Dashfire is a strategic partner whose incentives are aligned with partner companies delivering superior results. Dashfire is an operating company, not a traditional venture capital fund that makes equity investments, in exchange for business development, strategic financial consulting and software developed by FarShore Partners. Dashfire is owned by investors, who contribute cash to fund operations, and FarShore Partners, who contributes IT efforts. Dashfire makes no cash investments in partner companies. Dashfire generates income from referral payments and cash generated by equity dividend or exit activity.
Dashfire investors receive first money out at a preference, and participate pro rata. Investors earn a return by participating in equity exits similar to a traditional Seed or VC Investment Fund.
Services by FarShore to partner companies are provided at attractive low rates reflective of this partnership. As an equity holder at Dashfire, FarShore recoups discounted revenue through cash generated by downstream Dashfire equity exits.
PAST
FarShore Ventures I
FarShore Ventures II
FarShore Ventures III
Dashfire I
Dashfire - The Prior 4
Inception 2009
Total Number of Partner Companies: 46 (29 Inactive or defunct, 5 exited, 13 still viable)
US Jobs Created: 500
Total Funds Raised for Operations: $350,000
1.2X Returned to Investors to date
Total Value of Companies (the 13) based on latest round of VC Funding: $770M
(Total funds raised by Partner Companies: $181M)
Current Value of Holdings: $1.5M to $4.0M
Present
Dashfire V
Dashfire - Fund 5
- Inception 2017
- Target Number of Companies: 10 to20
- US Jobs Created to date: 20
- Total Funds Raised for Operations: $175,000
- 0X Returned to Investors to date
- Total Value of Current Partner Companies: $9M
(Total funds raised by Partner Companies: $1M) - Current Value of Holdings: $0.0M to $1.0M