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 challenges and opportunities that come with investing abroad, and why investors should be careful to not put too much weight on the reputations of their coinvestors. Investing in Startups is produced by Seaplane Ventures. You can follow host Joe Magyer on LinkedIn or on X at @Magyer.