Good Works Ventures


We are a Montana based venture capital fund that invests in companies with high impact solutions to challenging problems.  While we love to invest in Montana companies, we will consider any company that is paradigm changing and has the potential for good financial return.  We invest in early  and mid stage companies that show promise in their technology, scalability and management.  We will consider loans, equity or hybrid instruments.  Take a look through our portfolio companies.  If you feel like your company should be among them, please be sure to contact us.  If you are an investor who is interested in co-investing along side us or you would like us to take a look at your portfolio companies, we are happy to engage in conversation.  We invite both entrepreneurs and investors to our monthly meetings of the Hellgate Venture Network.

We recognize the value of promoting entrepreneurship throughout Montana and as such and we are involved with a number of programs that work to catalyze entrepreneurship including: the Hellgate Venture Network, the Innovation Initiative program with the Missoula Economic Partnership, and Missoula's Startup Weekend. A calendar of events can be found on the Upcoming Events page. If you would like more information or to get involved with any of these projects please let us know.

Recent Posts

Lentil Underground: Renegade Farmers and the Future of Food in America

David Oien, the CEO of one of the great Montana companies we are investors in, Timeless Seeds, has had a book written about the incredible work he and his friends have done pushing forward the cause of sustainable agriculture. I have had the opportunity to read some of the draft chapters and it is going to be well, well worth the read for anyone interested in the formative years of the organic and sustainable ag movement. Lentil Underground is now available for pre-order from the major retailers and will be released January 27th, 2015.

HVN: Next Meeting Sept 18th – Apptail

Our next meeting will feature Nate Sann, co-founder of Apptail  an innovative, Missoula based provider of mobile apps for mid-size and small retailers.

We’re excited to again have one of our meetings in the top floor meeting space at the offices of Garlington Lohn & Robinson. Many thanks to Doug Maves and his Garlington colleagues for this opportunity.

350 Ryman Street
Missoula, MT 59802
Map: http://bit.ly/Zfh7Sm

As always, the fun starts at 4.30pm with networking. Please let us know if you will be attending!

We look forward to seeing you.

Dawn McGee and Paul Gladen

HVN: Thurs Aug 21 – Contractor Sherpa

Our next meeting will feature Contractor Sherpa’s Dustin Stewart and Robert Reum. Contractor Sherpa won Startup Weekend Missoula earlier this year and 6 months and over 50,000 lines of code later has just started registering contractors in Bozeman, Missoula and Helena. Public launch in those cities will be just after Labor Day.

We are excited to once again have our August Meeting at WGM’s offices overlooking the river (and its summertime float community). Many thanks to Brent Campbell and the WGM team!

1111 East Broadway, Missoula, MT
Map: http://bit.ly/1pnFqav

As always the meeting starts at 4.30pm.

Please let us know if you plan on attending.

See you there!

Dawn McGee and Paul Gladen

How to Pitch Your Idea Workshop June 26th

We are thrilled that Jeremy Sauter has agreed to run a “How to Pitch Your Idea” Workshop. This will give you the opportunity to apply the concepts and approaches Jeremy discussed at May’s HVN meeting.

The workshop will run from 4.30pm to approximately 6.30pm on Thursday Jun 26. The workshop will start with some introductory concepts and examples from Jeremy but then devote the majority of the workshop to small teams working on each others ideas and pitches and pitching back to Jeremy and the rest of the attendees.

The workshop will be held in the main conference room at MonTEC on East Broadway.

You can attend with an idea pitch that you want to develop or refine or simply attend and help others with their pitches while learning and applying the concepts.

There is no charge to attend but we do ask that unlike other HVN events you register via the link below.

https://podio.com/webforms/8496635/632814

Please contact Paul Gladen (406.396.3534) if you have any questions.

Staring the Pig in the Face

Good Works Ventures believes strongly in the ethos of the Slow Money movement and we are in the early stages of starting a Slow Money Chapter in Montana. If you are interested in being involved in Slow Money Montana please get in touch. For those of you unfamiliar with the Slow Money movement below is a transcript of the keynote address given by Woody Tasch, founder of Slow Money, at last year’s Slow Money conference.

Staring the Pig in the Face

Next HVN Meeting June 19th at Webfilings

Our next meeting will feature John Ruffatto Business Plan Competition winners New Leaf Environmental! Founder Matt Gangloff will talk about how they are working to bring environmental monitoring to the masses!

We are extremely grateful to long time HVN’er Lance Fisher, and WebFilings for hosting our meeting at their new Missoula Offices:

140 S 4th ST W Suite 2. (Corner of 4th and Myrtle across from Le Petit Outre. The entrance is actually on Myrtle.)

The fun starts at 4.30pm. As always please let us know if you plan on joining us.

We look forward to seeing you!

Dawn McGee and Paul Gladen

Startup 101 – Free Webinar from Startup Women Montana

Good Works Ventures’ own Dawn McGee will be participating in a webinar on startup basics Wednesday, May 28th from 12:00 p.m. – 1:00 p.m. The panel will be moderated by Diane Smith, CEO of American Rural, and will additionally include Liz Marchi of the Frontier Angel Fund, Sarah Calhoun of Red Ants Pants and director of the University of Montana LaunchPad/HVN Co-Founder Paul Gladen. If you’re interested in attending you can register at: https://cc.readytalk.com/r/vbv00kyc7qaj&eom.

Relative Importance of Key Factors in Venture Capitalists’ Valuation of New Ventures:

A 2001 study by Hill and Power1 asked venture capitalists to rate a number of factors when valuating a deal (5 most important, 1 least). The results (below) may be something to consider when putting together business plans and investment pitches.

Key Factor Points
Quality of Management 4.5
Size of market 3.8
Product qualities 3.7
Rate of market growth 3.5
Competition 3.5
Barriers to entry 3.4
Company’s stage of development 3.2
Industry company is in 3.0

1Hill, B., and D. Power (2001). Inside Secrets to Venture Capital, John Wiley & Sons, Inc.