# The Grove White Paper

Improving Founder Expected Returns Through Grove – A Private Network for Founders to Share Liquidity


Despite generating immense value for society, their investors, and their customers, venture-backed founders capture a tiny fraction of the value they create. A majority of founders find themselves capturing strictly zero of the value created by them or their cohort. That is to say: their venture fails. Underpinning this paper is the belief that failed founders are not zero-contributors to the aggregate value created by their startup & the venture capital ecosystem. This is reflected in the majority of successful entrepreneurs who did not succeed in their first venture, but rather their second, third or fourth, and the slew of innovative products and services across industries adding value to society whose initial providers no longer exist. It follows therefore that more founders = more value = more innovation = more problems solved.