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Turner Novak discusses the evolution of pre-seed investing with Charles Hudson, who founded Precursor VC in 2015 to shape pre-seed as a distinct category. Novak addresses current difficulties faced by pre-seed investors and the risks of avoiding market bubbles, and highlights how Principals at Precursor are given substantial capital to manage.
Novak has previously noted instances of founders navigating major corporate events, such as when one avoided reacquiring a company from WeWork before the COVID pandemic. He has also reported on increased investment activity, highlighting when BananaCap tripled its investment in Forage following 13x B2B growth. These reports add context to his observations on pre-seed investment strategies.