ACT House
A network of co-living spaces where students live in one house, to create one startup, in one year.
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 83 % | - | (45 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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ACT House operates as a venture studio and innovation hub with a mission to support and empower underrepresented founders, particularly within the Black, Brown, and female communities. Founded in 2020 by Tim City, the organization emerged from his personal experiences with the challenges faced by minority entrepreneurs in securing funding and resources. City's background as a DJ and creative entrepreneur informs the company's approach, which emphasizes the blend of culture and technology to foster business development.
The firm is strategically located in the Innovation Quarter of Winston-Salem, North Carolina, a setting that facilitates collaboration with a diverse ecosystem of innovators and institutions. ACT House's business model is multifaceted, functioning as an accelerator that provides entrepreneurs with essential tools, mentorship, and a structured pathway to scale their ventures. It also engages in venture building, actively co-creating and developing new companies from the ground up, often in partnership with corporate and academic entities. The organization generates revenue through these partnerships and by taking equity in the startups it supports and builds.
A central offering is its intensive accelerator program, which guides founders through the critical stages of business development, from ideation to market entry and fundraising. The curriculum is designed to be culturally relevant and addresses the specific hurdles that underrepresented founders encounter. Beyond the accelerator, ACT House provides a collaborative workspace and community, fostering an environment where entrepreneurs can connect, share knowledge, and find support. By focusing on what it terms 'culture-tech'—businesses that are at the intersection of cultural trends and technological application—the firm has positioned itself to capitalize on emerging market opportunities while driving social impact.
Keywords: venture studio, innovation hub, underrepresented founders, accelerator program, culture-tech, minority entrepreneurs, venture building, startup ecosystem, social impact, entrepreneurship support
