HomeGermany-StartupsLars Hinrich's HackFwd closes its doors

Lars Hinrich’s HackFwd closes its doors

Today, which is three years, three months and three days after the start of HackFwd, a pre-seed fund for passionate geeks in Europe, founder Lars Hinrichs officially announced the end of the programme.

Since its founding, HackFwd received over 3,000 applications and invested in 16 European startups. Hinrichs, who is also the founder of the European Linkedin competitor XING, today stated in a goodbye article on the HackFwd blog: “I invested in total around 8 million into HackFwd and our portfolio companies. Will it pay off? At minimum, we are certain it will pay a good dividend. But is the portfolio worth 2 or 3 times our investment? Maybe. The future will tell. But knowing that we won’t lose money (especially compared to many other investors, accelerators and Incubators or even VCs) is still a solid outcome.”

On HackFwd’s blog Lars Hinrichs today also shared the whole story behind this ambitious project, as well as his thoughts on what HackFwd got right and what it got wrong (Update – April 2023: The website seems to be out of use, and we therefore deactivated the original link).

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).


  1. There are also far more startups that support startups. I’m particularly impressed by Naval at Angelist.co , who managed to organize and in many ways democratize a scattered market of companies looking for funding. Even crowdfunding sites, like Kickstarter , have helped fund new ventures and provided millions with a front row seat to the world of entrepreneurship. This helps explain why being an entrepreneur is finally an entirely legitimate career choice, even in Europe; indeed, in many ways, working at a startup is the new MBA.

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