VC funds charging founders for legal fees still blows my mind
anamitra
10.2K posts
anamitra
@anamitra
Co-founder @aforeVC, investing in pre-seeds. first PM at twitter. Host of the Pre Seed Show shorturl.at/jEPq6
- Origin story of the blue check mark on Twitter: Oprah Winfrey wanted to join Twitter in 2009. But there were 100s of “Oprah Winfrey” accounts on Twitter already. How would users know who the real Oprah is. Enter blue check or verified accounts. Instant hit. EVERYONE wanted it.
- It feels like there are far too many VC firms. To put it into context...in the US... 🚀There are ~600 VC firms 💼There are ~2,000 PE firms 👔There are ~10,000 Hedge funds Are there too many VC funds?
- We launched a common app for pre seed, where Alpha founders can reach many investors all at once when they apply. As a pre seed angel or fund, you see quality deals at the same time as us. Join us
- It is a little surreal to be investing $750K in Pre Seeds and owning as much of the company as a later stage fund owns investing $25M! Big things start small 🚀
- We're growing our team @AforeVC - looking to add an Investor 7.5 years ago, Afore pioneered a new category in VC - pre seed. It takes a special investor to find founders that early & imagine alongside them. If that describes you, we want to hear from you!
- When we started @AforeVC in 2016, pre-seed was a niche, largely unknown category. But we put a stake in the ground by raising by far the largest pre-seed fund at the time helping put pre-seed on the map. Today, we are announcing a new $185 million Fund IV, again the world’s
- Why do series A investors make startups pay for the funds’ legal fees? No founder will oppose it because there are bigger fish to fry, but it seems the complete opposite of founder friendly.
- The venture business is a lot like the movie business. The idea has no intrinsic worth. Give the same idea to ten different founders and you’ll get ten different companies. The finished product’s value is subjective, your taste against mine. The best venture book-Michale Ovitz
- Micro VC is the new Scout program. With one key improvement for the angel/operator...they are not tied down to any one Series A fund. Scout = usually exclusive relationship with the Series A fund. Lots of VC feedback and training. Micro VC = Non exclusive. All DIY.
- After years of taking capital, it’s nice to be able to return some. Good feeling 🙏🏾
- Announcing $150M Afore Fund III and Afore Alpha, the best in class Pre Seed deal for any founder, anywhere in the world, no matter how early they are. Read on 👇We announced two pieces of news this morning, about the close of Afore’s $150M Fund III and the launch of a new product–Afore Alpha– that gives founders the meaningful funding they need, the transparency they want, and the 1:1 support they deserve. medium.com/@afore/d18f831… (1/x)
