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Image Credits:Piclarity.com / Suzanne Fletcher, general partner at Zelda Ventures
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Image Credits:Piclarity.com / Suzanne Fletcher, general partner at Zelda Ventures
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We continue to seemore pre - seed funds , which is great for ideas that necessitate a boost to realisation . Today , pre - seed startup have another fresh source of capital — but there ’s a match . Suzanne Fletcher has to have invested in you before .
“ I started Zelda Ventures at the terminal of last year with a pretty basic thesis — invest in the next companies of founders I back before , ” Fletcher , general partner atZelda Ventures , told TechCrunch . “ When I was investing on behalf of Stanford University , basically into their alum company , I estimated about 10 % of them were go to start a newfangled ship’s company in a reach year . ”
During her two - decennium career as an investor , she was the Stanford StartX investment company manager and ecumenical partner at Prime Movers Lab . Fletcher has made over 350 investment , most notably inSourcegraph , Hive , Alation , Turing , Dexterityand Orca Bio . Thirty of those portfolio fellowship pop off , includingNearpod , OsmoandSweep .
Named after theiconic video recording game characterthat hunt for treasure , Bay Area - found Zelda makes its debut with $ 33 million of Das Kapital commitments .
Fletcher purpose to be the first check into those newfangled ideas . She watched saint money , which would have been that initial capital , leave the inauguration ecosystem over the past few years . At the same time , boastful fund that were investing in the early stage extract back as well to refocus on expectant investments .
“ That make a wonderful chance for smaller pre - seed funds to diddle a very polar role , ” Fletcher said .
Sourcegraph raises $ 125 M Series D on $ 2.6B rating for oecumenical code lookup tool
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As a generalist investment trust in pre - seed companies , Zelda is looking for passion and commitment on the part of founders . Fletcher ’s list includes father with the ability to put together a dynamic team and execute on their theme . She also want to love why a founder is doing this next society .
“ The theme has to be really sharpen around how with child the market is , ” she suppose . “ That ’s a generalist approach , but with a very specific electron lens , and one where I think when you overlay how you ’re expect at serial entrepreneurs , all of whose prior companies you seat in , it really favors that prior cognition of why . I want someone for the recollective haul and who want to produce a generationally changing , impactful and large business . ”
It deal a class of fundraising for the newfangled fund . During that metre , Fletcher enjoin she go to 446 merging with special partners and finish up with 80 who signed on , include Randy Eisenman , co - founder and managing partner of Satori Capital .
Meanwhile , Fletcher invested in 10 companies from the novel fund so far , including Andromeda Surgical , Pointable and Redcoat AI . She plans to induct in 40 company in total .
“ What I establish is a boutique , early - stage and experient enterpriser product , ” Fletcher said . “ I ’m very clear on what it is . I ’m there to aid you for the first 18 months to get you to Series A. ”
New pre - seed funds are kill up everywhere
