The Hive Eastern Europe Leadership Program has started today at Bucharest with more than 70 participants, from Romania, T...
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.
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.
The social network for entrepreneurs
Our digital offerings include our:
- Our social network that allows members to find each other by keyword, industry, location, or company and access member profiles
- Our mobile app for iOS and Android that makes it easy for our members to stay in touch
- Our WhatsApp groups by city and industry -- allowing collaboration among entrepreneurs around the world
- Our Weekly Zoom Masterclasses on topics related to entrepreneurship, purpose, the future, and wellness
- 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.