3min chapter

Venture Unlocked: The playbook for venture capital managers cover image

Charles Hudson of Precursor Ventures - Venture Unlocked 002

Venture Unlocked: The playbook for venture capital managers

CHAPTER

Is There a Precursor Fund?

The first fund that you raised back in 2015 was a long process, a grind. And I think in some ways starting a fund is kind of like starting a company. You have to be naive enough to know that do not know how hard it's going to be otherwise you probably wouldn't do it. It took you 10 years as an LP to get comfortable with the idea of seed. Now I'm going to blow your mind and tell you that there's a whole new thing called pre-seed. It's the round before seed. But we're going to do 25 or 30 companies per year with one person who will focus more on entry price than ownership. We would use SPVs for

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