In this episode of Strictly VC Download, TechCrunch Editor-in-Chief Connie Loizos and StrictlyVC's Alex Gove sit down with Charles Hudson, founder and managing partner of Precursor Ventures, to discuss the fundamental shifts restructuring early-stage venture capital.
Charles opens up about the challenge of raising a fifth fund of $66 million in the challenging financing environment of 2024. There, LPS is increasingly working with a longer liquidity timeline for seed stage investments. They also address how Precursor systematically explores secondary liquidity strategies, including an attractive analysis of what happens when the precursor sells all positions in the Series A, B, or C stages. Not the last, but three were necessary to dive into the institutionalization and “taste” of the venture industry and find a great founder who wouldn't fit the algorithm screen.
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