For nine years, I have invested in a roughly equal mix of B2B SaaS and consumer startups at the seed and pre-seed stages. At Precursor, we define consumer fairly broadly – we include CPG, consumer social apps, consumer digital health, and consumer subscription services under the broad umbrella of what constitutes consumer. One thing that […]
Read More “Will We Ever See Another Renaissance in Consumer Investing?”
“Gentlemen, there’s only two ways I know of to make money: bundling and unbundling.” – Jim Barksdale, Netscape The background for this quote was the question of what Netscape would do if Microsoft bundled a browser (which they did) in the early days of the Internet era of the late 1990s and early 2000s. If […]
Many of the founders we’ve backed ask us one key question early in their company-building journey – what is the right burn rate, or amount to spend per month, for a company still searching for product-market fit? This is not an easy question to answer, but we have some data from our first 150 companies […]
I’ve spent the last few months talking to many other VCs who are founders of their own VC firms or have ascended to leadership roles in firms they joined. Each of them seems to have his or her own strategy and goals for what they want to build. The one common conversation we’ve had, regardless […]
