Translate your Investment Thesis into a Target List

Harmonic

Showing up before the deal exists is necessary in today's venture market.I recently shared a tactic with Harry Stebbings used by some of our creative customers.One vector some firms are targeting: using Harmonic find ex-founders who sold their company and are likely nearing their earn-out date. They reach out a few months before the cliff asking "What are you thinking of building next?" or "if you had funding lined up, what would you go build?". The game has changed in data-driven sourcing. Yo ...

Harmonic

All are created equal. Unless you’ve started a company before, in which case VCs would save you first in the apocalypse.We looked at 95,000 funding rounds over the last 5 years and the gap is hard to miss. At every stage, the median amount raised by first-time founders was significantly lower.Seed: $2.73M vs $1.5MSeries A: $12M vs $8.8MSeries B: $30M vs $18.66MThe Series A dip might be the most interesting part. When the product either works or it doesn't, does pedigree matter less? And when it' ...

Harmonic