Here’s the biggest thing we’ve learned about access in early-stage investing: if you don’t have it, you don’t have anything.
We believe that 99% of “proprietary deal flow” is a myth, and unless you are Sequoia, you have to create unique ways to see the best founders early.
Here’s how I’ve built access for myself and for the fund …
As a solo GP, the biggest constraint for the fund is how I spend my time.
Every pre-seed / seed investor is trying to solve for coverage but trying to see every deal is a huge time constraint.
That is not the game I am playing; I would rather play positive-sum games with a small amount of other GPs who I trust and can see myself co-investing with for the next decade.
To do that, I worked backwards, and engineered a sourcing funnel that brings these founders to us from sources we trust before they break out.
Unlike many other others trying to solve the coverage problem of pre-seed investing, we have a funnel that allows for our coverage to compound.
In the end, this creates information arbitrage and leaves us with a highly-vetted number of companies to talk to every month.
And when a breakout company is making the rounds, we’re already on the list because the people around the table already know how we think.