There are mountains of venture capital firms out there who want to give you their money for your idea. From there, you are entered into the high-stakes poker game of venture capital that sees nine out of ten new businesses fail. It’s an industry so filled with uncertainty that the man who brought you the personal computer, Bill Gates, has called it “pretty stupid” and characterizes its hit rate as “pathetic.” But one company, who sees business investment a little differently, is offering a huge opportunity for potential entrepreneurs looking to lead a new business in the online space, and that company is called Momentum Ventures.
As part of their new website redesign, Momentum Ventures has launched the Momentum Ventures challenge. The challenge calls upon intrepid entrepreneurs to complete a series of questions so that Momentum Ventures can properly evaluate both their professional and personal qualifications. After completing an interviewing process, the winner will be in line to receive a full-time, salaried position at Momentum Ventures, a minimum 500K investment in a new business, and access to Momentum Ventures’ network of experienced business leaders and varied support systems. Essentially, this company is offering you a shot at a brand new career based out of their Montreal, Quebec office.
But what makes this technology company different from all the other venture capitalists freely throwing money at young startups? First off, this money is an investment in your professional development. This isn’t about buying your potential company, it’s about finding great leadership talent and developing it within a workplace that is loaded with veteran online talent. Once acclimated, the candidate would then be given the reigns to an agreed upon business and will be free to set up their own development team to turn it into a successful online venture.
Momentum Ventures is a technology company based in Montreal, Quebec. Unlike venture capital firms, Momentum Ventures has a perfect record of launching online businesses, going seven for seven since 2007. Momentum Ventures flagship brand, FlightHub, was launched in 2012 and has since turned into an online travel agency that banks $1.5 billion in annual sales, serves over 1 million Canadians annually, and employs over 400 people worldwide. Momentum Ventures latest business is Alio. Set to launch in 2015, Alio is set to become a force in the American online travel space. Momentum Ventures CEO Matthew Keezer believes the sky is the limit for Alio, saying “we believe Alio can take on major players like Expedia and Priceline and come out on top thanks to our competitive pricing and superior technology background,” adding “Alio is expected to launch before the end of 2015, in time for the busy holiday travel season.”
Candidates looking to accept the Momentum Ventures challenge can do so by visiting Momentum Ventures’ website and completing the challenge online. Once there, applicants can also view Momentum Ventures’ thorough portfolio of existing and past businesses and learn more about Momentum Ventures’ unique strategy.