Anna Harrington
Managing Partner
Moraga, California
We write twenty-five pre-seed cheques a year into enterprise software, we decide in two weeks, and we do not take a board seat before there is a board.
The terms
The record
Moraga, California
Two weeks, start to finish, and a real answer either way. Founders raising their first round cannot afford a two-month process run by people who were never going to invest.
We take no board seat and no control terms at this stage. There is nothing to govern yet, and the paperwork costs a young company weeks it does not have.
There is nothing to govern at pre-seed. We do not pretend otherwise.
Before we start
01
A buyer with a budget line. Consumer is a different craft and not ours.
02
A prototype, a pilot, a script that works. Not a deck about one.
03
Three conversations and a decision. We will not string you along.
Our published process, and the point in it where you can stop us. Nobody has ever waited on a Moraga answer for more than a fortnight.
Day 1
One partner
Forty minutes. What you are building and who has to buy it.
Day 4
Two partners
The product, running. We would rather use it than hear about it.
Day 8
Your customer
One reference call, arranged by you, with someone who pays.
Day 11
Everyone
Yes with terms attached, or no with the reason attached.
People
Managing Partner
Managing Partner
General Partner
General Partner
General Partner
Partner
Partner
Partner
Principal
Principal
Principal
Investor
Investor
Investor
Investor
Head of Platform
Head of Talent
Head of Research
Chief Financial Officer
General Counsel
Director of Data
Director of Communications
Investor Relations
Head of Operations
Portfolio Controller
Open role
Three years shipping or selling enterprise software, and the discipline to say no quickly and kindly.
Contact
Named for the valley the first fund was raised in.