Ok, but what do YOU define as pre-seed? Is it analogous (as it should be) to a plant, wherein you have no MVP (the seed), no customer (the ground for planting), no revenue (sprouted, with leaf)? Or something above that? Good for you that you are willing to look at ideas in the early stages. That's not only smart, it can easily prove lucrative. Unfortunately, investment has become akin to banking wherein solid proof is required before the loan. Ironically, banks use a formula that doesn't get it wrong 9 of 10 times.
Ok, but what do YOU define as pre-seed? Is it analogous (as it should be) to a plant, wherein you have no MVP (the seed), no customer (the ground for planting), no revenue (sprouted, with leaf)? Or something above that? Good for you that you are willing to look at ideas in the early stages. That's not only smart, it can easily prove lucrative. Unfortunately, investment has become akin to banking wherein solid proof is required before the loan. Ironically, banks use a formula that doesn't get it wrong 9 of 10 times.
I've written about this before here: https://x.com/yrechtman/status/1688577428321406977
but basically pre-seed is direction but no hypothesis, seed is hypothesis but no data, seed+ is data but no significance
so yes - when i say pre-seed i'm going super early
Thanks for your reply. Big risks, yes. Big rewards, unquestionably!