Partner at Initialized Capital Brett Gibson revealed the main criterias used by his VC firm to invest into early stage startups and shared his views on the most promising products on the market.
Initialized Capital invests in early-stage companies before they get to product/market fit, which means they still need to develop a product that meets the needs for the market. On that stage, Initialized Capital looks at the start up founders as the main criteria for investing.
“Before you actually know what the product is and what market exactly they’re going to be serving, the founders are the strongest signal”, he said.
Founders that have a technical background who built products in the past are what Gibson’s firm is usually looking for.
Finally, Gibson shared his view on how crypto startups should prepare for the upcoming recession, as the funding environment is likely to become more “adversarial.”
“We’re advising companies to have more runway, to think more about keeping lean, spending less”, he said.
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Author: Cointelegraph By Cointelegraph