#preseed #preseedfunding #venturecapital #startuplife #startupinvestment… | Hyperspace Ventures
Summary
I got a few moments to catch up with Kristina Chapple from 11 Tribes Ventures today. Ive always been enamored with their model of founder-centric early stage venture investing (2% of capital goes directly into founder wellbeing). True to form, she shared their Investment Mandate with succinct clarity. Heres what 11 Tribes is looking for: 1 Competitive geographies: non-traditional VC hubs, we fly over SF/ NYC/ BOS and look for founders building in tier 2 ecosystems like Raleigh-Durham, Nashville, Cincinnati, Chattanooga, Chicago, etc 2 Seed and early Series A: companies generating $300k-1.5M ARR, raising $1M - $2M of outside capital on a ~$5M - 10M cap; with our Venture Partner Platform, we add the most value to founders tackling execution risk as opposed to development risk. 3 Founder: Strong narrative around founder-market fit (domain expertise) 11 Tribes is deploying $40MM from Fund II right now, so if youre raising, and would like an intro, happy to send you her way.