Investing in Pre-revenue Startups

<p>Charles Hudson, Managing Partner and Founder of Precursor Ventures, talks about how he founded Precursor Ventures and why he is unafraid to back unproven first-time entrepreneurs. Charles gives useful tips for founders embarking on finding product-market fit, and shares his thoughts on bridge funding.</p><p><i><strong>In this episode, you’ll learn:</strong></i></p><p><strong>3:57 - 8:21</strong> Starting early in venture capital as an undergraduate; what you enjoy, and what you miss</p><p><strong>8:49 - 11:37</strong> Why Precursor is unafraid to back unproven, first-time entrepreneurs</p><p><strong>11:50 - 16:10</strong> $1m pre-seed funding can quickly vanish due to lack of clarity on the product-market fit.</p><p><strong>16:26 - 18:07</strong> How bridge funding can be helpful to entrepreneurs</p><p>Non-profit that Charles is passionate about: <a href="https://www.sfmfoodbank.org/?utm_source=the-sure-shot-entrepreneur-podcast&utm_medium=Episode-73&utm_campaign=pre-revenue-startups">San Francisco-Marin Food Bank</a></p><hr /><h3>About Guest Speaker</h3><p>Charles Hudson is the Managing Partner and Founder of Precursor Ventures. For more than three decades, Charles has made seed-stage investments in startups in the internet and mobile spaces. Prior to founding Precursor, he identified investment opportunities in mobile infrastructure, mobile applications, and marketplaces as a Partner at Uncork Capital. Before that, he co-founded Bionic Panda Games (a mobile games startup), held business development roles for Gaia Interactive, Google, and Serious Business, was a Product Manager for IronPort Systems, and worked at In-Q-Tel, CIA’s venture capital fund.</p><hr /><h3>About Precursor Ventures</h3><p><a href="https://precursorvc.com/?utm_source=the-sure-shot-entrepreneur-podcast&utm_medium=Episode-73&utm_campaign=pre-revenue-startups">Precursor Ventures</a> is a Silicon Valley-based venture capital firm that seeks to invest in a company's first round of institutional investment and focuses on investments in B2B sof