Charles Hudson is the Managing Partner and Founder of Precursor Ventures. Precursor is a generalist pre-seed firm based in San Francisco that invests in startups from all over. We talked about the importance of founder-centric investing, portfolio construction, and the balancing act of taking money off the table with winners. Charles has made over 400 investments at Precursor and has a lot of insights to draw upon as a result.
We also covered:
- How fewer than one-in-five firms make it to fund five.
- Why building a firm with staying power is crucial.
- How fundraising can be stressful for various reasons at various stages.
- Liquidity in early-stage investments is becoming normalized.
- LPs have varying expectations regarding returns and liquidity.
- Why market size forecasting is challenging; focus on founders instead.
- Early employees may not always be the best hires.
- Entrepreneurial talent comes in various forms and backgrounds.
- Venture capital is maturing as an asset class.
- Founders can reach out directly to Charles for opportunities.
Investing in Startups is hosted by Joe Magyer and produced by Seaplane Ventures.
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