Born and raised New Yorker, VC @hustlefundvc, diving fanatic, and plant connoisseur. Good with data, mediocre with words.
Apr 18, 2023 • 11 tweets • 4 min read
It's time for pre-seed startup valuations for Q1 2023. Thousands of startups applied to @HustleFundVC this quarter, and we want to share it with all of you.
1/11
First interesting tidbit – we have seen a pretty significant uptick in volume. In March, we had 1k deal submissions!
Also of note – the increase was mostly post SVB.
2/11
Dec 20, 2022 • 9 tweets • 4 min read
It's once again time to talk about Pre-seed startup valuations (queue crowd roaring in excitement). Let's see what over 3,000 US startups who applied to @HustleFundVC in 2022 can tell us about the current state of fundraising and valuations. #startups#entrepreneurship
1/8
First - What we have seen recently. Valuations have overall decreased for pre-seed startups in the 4th quarter. The gains we saw from the first half of the year have, by and large, been erased
2/8
Aug 3, 2022 • 10 tweets • 4 min read
Back by popular request - Pre-seed startup valuations!
Let’s look at over 4K pre-seed deal submissions @hustlefund has gotten over the past year+ and see what's happening in the world of US pre-seed venture capital 🧵
Valuations are back to EOY 2021 levels (~$6M USD) down from all-time highs of ~$7M USD in 1Q2022
2/9
Nov 4, 2021 • 12 tweets • 3 min read
Founders: Uncertainty is expensive. Build a plan for your journey to Unicorn Land that focuses on increasing your probability of success - solving for unknowns and demonstrating capability.
Let's dig in
#startups#Entrepreneurship#VC
IMO, a good plan consists of 3 pieces - your path, people, and proof. Each piece should be designed to maximize the probability that your journey will be successful. Here is a picture that 1) is amazing 2) tells you everything you need to know. But in case you're a words person..
Aug 30, 2021 • 11 tweets • 4 min read
A lot of people had questions on my last tweet about pre-seed valuations. How does valuation vary in the US? How does it vary across regions? How much are people raising? Let's answer them!
One key point I want to make is that while the market moves up or down, on the whole, there is still a lot of variation! Looking at the graph from last time, you can see that one standard deviation is $4M even within the US market.
Aug 4, 2021 • 6 tweets • 3 min read
Everyone is talking about higher valuations in VC in 2021. At @HustleFundVC, we looked at over 3k US Pre-seed deals to better understand if it's true and what's behind it. Let's Go! #VC#startups
Well, it's true (I know, anticlimactic). Valuations are up 55% from pandemic lows (I'm using a 4-week moving average, so the drop and rebound are a little delayed).
