Frequently Asked Questions

A. PAX invests $100k cash and $25k in-kind in each company.

A. The in-kind investment covers the costs of the program and the perks that PAX provides. These perks include, but are not limited to, Pitchbook, Savvi, and Carta.

A. We do not take a set amount of equity in each company. PAX invests on your current raise and follows the terms set by other investors.

A. PAX will invest in your open round using whatever vehicle your current raise is on. PAX prefers to invest on KISS notes, but this is not a requirement.

A. The program runs for 8 weeks, with a one week break in the middle. During the program, we have virtual sessions from 5-7pm each night for six of the weeks. For the 4th and 8th weeks, we have summits with a special schedule built around special guest speakers.

A. PAX runs two cohorts each year. The Spring cohort begins in March and the Fall cohort begins in August.

A. Yes. Our program is founder-focused, but we encourage founders to bring senior team members focused on sales and marketing to sessions with them. 

A. Begin by submitting the application found on our apply page. The PAX team will review each application and sift the most promising start-ups through a series of screening rounds until 20 applicants are left. These applicants will pitch to the PAX angels.

A. If you pass the initial screening round, you will be required to submit your pitchdeck to the PAX team. If you are selected, you will eventually pitch to the PAX team and provide them with your data room and financial statements.

A. PAX is looking for pre-seed or seed companies, who have a product they are ready to sell or are developing a product and are beginning to strategize their go-to-market efforts.

A. PAX is industry agnostic and has invested in verticals ranging from Edtech to Fintech. Even so, PAX has one area of focus: Climatetech. PAX reserves two to three spots in each cohort for companies that are focused on sustainability. 

A. Pax Plexus is a network that connects our cohorts and alumni to follow-on investors. It has an in-program component and a graduate component. During the program, founders do a series of fast-paced one-on-one quick meetings with VCs. After the program, alumni are added to a system that facilitates ongoing double opt-in intros to investors.