
Investing in Startups
Investing In Startups explores the strategies and stories of leading early-stage venture capitalists. The show covers topics relevant to VCs, LPs, angels, founders, operators, and the startup-curious. It aims to guide listeners through the dynamic startup ecosystem, whether they are seasoned professionals or newcomers. The podcast is hosted by Joe Magyer, Founder and Managing Partner of Seaplane Ventures.
Episodes

Why the Best Deals Aren’t Competitive with Alex Rubalcava of Amplify
Alex Rubalcava, Managing Partner at Amplify, joins Joe Magyer to discuss contrarian early-stage investing, how AI is reshaping software risk, and why some of the best venture opportunities attract little competition. They also cover greenfield markets, capital efficiency, lessons from public-market investing, expanding a circle of competence, and how to tell productive persistence from simply grin

Data, AI, and Why Venture Firms Need to Act Like Startups with Gopi Sundaramurthy
Gopinath Sundaramurthy is a Partner at Ensemble VC, where the firm uses data and software to systematically identify promising founders and investment opportunities at the earliest stages.In this conversation, we talked about how AI is changing venture capital, why data may become one of the few durable advantages between firms, and what happens when investors apply the same operating discipline t

Power Laws, Venture Math, and Changing Your Mind with Abe Othman
Abe Othman has spent years digging into AngelList’s data to better understand how venture investing actually works, not just how investors say it works.In this episode, Abe joins host Joe Magyer to talk about portfolio construction, check sizes, valuations, and the relationship between price and returns. They discuss how much investors should put into each deal, why owning more of a company isn’t

From SaaS to Systems of Work: The Vertical AI Opportunity with Nick Tippmann
Nick Tippmann is the Founder of TipTop Ventures where he invests in vertical AI and applied AI companies at the earliest stages. In this conversation, we talked about vertical AI, systems of work, and why distribution may matter more than ever in a world where software is getting easier to build.Nick explains why vertical AI is not simply the next version of SaaS. In his view, the unit of value is
![The Rapid Rise of AI with Niki Scevak [Encore Episode]](https://cdn.radoxo.com/images/podcasts/76014-investing-in-startups.webp?v=1792006651)
The Rapid Rise of AI with Niki Scevak [Encore Episode]
This episode originally aired in September 2024 — and it's aged remarkably well. We're bringing it back with fresh context on why Niki's predictions have proven out.
Niki Scevak is co-founder and partner at Blackbird, Australia and New Zealand's most prominent venture capital firm. What started with a $29M AUD debut fund and 500 meetings to get 96 people to say yes has grow

Hot Seed Deals, Quitting, and Liquidity with Peter Walker of Carta
Peter Walker is Head of Insights at Carta, where he tracks some of the most important data shaping venture right now. In this conversation, we talked about hot seed deals, quitting, liquidity, and what the latest market data really says about valuations, exits, and the changing structure of venture.
Peter explains why the most expensive seed deals may be more rational than

B2B in the Age of AI and Services as Software with Ariel Winton-Jones
Ariel Winton-Jones is the founder of The Aligned Fund, where she invests in B2B software companies at the earliest signs of product-market fit. We talked about services as software, what B2B looks like in the age of AI, and why intentional investing can be a real edge.
Ariel explains how her thinking evolved from traditional B2B SaaS into what she calls “services as software.” In a worl

Future Titans, Authenticity, and Systems Thinking with Daniel Dart
Daniel Dart is the Founder and General Partner of Rock Yard Ventures. He is also the founder of the Future Titans summit, an amazing event he recently hosted in Austin for emerging managers and the LPs who back them. Daniel is a collaborative, Seed-focused investor focused on backing founders who are refunding core industries. We talked about Future Titans, ambition, authenticity, and the pur

Momentum, Moats, and the New Rules of Pre-Seed with Gaurav Jain
Gaurav Jain is the Cofounder and Managing Partner of Afore Capital. Afore is one of the OGs of institutional pre-seed investing and runs the largest dedicated pre-seed venture fund in the world. We talked about momentum as a moat, how vibe-coding effects pre-seed investing, and the importance of great product and distribution. Here's a longer breakdown…
Gaurav explains why

AI, Hot Deals, & Ownership: Joe Magyer Reflects on 50 Episodes
We're celebrating our recent 50th episode with a special conversation between host Joe Magyer and guest host Chris Hill of Money Unplugged. Chris interviews Joe about his lessons learned from the first 50 episodes, how AI is impacting startups and venture capital, what Joe has changed his mind about, and investing in startups, both the craft and the show. Joe and Chris also unpack how AI has

Live Episode! A Future Titans Collab and Solo GP Life with Zal Bilimoria
We're excited to share this interview with Zal Bilimoria, founding partner at Refactor Capital, recorded live at the recent Future Titans emerging manager summit. Zal is a high-conviction, hard-tech investor and solo capitalist who manages more than $225 million. He has a fascinating career, from building products at Netflix and LinkedIn to being an early employee at a16z to later forming Ref

Episode 50! Venture Strategy, Real Work, & The Myth of Overnight Success with Seth Levine
Seth Levine is a Partner at Foundry Group, a longtime early-stage firm investing in both startups and emerging fund managers. We talked about the art of working with founders, short-term-ism, knowing your own competitive advantage, why AI will create more jobs than it disrupts, and the myth of overnight success. Here's the longer of what we covered:
Doing the real work with

E49: AI Agents, Unlocking Human Potential, and Not Giving Up with Hyperspell
Conor Brennan-Burke and Manu Ebert are the co-founders of Hyperspell. Hyperspell provides a memory and context layer to AI agents is one of our portfolio companies at Seaplane Ventures. I (Joe here) was trying to explain to some friends at a BBQ recently Hyperspell what did and learned pretty quickly that most people aren’t familiar yet with AI agents. Given that and the sudden explosion in i

E48: Backing Emerging Managers Before They're Brand Names with Courtney McCrea
Courtney McCrea is the Cofounder and Managing Partner of Recast Capital. Courtney and I dove into the intricacies of investing in emerging managers and building those firms. We talked about why Courtney is so enthusiastic about emerging managers, the challenges emerging managers face and how to overcome them, how LPs can better evaluate emerging managers, and why LPs aren’t racing to adopt AI

E47: Gritty Founders, Weird Markets, and Vertical AI with Dan Teran
Dan Teran is a Cofounder and Managing Partner of Gutter Capital. Gutter is an early-stage firm based out of New York focused on founders tackling the world’s toughest problems. We talked about why Gutter invests with conviction, why they seek out founders with unique insights rather than Gutter trying to dream up their own, and how AI can solve problems in the real world, not just online.&nbs

E46: Breaking Rules and Letting Winners Run with David Gardner of The Motley Fool
Our guest this week is David Gardner, Cofounder of The Motley Fool. David is one of the best stock pickers of his generation. While for many investors a single 100X investment would be a career-defining win, David has earned a 100X return on 6 companies including Nvidia, Tesla, Amazon, and Netflix. We talked about breaking the rules of investing, optionality, valuation, letting winners run, a

E45: Access, Picking VCs, and Tough Love with Superclusters' David Zhou
David Zhou is an investor in emerging managers, an angel investor, a blogger, and the host of the Superclusters podcast. We talked about how LPs can size up emerging managers, how VCs can stand out, portfolio construction, and which of sourcing, picking, and winning is the most important. We also explored:
+ Why David thinks that “access beats picking (then winning)” for mo

E44: Roundtable! Network Effects, Hustle, Raising Money, and More with Colin Gardiner and Sonia Nagar
We're trying something new with our first roundtable! Our guests are Sonia Nagar from SNAK Venture Partners and Colin Gardiner from Yonder Ventures. Sonia and Colin are both early-stage investors, friends of mine, and experts on marketplaces and network effects. We talked about AI’s role in marketplaces, why network effects aren’t more popular (even though they should be), how to make your ow

E43: Trust, Paying Up, & Homebrew Forever with Hunter Walk
Our guest this week is Hunter Walk, Co-Founder of Homebrew and Screendoor. Hunter has a deep background in product, including from his time at Google and YouTube, but is best known for his investing. Homebrew’s big wins over the years include Chime, Plaid, Gusto, Cruise, and more. We talked about trust and context, product, funnel math, investing life after LPs, and why Hunter isn’t as fussy

E42: From Public Markets to VC, AI, & Winning — Joe Magyer
Joe Magyer is the host of Investing in Startups, but his real job is running his early-stage boutique, Seaplane Ventures. In this episode, Joe is interviewed by his friend Owen Raszkiewicz, Founder and CIO of Rask Group and host of the Australian Investors Podcast. Joe talked why he made the move from public to private markets, how small firms can compete with big firms, the current venture l

E41: Pre/Seed, Control Points, and Frenemies with Jackie DiMonte of Grid Capital
Jackie DiMonte is the Cofounder and General Partner of Grid Capital. We talked about power laws, investing with conviction, how to help founders in their earliest stages, small funds vs. big funds, and whether pre-seed valuations really are mental. We spoke in depth about:
- Why Pre/Seed (not just “pre-seed”). Jackie sees pre/seed as a continuum and optimizes for inve

E40: The Art & Science of Portfolio Construction Plus Valuation Realism with Morgan Flager
Morgan Flager is the Managing Partner of Silverton Partners. Silverton is an early-stage firm that has had more than 30 companies IPO or get acquired. We talked about the art and science of portfolio construction, when to bend on price, and which of team, product, or market is most important. We also dove into:
Silverton’s “early PMF” lane. Sweet spot is writing ~$3–7M chec

E39: Networks, Flywheels, and Why Fintech is Thriving with Rex Salisbury
Rex Salisbury is the Founder and General Partner of fintech-focused Cambrian Ventures. We talked about how Rex built a big community and following in the fintech world, why fintech startups are on a roll, disruption versus partnership, and how the venture world is evolving.
Other topics include:
The Bay Area fosters a unique culture of openness a

E38: Lessons from Investing in 400 Startups with Charles Hudson of Precursor Ventures
Charles Hudson is the Managing Partner and Founder of Precursor Ventures. Precursor is a generalist pre-seed firm based in San Francisco that invests in startups from all over. We talked about the importance of founder-centric investing, portfolio construction, and the balancing act of taking money off the table with winners. Charles has made over 400 investments at Precursor and has a lot of

E37: Bigger Isn't Better and Give First with Techstars' David Cohen
David Cohen is the CEO and Cofounder of Techstars. Techstars is one of the OGs of startup accelerators, investing in almost 5,000 startups since Techstars was founded in 2006. David himself is a serial entrepreneur who was the founding CEO at Techstars, later stepped back from that role, and then returned as CEO in 2024. We talked about the problems that Techstars solves for founders, how vib

E36: Network Effects, AI Agents, & the Myth of "Product Is Enough" with NFX's Gigi Levy-Weiss
Gigi Levy-Weiss is a serial founder and a Founding Partner at NFX. NFX is an early-stage firm that has established itself as one of leading experts in network effects. We talked about network effects, AI agents, the importance of speed of exectuion, why first-mover advantages are overrated, and how NFX has built its own brand, systems, and network effects.
We also cov

E35: The Pitch, Democratizing Startup Funding, and Non-Consensus Investing with Josh Muccio
Josh Muccio is the Founder of The Pitch and The Pitch Fund. The Pitch is a show that features startup founders pitching a panel of VCs and getting live-fire feedback. The Pitch Fund invests in Josh’s favorite startups that appear on The Pitch. We talked about the behind-the-scenes of how the show works, pitching, whether the market matters more than the founder, and the dangers of consensus i

E34: Conviction, Cheating, AI, and (Not) Predicting with Shawn Merani
Shawn Merani is the Founder and Managing Partner of Parade Ventures. Parade is a seed stage venture firm with an affinity for enterprise software. We talked about the state of seed investing, relationships, observing vs. predicting, cheating, AI and a huge win Shawn had recently with the acquisition of Moveworks. Shawn is a sharp guy and this was a really fun conversation. Please enjoy.

E33: Y Combinator, Open Source, and Lifting Founders Up with Jason Freedman
Jason Freedman is a serial founder and General Partner at Orange Collective. Orange Collective is a Y Combinator-focused venture fund that aims to invest in the most promising YC companies before Demo Day. We talked about YC, exits, AI, open source, raising founders up, and why ownership percentages are overrated. We also discussed:
YC’s radical candor + optimism

E32: Money Unplugged with Joe Magyer
Host Joe Magyer is on the other side of the microphone in this episode as we share a recent interview he did with Chris Hill on Money Unplugged. The conversation explores Joe's earliest experiences with money, including his first hustle, and his thoughts on compounding, debt, Warren Buffett, charity, and the timeless business lessons from Narcos: Mexico.
We also discussed:

E31: Unlocking the Secrets of Startup Secondaries with Jamie Melzer
Our guest this week is Jamie Melzer, Managing Partner at Altra Venture Partners. Altra invests in late-stage and pre-IPO venture-backed startups via secondaries. Jamie took us on a behind-the-scenes tour of the secondary market, how it works, why it is relevant to early stage investors and founders, and where the market is heading. This was the first time we’ve talked about secondaries on Inv

E30: AI, Anti-Patterns, and the Dangers of Elephant Hunting with Itamar Novick
Our guest this week is Itamar Novick, Founder of Recursive Ventures. Itamar is a solo capitalist with a focus on pre-seed startups built around data and AI. We talked about the opportunities and challenges that AI presents, anti-patterns to avoid in startups, winning deals, and why Itamar thinks that most VCs do NOT add value to startups. Itamar has been a founder, executive, and investor, so this

E29: Insights From the World's Most Active Seed Investor with Antler's Tyler Norwood
Our guest this week is Tyler Norwood, Managing Partner for Antler in the US. Antler is the world’s most active seed investor backing founders at the inception stage from all over. We talked about the impact of vibe coding, the traits that Tyler sees in Antler’s most successful founders, why timing matters, and the value of surrounding yourself with other builders. Please enjoy.
Here a

E28: Han Shen on Unsexy Startups, Consumer Trends, and Investing Slightly Early
Our guest this week is Han Shen, Founding Partner of iFly.vc. iFly is an early-stage firm with a non-consensus, high-conviction approach to investing. Han himself is a very successful investor but also matches that success with equal levels of modesty and empathy. We talked about investing in non-consensus startups in an industry that is very consensus-driven, the vibe shift, investing with convic

E27: Should Investors Befriend Founders and Solo GP Life with Ethan Austin
Ethan Austin is the Founder and General Partner of Outside VC. Outside is a Boulder-based firm with a focus on pre-seed startups, outsider founders, and financial inclusion. We talked about why Ethan whether investors should be friends with founders, fintech, what it was like running Techstars Boulder during Covid, and life as a solo GP. We dove further into the following topics:
Origi

E26: The Art of Picking, Geopolitics, and Why Ideas Still Matter with Mark Peter Davis
Mark Peter Davis is the Managing Partner of Interplay Ventures. Interplay is a venture capital firm, but also an incubator and family office. Mark himself is a serial entrepreneur and also the host of the Innovation with Mark Peter Davis podcast, which is a great listen for founders. We talked about the mix of geopolitics and startups, what Mark needs to see from startups to invest, why ideas stil

E25: Tough Questions, Hustle, and Investing in Hilariously Early Startups with Elizabeth Yin
Elizabeth Yin is a General Partner at Hustle Fund. Hustle Fund invests in “hilariously early” startups in the US and beyond. We talked about Elizabeth’s favorite questions to ask founders, navigating disagreements in a healthy way, AI, the art of pitching, and why VCs should be a little more patient with founders. I really enjoyed this one and hope you do as well.
Takeaways:
&nbs

E24: Venture Alpha, Seed Investing, and Climate Volatility with Rick Zullo
Rick Zullo is the Founder and Managing Partner of Equal Ventures. Equal is a New York-based early stage venture capital firm that takes a concentrated approach with investing themes around climate, insurance, retail, and supply chain. We talked about why Rick invests with conviction, the state of seed investing, what climate volatility means for insurers and investors, and why being kind is more i

E23: Betting Big on B2B Marketplaces with Sonia Nagar
Sonia Nagar is the Founder and Managing Partner of SNAK Venture Partners. SNAK is a Chicago-based firm that invests in Seed stage marketplace startups. We talked about why SNAK loves marketplaces, what surprised Sonia about starting a new firm, why SNAK prefers B2B to B2C, first-mover advantages, and how AI has and hasn’t changed marketplaces. Please enjoy.
Investing in Startups is hosted b

E22: Small Funds, Big Impact: Graham Pingree on Early-Stage Trends, Portfolio Design, and the Pre-Seed Advantage
Graham Pingree is a Partner at Cendana Capital, a fund of funds firm that invests in small venture funds investing at pre-seed and seed. We talked about why Cendana is focused on small funds, why it has a concentrated strategy, what the firm looks for in emerging managers, how to think about reserves and recycling, and why big venture firms are surprisingly hard to kill.
Investing in

E21: Venture Everywhere, Pre-Seed, and Why Venture Doesn't Scale with Jenny Fielding
Jenny Fielding is a Cofounder and General Partner of Everywhere Ventures. Jenny is a pre-seed investor with a fascinating background. She’s a founder, lawyer by training, has lived in 12 countries, and ran Techstars New York for many years. She’s also the author of Venture Everywhere, a book which comes out in March. We talked about Jenny’s strategy, why venture doesn’t scale, why everywhere doesn

E20: 17 Contrarian Takes About Startups and Venture Capital
We're celebrating our 20th episode with a super cut of 17 contrarian takes on venture capital and startups. Our guests talked about AI, SF, false signals from coinvestors, why venture isn't an access game, network effects, emerging managers, portfolio construction, and more. Special thanks to the following guests for their contributions to this episode:
Niki Scevark, Blackbird Ventures
Mart

E19: Essential Industries, Angels, AI, and Proprietary Deal Flow with Amber Illig
Amber Illig is the Founding General Partner of The Council, an early stage venture firm focused on essential industries like supply chain and healthcare. Amber has a deep operating background having worked at Apple, Cruise, Snap, and Eli Lilly. We talked about why Amber loves essential industries, how she built a proprietary network of operator angel investors, how she and that network help suppor

E18: Sizzle, Substance, and Scaling with Winter Mead of Coolwater Capital
Winter Mead is the Founder and CEO of Coolwater Capital. Coolwater is an accelerator for emerging venture capital fund managers aimed at helping them to launch, build, and scale their firms. We talked about what investors should look for in emerging VCs, how VCs can build durable platforms, and how VCs are using AI to do their jobs better. Winter is one of the most thoughtful LPs in the venture sp

E17: Spotting Winners, Platform Risk, and Why Weird is Good with Zach Coelius
Zach Coelius is the Managing Partner of Coelius Capital. Zach is a 4-time entrepreneur and now solo GP who invests in early stage technology companies. We talked about why ideas are meaningless, demo day investing, platform risk, sniffing out product/market fit, B2B2C business models, and why Zach thinks ownership is overrated. This was a really fun, candid conversation.
In

E16: Syndicates, Angel Investing, and Founder-First Investing with Alex Pattis
Alex Pattis is the General Partner of Riverside Ventures. Riverside is an early stage firm that operates both a traditional venture fund but also a syndicate with more than 6,000 LPs. Alex and I talked about the rise of syndicates, how they work, why he thinks most VCs oversell the value they add to founders, and what he’s excited to invest in today. Please enjoy.
Investing in Startups is h

E15: The Future of Marketplaces and Network Effects with Colin Gardiner
Colin Gardiner is the Founder and General Partner of Yonder Ventures. Colin is a marketplace geek with a fascinating career that began at the Federal Reserve, veered into startups, and now he runs his own venture firm focused on pre-seed marketplaces. We talked about the qualities that set winning marketplaces apart at the early stage, why network effects are so hard to kill, and the future of mar

E14: What's Hot in Venture with Peter Walker
Peter Walker is the Head of Insights at Carta. Peter is a self-professed data geek who publishes some of the most interesting insights and research on venture and startups today. We talked about which pockets of the venture market are going strong, why San Francisco is still the leader in venture, and why speed matters in venture capital.
Investing in Startups is hosted by Joe Magyer and pr

E13: Crypto, the Fed, and Venture Competition with Eric Golden
Eric Golden is the Founder of Canopy Capital and host of the Making Markets podcast. Eric was a portfolio manager and intrapreneur at Fidelity prior to setting up Canopy so he has great perspective on both markets and life as a venture-backed founder. We talked about those experiences, his current views on the Fed, markets, and crypto, and how Eric's view of venture capital has evolved over time.

E12: Startup Accelerators, SaaS, and Helping Founders Run Faster with Mike Cardamone
Mike Cardamone is the founder and managing partner of Forum Ventures. Forum is a New York-based firm with a structure that layers together an accelerator, studio, and pre-seed fund. We talked about why Forum likes B2B SaaS, how Forum helps startups run faster, how Mike sizes up AI opportunities, and why new investors into startups might be making a mistake by following Big Brand VCs into early sta

E11: The Rapid Rise of AI, Global Startups, and How to Treat Founders with Niki Scevak
Niki Scevak is the Co-Founder of Blackbird Ventures and a multi-time startup founder. Blackbird is the largest venture capital firm in Australia and has backed massive winners such as Canva, Zoom, and Culture Amp, among others. We talked about the power of investing early, how AI companies solve problems for customers and why they're interesting to investors, and how world-beating companies can co

E10: Investing Early and Making Your Own Luck with Mac Conwell
Mac Conwell is the Founder of RareBreed Ventures, a Baltimore-based firm that invests in pre-seed and seed startups with dope founders. We had a great conversation about the types of investments that excite Mac, how the regulatory environment affects startups, and Mac’s experience of taking 4,000 meetings to get his firm off the ground.
Investing in Startups is hosted by Joe Magyer and prod

E9: Founder vs. Investor, AI, and Venture Portfolio Construction with Jerry Neumann
Jerry Neumann is a wildly successful early stage investor and one of the best writers and thinkers about the craft. The founder of Neu Venture Capital talks about how he thinks about whether AI is a consensus trade in venture, the theory and reality of portfolio construction, and the origin story of an investment that returned 5000X. We also talked about the reception to a book that Jerry coauthor

E8: A Primer on Angel Investing with Rick Timmins
Rick Timmins delivers a primer on angel investing. Rick is a veteran angel investor and financier with a fascinating career. He served in senior roles with Motorola and Cisco at the height of their powers, was a semi-pro poker player, and today sits on 5 boards including the Angel Capital Association. We talked about the craft of angel investing, the potential rewards and pitfalls, and some of the

E7: Fintech and Israeli Venture with Adi Levanon
Adi Levanon is the Founder of Selah Ventures. Selah is a Tel-Aviv-based firm that is a first-check investor into fintech startups that are building in the US. We talked about fintech, why Israel has more unicorns per capita than the US, the state of the Israeli venture scene today, and the advantages of being a solo GP.
Investing in Startups is hosted by Joe Magyer and produced by Seaplane

E6: SaaS and Seed Investing with Rajiv Bala
Rajiv Bala is the Co-Founder of Clutch VC. Clutch is an Austin-based firm that makes Seed investments in B2B software. We talked about the importance of staying true to your investment thesis, the strategy that enabled Clutch to raise a strong first fund despite a terrible environment, and whether it’s true that you have to be in a billion dollar deal to produce a great venture fund. Please enjoy.

E5: Nick Moran on Investing in Outsider Founders
Nick Moran is the Founder and General Partner of New Stack Ventures. Nick is also the host of The Full Ratchet, the first VC podcast that started back in May 2014. We discussed how New Stack adds value, why Nick is focused on deals outside the Bay area, and why access is overrated. Please enjoy.
Investing in Startups is produced by Seaplane Ventures. You can follow host Joe Magyer on LinkedIn or

E4: Avlok Kohli on the State of Play in Venture
Avlok Kohli is the CEO of AngelList. Avlok is a serial entrepreneur who came on to lead AngelList in 2019. The platform has grown massively since then and now has $124 billion in assets. We explore AngelList's strategy, the state of play in venture, why GPs shouldn't get their hopes up for a liquid secondary market, and Avlok's approach to angel investing.
Investing in Startups is produced by Seap

E3: Morgan Housel on What Never Changes in Investing
Our guest this week is Morgan Housel. Morgan is a partner at Collaborative Fund and the best-selling author of The Psychology of Money and his new book, Same As Ever. He is an award-winning columnist from his days of writing for The Motley Fool and The Wall Street Journal. We discussed what you can and can’t learn from studying great investors, what surprised Morgan about moving from public to pri

E2: Chris Douvos on Backing Emerging Managers
Our guest this week is Chris Douvos, the Founder and Managing Director of Ahoy Capital. We explore why Chris is focused on emerging managers, what led him to a concentrated strategy, what he has changed his mind on over the years, and what keeps him up at night. Please enjoy this fun conversation.
Investing in Startups is produced by Seaplane Ventures. You can follow host Joe Magyer on LinkedIn or

E1: Martin Tobias on Pre-Seed Investing
Our guest this week is Martin Tobias, the Founder of Incisive Ventures. Incisive is a Seattle-based firm that invests in pre-seed software startups in the US and beyond. Prior to starting Incisive, Martin was a highly successful angel investor and a serial entrepreneur who served as the CEO of 3 venture-backed startups.
We discuss why Martin loves pre-seed investing, valuation trends, the ch











