Investing in Pre-revenue Startups

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Charles Hudson, Managing Partner and Founder of Precursor Ventures, talks about how he founded Precursor Ventures and why he is unafraid to back unproven first-time entrepreneurs. Charles gives useful tips for founders embarking on finding product-market fit, and shares his thoughts on bridge funding.

In this episode, you’ll learn:

3:57 - 8:21 Starting early in venture capital as an undergraduate; what you enjoy, and what you miss

8:49 - 11:37 Why Precursor is unafraid to back unproven, first-time entrepreneurs

11:50 - 16:10 $1m pre-seed funding can quickly vanish due to lack of clarity on the product-market fit.

16:26 - 18:07 How bridge funding can be helpful to entrepreneurs

Non-profit that Charles is passionate about: San Francisco-Marin Food Bank


About Guest Speaker

Charles Hudson is the Managing Partner and Founder of Precursor Ventures. For more than three decades, Charles has made seed-stage investments in startups in the internet and mobile spaces. Prior to founding Precursor, he identified investment opportunities in mobile infrastructure, mobile applications, and marketplaces as a Partner at Uncork Capital. Before that, he co-founded Bionic Panda Games (a mobile games startup), held business development roles for Gaia Interactive, Google, and Serious Business, was a Product Manager for IronPort Systems, and worked at In-Q-Tel, CIA’s venture capital fund.


About Precursor Ventures

Precursor Ventures is a Silicon Valley-based venture capital firm that seeks to invest in a company's first round of institutional investment and focuses on investments in B2B software applications, B2C software and services, and connected hardware. Precursor’s portfolio includes: AnyRoad, Afriex, Arternal, Ascent Autism, Bloom, Bobbie, Documate, Nomad, Encantos, Healthie, Knack, Sagelink, and Zeta.


Next Week’s Episode

Coming up next week in Episode 74, we welcome a special guest, Heather Harnett, CEO and Founding Partner of Human Ventures, to talk about how she identifies ‘futurists’ to back them until the market sees their value.

Subscribe to our podcast and stay tuned for our next episode that will drop next Tuesday.

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