3 things to know about pre-seed investing post-SVB
I happen to think Carta has some of the best data on pre-seed investing in the world. We have thousands of companies raising on SAFEs or convertible notes every quarter on the platform.
So what's happening at this earliest stage - and what's likely to happen over the coming months?
1. Pre-seed investing was already losing steam before this weekend.
Angels and others invested $126 million into pre-seed Carta companies in February. That's a far cry from the highs of 2021.
2. Smaller checks have faded more quickly than bigger ones
As money gets tighter, smaller checks (defined as under $10k) have seen relatively more decline than major ones (over $100k). Seems like professional angels are still in the game to a large degree.
3. The SVB tangle is coming
The worst impact was thankfully avoided, but SVB's collapse is still likely to lengthen timelines for fundraising as VCs unwind their current banking structures and implement new ones.
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#cartadata #angels #pre-seed #startups #investing #VC
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