In this episode of The Data Minute, Peter Walker (Head of Insights at Carta) is joined by Charles Hudson (Managing Partner and Founder, Precursor Ventures and writer of the Venture Reflections Substack - chudson.substack.com) for a deep discussion about pre-seed deals, the differences between multi-stage and small funds, and the types of investing that work in this AI dominated market.
They also cover SAFEs, how pre-seed investing has changed, Charles' time in the National Venture Capital Association, and how what happens in Washington can affect emerging managers nationwide.
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Chapters:
00:00 Welcome
1:42 Intro to Precursor Ventures
7:06 The changes in pre-seed syndication
13:38 Setting aside reserves in funding
15:23 Competing with multi-stage funds
19:12 Distinctions in AI funding
23:09 Making the case for small funds
30:51 SAFEs and priced rounds
37:47 Handling LP concerns
39:34 Secondary selling and liquidity
43:24 Speed round questions
43:29 Most interesting sector or subsector for investment?
44:12 Most unique way that a GP has brought value to a portco?
45:45 The one question more founders should ask in fundraising?
48:16 The National Venture Capital Association
This presentation contains general information only and eShares, Inc. dba Carta, Inc. (“Carta”) is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services, and is for informational purposes only. This presentation is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. © 2024 eShares, Inc., dba Carta, Inc. All rights reserved.
