The Data Minute
The Data Minute Q&A: Pre-seed Edition
Jul 8, 2024
The podcast discusses the current state of pre-seed funding in the market, the use of SAFEs and convertible notes, understanding valuation caps, and choosing the right instruments for fundraising. It provides insights from the State of Pre-Seed: Q1 2024 report and offers advice to pre-seed founders on building their cap table and fundraising with SAFEs through Carta Launch.
07:44
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Quick takeaways
- Pre-seed funding remains strong despite the venture capital downturn, with around $1 billion invested each quarter.
- Simple Agreements for Future Equity (SAFEs) are the dominant instrument in pre-seed fundraising, offering clarity and anti-dilution measures.
Deep dives
Pre-Seed Funding Resilience in Venture Capital Downturn
Pre-seed funding has shown resilience in the venture capital downturn, with approximately $1 billion invested each quarter, maintaining a healthy figure compared to later-stage rounds. Despite a slight decrease in funding post-peak, pre-seed funding remains robust and outperforms other sectors in the venture capital landscape.
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