Precursor VenturesA classic pre-seed and seed stage venture capital firm

Has the market already decided your startup's fate?

31 May 2025 · 1 min

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A Precursor Ventures speaker argues Series A investors make an early judgment about whether a startup can become venture-scale. With only $7-10M to work with, founders must prove their business is special or investors may have already decided it's not, and incremental improvements won't change that verdict.

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And to be kind, we'll say that the business that people think could be worth $10 billion or more led by a very compelling founder. And if on 7 to 10 million dollars, the Series A community doesn't see it, they're probably never going to see it. And like, that's what you have to work with. And you've got to do everything in your power with that 7 to 10 at most to prove that you're building something special. And if you aren't, there's no amount of incremental improvement metrics, improvement, like none of that stuff's going to matter. They've sort of voted on your idea and team. And I think it's important for founders to internalize that. And I've internalized that as an investor. And I think about that a lot when people come to me for bridges and ext and I'm just like, what if the market's already decided this just isn't a venture scale company.