Venture Capital
San Francisco, California, 94105
We can't deviate from the basic parameters of our investment model. Any of the following conditions will trigger an automatic "No" from us.Coin/token offering or SAFT.A primary business model is crypto mining, issuing tokens, or minting NFTsRound size greater than $1M. (This is a hard limit. Our soft limit is $500K.)Minimum check size greater than $500K. (This is a hard limit. Our usual commitment is $150-300K.)Valuation/cap greater than $6M. (This is a hard limit. Our soft limit is $3M.)Previous outside investment greater than $500K total.Primary offering is at the idea, mockup, prototype, or pre-revenue MVP stage.There isn't it at least one founder working on the business full time (even if some plan to become full time after funding)Company is not doing any real engineering of its own.Product/service is pure e-commerce sales, an e-sports league, or an e-sports team.Produce/service is related to legal "gray areas" like marijuana, real money gambling, and sex work.Company is based in Central Europe, Eastern Europe, Russia, Middle East (except Israel), Africa, India, South Asia, China, Southeast Asia, or South America -- Even if the corporate entity is domiciled in the US. Even if the company intends to move its operations to a jurisdiction where we do invest.
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