And they're doing something different: Pre-Seed 2.0
🔸 The Numbers:
– $185M Fund IV
– Portfolio value: $13.5B+
– 200+ companies backed
– 1x Fund I ($47M) returned in just 6 months
🔸 What makes Pre-Seed 2.0 different:
– Flexible check sizes ($50K-$2M)
– Custom terms for each founder
– No forced timeline or demo day
– Support from ideation through PMF
– Free workspace in Afore offices
🔸 Who should reach out:
– Pre-idea founders exploring concepts
– Technical founders ready to build
– Student entrepreneurs
– Teams with early validation
– Solo founders seeking co-founders
🔸 Why this matters:
Traditional pre-seed forced founders into rigid boxes.
Afore's approach:
– Meets founders where they are
– Provides time to iterate and pivot
– Focuses purely on pre-seed stage
– Offers founder-in-residence program
– Backs founders before they quit their jobs
Bottom line: Afore is built for the messy, non-linear journey of early-stage building and I love the work they are doing.
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Questions? Hit up Gaurav Jain & Anamitra Banerji
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