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Hello Leo, quick question, if you don't mind: do you invest in pre-MVP pre-seed (idea validation phase; deep tech) and pre-revenue seed (MVP-build-in-progress o

• lpolovets 7y ago
  Short answer is we lean more toward post-launch, but make exceptions. Longer answer is that we typically invest $1m-$1.5m when companies are raising $2m-$5m. Usually that size of round happens after a product is live in the market, but occasionally because of the founders or idea it happens earlier.
  • ablekh 7y ago
    Understood. I appreciate your prompt reply and will keep it in mind. Based on the numbers that you shared above, it seems that you typically co-invest, but prefer other VC firms to lead in a seed round. Correct? If so, do you expect to be approached regarding a potential co-investment opportunity only after a lead investor is found and has expressed their commitment to funding?
    • lpolovets 7y ago
      It's the opposite actually: we try to lead (or co-lead) if someone hasn't signed a term sheet yet, but if they have accepted a term sheet then we're happy to co-invest. $1m-$2m checks are generally enough to lead almost any seed round these days.
      • ablekh 7y ago
        I see. Thank you very much for clarifying. Will reach out to you when the time is right ... :-)