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Investing in a Startup Space
Investors often have theses about spaces they want to invest in. Most investors at those stages take that approach and have a thesis on a space, now i want to go find all the companies that are operating in that space. At the seed stage, you can't do that, because there are no companies yet. The way we think about it at wave is, i don't want to say we don't think about markets and opportunities and spaces,. but we do much, much less of it than would, say, a series a firm.