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Hive’s deadline was March 10, 2020

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Hive

The global community for entrepreneurs
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$198,994
Raised
578
Investors
Successfully funded and closed on March 10, 2020.
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Co-investors
Lerer Hippeau
VC Firm, New York
Lerer Hippeau is a tier-1 venture capital firm in NYC that invested in category-defining companies like Casper, Venmo, Allbirds, Everlane, Giphy (Acq’d by Facebook), Pandora, Docsend, Everytable and many more.
Lerer Hippeau also invested in:
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Closed on March 10, 2020. Information may not be up-to-date. Campaign closed on March 10, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hive Companies, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Hive Crowd SAFE
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Hear from some of the 578 investors in Hive


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
Power Founders
Founders previously exited or operated a large business
Tier-1 Venture backing
Company is backed by a tier-1 VC firm
  • Global membership community for entrepreneurs making a positive impact
  • 3,200 paying customers in 130 countries; over 55,000 applications to join
  • Members connect via in-person events, a social network, and mobile app
  • $3.5M annual revenue run-rate with over $7M in revenue since inception
  • Raised $1.6M so far from prominent investors and 33 angels
  • Company is already profitable; first profitable quarter in Q3 2019
  • Founder previously built and sold iContact for $169 million; Harvard MBA

Problem


There's no global community for entrepreneurs

Entrepreneurs build companies that create positive change in the world and there are now 190 million entrepreneurs globally. Yet, prior to Hive, there was no global community that combined in-person events with a digital social network for entrepreneurs to build friendships, support each other in business growth and personal growth, and find mentors and investors. This inhibited our ability as entrepreneurs to collaborate, create, and scale good ideas -- and feel a sense of connection that someone else has our back and knows what we're going through. 


Solution


Hive: the global community for entrepreneurs

Hive is a global membership community of 3,200 purpose-driven entrepreneurs, social entrepreneurs, and investors in 130 countries who are working together on creating a better world and solving humanity’s greatest challenges. Hive builds each chapter city-by-city. We host dinners and events in each global node. Members meet in-person in our 17 chapter cities to support each other in their work. 

Every August, we host the Hive Global Summit in Silicon Valley, our flagship event, to bring community members together from across the globe. Every year we also host Hive Europe, Hive India, and Hive Africa. We've hosted Hive events so far in the USA, Canada, Nigeria, Ghana, Liberia, Egypt, The Gambia, Colombia, India, Pakistan, Germany, Romania, China, and Malaysia. We're building a diverse and global community for purpose-driven entrepreneurs and investors making a positive impact in society.

We also host digital Masterclasses and weekly Zoom calls. We encourage our members to share knowledge and resources with each other to advance common goals. We build deep bonds and relationships among our members and introduce our members to a network of investors who are looking to fund mission-driven firms. We were founded by Millennials and are using technology and in-person events to build lifelong friendships and advance entrepreneurs worldwide. We've hosted over 100 events in 14 countries so far and over 55,000 people have applied to become part of the community.


Product


The social network for entrepreneurs

Our digital offerings include our:

  1. Our social network that allows members to find each other by keyword, industry, location, or company and access member profiles
  2. Our mobile app for iOS and Android that makes it easy for our members to stay in touch
  3. Our WhatsApp groups by city and industry -- allowing collaboration among entrepreneurs around the world
  4. Our Weekly Zoom Masterclasses on topics related to entrepreneurship, purpose, the future, and wellness
  5. Our Monthly Zoom Masterminds to support our members in solving their biggest personal and business challenges

Joining Hive is a simple process and comes with multiple benefits and opportunities. Each member must complete our application. Upon acceptance, they gain access to our online network where they can browse local meetups, connect with members in their area and when they travel, and find mentors and investors who support their fields. 

We look for entrepreneurs and investors who are actively working on building and supporting companies that are making a positive impact on society.

THE HIVE ENTREPRENEUR NETWORK

We also have a premium community called the Hive Entrepreneur Network (HEN), a community for founders, CEOs, and investors with $1 million or more in annual sales. We host quarterly retreats in rotating locations like Los Angeles, Tulum, and Bali for this community as well as monthly Zoom calls and an ongoing WhatsApp group.



HIVE DIGITAL

We are committed to helping our member companies grow through a network of services that help our member companies make a bigger difference in the world. Since 2017, we have been offering digital marketing services through Hive Digital to help our members and for-purpose brands grow their impact. Hive Digital specializes in helping our member companies with digital advertising and search engine optimization. Our plan is to build an ecosystem of offerings that serve companies that are working on creating a better world.

Traction


3,200 customers in 130 countries

With over 3.2K customers in 130 countries, Hive is a growing, interconnected network of entrepreneurs, social entrepreneurs, and investors representing diverse backgrounds and geographies. Applications are carefully vetted and selected, and we currently have over 55K applications to join.

Customers


Extraordinary global entrepreneurs & investors

Hive members are changing the world, solving humanity's greatest challenges, building and investing in meaningful companies, and making a difference in their local communities. The Hive community includes CEOs of $500 million companies, award-winning social entrepreneurs, venture capitalists, neuroscientists, Olympic Gold Medalists, Rwandan genocide-survivors turned inspiring public speakers, technology entrepreneurs, Stanford professors, HBS professors, renewable energy investors, World Economic Forum Young Global Leaders, IDEO design thinkers, impact investors, and Virgin Galactic astronauts. 

Business model


A goal of $100M in revenue by 2030

Hive is organized into three business units: the Hive Global Community, the Hive Entrepreneur Network, and Hive Digital.

Through our communities (Hive and the Hive Entrepreneur Network), we charge membership fees for individuals to join. Membership starts at $500/year. In particular, we've seen significant growth in the Hive Entrepreneur Network (HEN), which is for entrepreneurs and investors building companies with at least $1M in annual sales or capital raised. HEN memberships start at a rate of $10,000/year.

In addition to our membership networks, Hive Digital provides digital marketing services for purpose-driven companies. It is wholly-owned by Hive and provides financial stability to the company and our other membership-driven initiatives. For us, step one is to build the membership community and step-two is to build an ecosystem of offerings that support companies doing good in the world.

Together, the company is now at a $3.5M annual revenue run rate and sales are up by 63% over last year (Q3 2019 vs. Q3 2018). The firm had its first profitable quarter in Q3 2019.

Market


Building a membership community to scale

Through our online network and in-person events, we've demonstrated there is great interest in cultivating purpose-driven community for entrepreneurs and investors around the world. With over 140,000 people on our mailing list and 55K people in our application pipeline, we've demonstrated that our model works and is positioned to grow. 

Competition


The premier entrepreneur community

Unlike other entrepreneur communities, Hive is run by a fast-moving Millennial team with substantial startup and venture fundraising experience and is combining technology (social network/mobile app) with extraordinary in-person events themed on the topics of leadership, purpose, wellness, creativity, the future, and global impact. Hive also focuses on companies that are making a positive impact in society. We're particularly good at hosting events that create a deep sense of belonging, connection, and friendship among our members. Hive has hosted over 100 events in 14 countries to date. 

Hive members intersect all industries and geographies. Hive maintains a highly competitive application process to ensure participation from top entrepreneurs and purpose-driven investors.

Vision and strategy


2030 and beyond

By reaching our funding goal, we plan to expand our global community and offer our members more ways to connect, grow their companies, raise mission-aligned capital, and spend time together as we work together on building firms making a positive impact in society. We also have future plans to build an investment fund to support our network of entrepreneurs and partner with real estate development firms to create a network of co-living communities for our members and their families. Eventually, we plan to reimagine how our members live, work, learn, and play within a global network of Hive communities.

Funding


Backed by prominent investors and advisors

So far Hive has raised $1.6 million from prominent investors like Lerer Hippeau, Kilowatt Capital, Evolve Ventures, and 30 other angels.

Founders


Solving a problem that truly matters in the world

WHERE THE IDEA FOR HIVE BEGAN

Our CEO & founder Ryan Allis has been an entrepreneur since 2002. That year, he co-founded iContact, a software company that he led as CEO to 300 employees, $50 million per year in sales, and 70,000 paying customers.

In the Fall of 2011, Ryan was CEO of iContact when his mom was diagnosed with brain cancer and was given six months to live. Ryan, 27 at the time, desired a peer group of entrepreneurs who were there to support him in this challenging time. His mom ended up passing away in May 2012, leaving Ryan with a sense that he wanted to someday build a community that would providing ongoing business, personal, and emotional support for entrepreneurs and leaders making a positive difference in society.

That Spring, iContact had a successful exit and was acquired by publicly traded company and Ryan enrolled in the MBA program at Harvard Business School. 

In September 2014, Ryan's dad passed away suddenly from Leukemia. Having lost both his parents to cancer by age 30, he felt alone in the world and knew he wanted his next company to build something meaningful in the world. He knew first-hand that loneliness for entrepreneurs was a huge problem. 

Ryan dreamed of a global community for purpose-driven entrepreneurs and innovators with extraordinary events that built lifelong friendships, supported by a digital technology platform that would connect entrepreneurs with collaborators, mentors, and investors. He imagined someday building the community to 1 million entrepreneurs, social entrepreneurs, and investors and how that might positively impact the world. 

Hive hosted its first event in San Francisco in January 2014, gathering 34 entrepreneurs and leaders from 12 countries.

Six years later, Hive is a rapidly growing membership community of entrepreneurs, innovators, and investors making a difference in the world with over 3,200 alumni in 130 countries. Hive has since hosted over 100 events in 14 countries -- and is at a $3.5M in annual revenue run-rate.

Today, Hive is led by Ryan Allis and Morgan Carson and the Hive Digital subsidiary is led by Jeff Staub. We invite you to invest and support this beautiful dream of building the global community for entrepreneurs and investors working together on creating a better world and solving humanity's greatest challenges. Now is a a great time to invest with Hive readying to scale its unique model around the world. 

Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Hive occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Hive is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Hive needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hive Companies, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Hive Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Hive.
76 investors
Invest
$500
Receive
  • A one year membership in the Hive community ($500 value)
  • Includes access to our digital content, weekly Masterclasses, monthly Masterminds, and discounts on our events
  • Limited (1924 left of 2000)
54 investors
Invest
$1,000
Receive
  • All of the above benefits plus a ticket to the Hive Global Summit August 10-13, 2020 in Silicon Valley, California ($1000 value)
  • Limited (146 left of 200)
7 investors
Invest
$2,500
Receive
  • A ticket to the Hive Entrepreneur Retreat May 14-17, 2020 in Cabo, Mexico (a $2500 value)
  • Limited (68 left of 75)
3 investors
Invest
$10,000
Receive
  • All of the above benefits plus a one-year membership in the Hive Entrepreneur Network, our premier community for entrepreneurs and investors who are creating a better world; includes access to our retreats at-cost (a $10,000 value)
  • Limited (97 left of 100)
Invest
$25,000
Receive
  • All of the previous perks, plus recognition as a partner on our home page and newsletter (a $25,000 value)
  • Limited (25 left of 25)
Invest
$50,000
Receive
  • All of the above perks plus a lifetime membership in the Hive Community and recognition at the Hive Global Summit 2020
  • Limited (5 left of 5)

Why others invested

See all reviews (121) See all (121)

Interested in being a part of something larger that strives to make the world a better place for all people.

Profile picture of Nancy Dome
Nancy Dome
Investor
over 6 years ago

I invested in Hive because I was blown away by the online-offline community Ryan & team created when I attended the 2019 Hive Global Leaders retreat in Scotts Valley! Happy to be a part of this family.

Profile picture of Paige Doherty
Paige Doherty
Active investor
over 6 years ago

I invested because I believe in Hive's vision and purpose and I trust that Ryan and the leadership team have the talent, skills and commitment to fulfil on this vision.

Profile picture of Eileen Forrestal
Eileen Forrestal
Value-add investor
over 6 years ago

About Hive

Legal Name
Hive Companies, Inc.
Founded
Feb 2017
Form
Delaware Corporation
Employees
13
Website
hive.org
Social Media
Headquarters
Google Map location of of Hive
6310 Tompkins Way , Culver City, CA
Headquarters
6310 Tompkins Way, Culver City, CA, United States 90232

Hive Team
Everyone helping build Hive, not limited to employees

Profile picture of Ryan Allis
Ryan Allis
CEO & Founder
Featured in Superheroes · Read
Ryan was previously CEO and co-founder of iContact and led the company to 300 employees, 70,000 customers, $50M in annual sales and a sale for $169M. He is a three-time INC 500 CEO and holds an MBA from Harvard Business School.
Profile picture of Morgan Carson
Morgan Carson
Head of Community
Morgan is the Head of Community of Hive. She was previously CEO of the fashion label Rene Ropas and was the Director of Community for TribeRise.
Profile picture of Jeff Staub
Jeff Staub
Head of Hive Digital
Profile picture of Faith Reed
Faith Reed
Event Facilitation
Profile picture of Mike Gavela
Mike Gavela
Director of Sales
Profile picture of Michelle Tabares
Michelle Tabares
Exec. Assistant
Profile picture of Ryan Rogers
Ryan Rogers
Community Manager
Profile picture of Mike Sherbakov
Mike Sherbakov
Event Facilitation
Profile picture of Danielle Blum
Danielle Blum
Head of Hive Women
Profile picture of Jake Bohall
Jake Bohall
Hive Digital
Profile picture of Dominic Ciampa
Dominic Ciampa
Business Development
Profile picture of Sheffield Pulley
Sheffield Pulley
Business Development
10 more team members
Ryan Allis
CEO & Founder
Morgan Carson
Head of Community
Jeff Staub
Head of Hive Digital
Faith Reed
Event Facilitation
Mike Gavela
Director of Sales
Michelle Tabares
Exec. Assistant
Ryan Rogers
Community Manager
Mike Sherbakov
Event Facilitation
Danielle Blum
Head of Hive Women
Jake Bohall
Hive Digital
Dominic Ciampa
Business Development
Sheffield Pulley
Business Development

Press

Hive Eastern Europe Leadership Program promises tot build...
Business Review Business Review
·
Oct 11, 2019

The Hive Eastern Europe Leadership Program has started today at Bucharest with more than 70 participants, from Romania, T...

First edition of Hive Eastern Europe leadership program t...
Business Review Business Review
·
Jun 21, 2019

Hive Eastern Europe Chapter and Business Review Magazine are announcing the first edition of the Hive Eastern Europe Lead...

Africa gives Teague a rich experience
Commercial News Commercial News
·
Jul 16, 2018

DANVILLE - Three trips to Africa in the last 18 months have changed Tricia Teague's life. On a personal level, the trips ...

Grace Mugabe|Hive|Harvard
Community News Group Community News Group
·
Aug 9, 2017

GRACE Mugabe's commitment to improving the financial literacy of migrants and culturally diverse people has taken her to ...

Joining a community that is making a difference in the wo...
Financially Empowered
·
Aug 1, 2017

You know when friends tell you how amazing something is but you don't really get it until you experience it? Well that is...

The Hive Conference: Transforming Leadership Through Spir...
BrainHive Business Planning BrainHive Business Planning
·
Feb 16, 2017

Since I started preparing for the construction of an eco-coworking space at Atitlan in Guatemala, I have made the acquain...

Hive Global Leaders: The community who is all in, with ho...
Medium Medium
·
Jan 4, 2017

I had the amazing opportunity to attend Hive Global Leaders Program last december, let me explain you what is Hive. For m...

There's a real buzz about the HIVE Global Leaders Program
#ShapingtheOdds #ShapingtheOdds
·
Dec 8, 2016

HIVE10 San Francisco, November 2016 Last month I took part in #HIVE10 - the tenth edition of the HIVE Global Leaders Prog...

Hive GLP: A Life Changing Experience
Medium Medium
·
Oct 25, 2016

100 Global Leaders. 35 countries represented. An unforgettable experience. Adapting to a new environment can be quite dif...

Leadership, che cos'è veramente The Hive (reportage da Sa...
Startup Business Startup Business
·
Jun 8, 2016

Domanda: è forse possibile riconciliare lo spirito autonomo (ed essenzialmente capitalista) della libera impresa tramite ...

Hive Five -- Toward A Better World
HuffPost HuffPost
·
Sep 8, 2015

"Imagine you are a soul sitting around a campfire in a cave with five other souls," Ryan Allis, co-founder of Hive, start...

The Best Career Advice To Tap Your Creative Potential
Fast Company Fast Company
·
Feb 6, 2015

Tom Chi is brilliant (he was researching astrophysics at the age of 15), and has worked for many of the world's most inno...

HIVE GLOBAL LEADERS PROGRAM -DAY 3 (YOUR ORG)
Dorothy Zhuomei Leadership Coaching Dorothy Zhuomei Leadership Coaching

This post is a part of a series to document the Hive Global Leaders Program that I went through in San Francisco, March 2...

Hive global leaders program - day 1 (Your world)
Dorothy Zhuomei Leadership Coaching Dorothy Zhuomei Leadership Coaching

This post is a part of a series to document the Hive Global Leaders Program that I went through in San Francisco, March 2...

3 Beginner Tools For Entrepreneurs Who Want A Strong Start
Forbes Forbes

Guest post written by Minda Harts Minda Harts, Founder of The Memo, a career platform for women minorities This article i...

Show all
Logo of Hive

Hive

Hive successfully raised $198,994 from 578 investors on March 10, 2020
Profile picture of Takatua Old
Profile picture of Dr George Akinkuoye
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Takatua, Dr George, Stephen, Sukhraj, Sean, and 573 others invested. 121 Reviews
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