The toughest round of funding an entrepreneur seeks to raise is pre-seed investment. It sports the lowest probability of success, the highest amount of ambiguity, is poorly defined, and is causing the greatest amount of confusion and road wreck out there.
I would like you to start with the basics of how we practice startups in 1Mby1M:
Your chances of fundraising for a pre-seed startup are vastly higher if you bootstrap first. So let’s start there.
Next, please try to understand how pre-seed investors think, how they formulate their investment thesis, and create a strategy on how to align your investment thesis to their investment thesis. This is called Investor-Entrepreneur fit.
Just like you seek product-market fit, you need to seek investor-entrepreneur fit. For instance, if you’re looking for pre-seed Fintech investors, that would be a pretty specialized quest.
Notice, Deep Tech is an area where entrepreneurs seek a pre-seed round more often. I have brought a set of investors on to discuss the issues thereof.
Finally, there is a class of investors that have emerged who are not seeking Unicorns. Your situation may fit some of them better than going after the Unicorn hunters.
One caveat: Not all investors who advertise themselves as pre-seed VCs actually invest in pre-seed ventures. When rubber meets the road, they are actually Seed or Post-seed VCs.
That’s it. This is a complete collection of Udemy courses that can help any entrepreneur to understand
We hope you find this set of Udemy courses on pre-seed investment helpful, timely, and practical.
If you need help, come talk to me at a 1Mby1M roundtable.