation on Hiring Strategy
Founded in 1994, The Bowdoin Group is an executive search firm that specializes in leadership and strategic roles, recruitment process outsourcing (RPO) services, and major hiring projects for a wide range of companies, from small firms building out their executive team to larger firms sourcing talent for rapid market expansion. With deep expertise in BioPharma, Digital Health, FinTech and Financial Services, and Software and Technology, The Bowdoin Group is a national leader with the ability to source talent and service companies globally.
SmartBooks - Bookkeeping: Free Consultation on Financial Operations Strategy
SmartBooks is the outsourced finance department for small businesses. SmartBooks works exclusively with small businesses and has designed a service offering with their needs in mind. Our CFOs evaluate current bookkeeping, accounting, and reporting operations and upgrade those operations: create or upgrade budgets and forecasts; and identify the key performance metrics that align with desired business goals
2 free hours of consultation from a CFO, Controller, Tax CPA, or HR Director
15% discount on hourly rates or fixed prices services for 4 months
30% disocunt on new QuickBooks bookkeeping or Gusto payroll accounts for the first 4 monhts
Free 2nd look tax analysis (2nd opinion on existing tax structure and strategy
UMLRI- SBIR Coaching and Services: Free Consultation on SBIR/STTR Strategy
The UMass Small Business Innovation Research Center of Excellence offers coaching and other support for small companies as they prepare SBIR/STTR proposals and execute their programs. We also connect Teams to potential research partners in the UMass system, as well as corporate partners such as Primes and investors.
TCN- Capital Raising Mentoring: Free Access to over 40 programs per year
The Capital Network is a non-profit (501c3) that aims to democratize access to funding in the Greater Boston Area and Beyond. TCN provides practical, hands-on education and personalized mentoring from investors & experts to help demystify the funding process to thousands of early stage entrepreneurs. We want ALL entrepreneurs to make informed decisions for their businesses by giving them the resources & education to understand and the network to make it happen.
In support of MassVentures’ Build2Scale START expansion program, TCN can offer MassVentures START companies FREE access to all of our programming. Unlimited membership is typically $385 per 6 months per company and provides access to 40 programs, online resources, and other member only programs.
Tax & Government Compliance (At Time of Filing Due Date)
Federal Income Tax
State Income Tax
Local Income Tax (NYC & SF)
Delaware Annual Report & Franchise Tax
Unemployment Insurance, Payroll Tax and Workers Comp Setup
MassVentures also has relationships with partner organizations that are supportive of START companies as they think about diversity. The Massachusetts LGBT Chamber of Commerce, Latino Advisory Commission, and Black Economic Council of Massachusetts have programs and resources available to START companies on a regular basis.
Massachusetts Government Resources
Other quasi-public entities within the Commonwealth are ready to help START companies as well. MassDevelopment provides loans for early stage companies, Mass Life Science Center (MLSC) has grant and investment programs for Life Science companies, Mass Tech Transfer Center (MTTC) has programming for University spinouts and other early stage companies, Mass Clean Energy Center (MassCEC) has grant and investment programs for Clean Energy companies.
Many organizations in the Commonwealth are committed to providing application review, mentorship, access to space and equipment, and/or general feedback. These companies are longtime supporters of innovation and helping transition research to businesses and jobs.