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 insights to draw upon as a result.    We also covered:   How fewer than one-in-five firms make it to fund five. Why building a firm with staying power is crucial. How fundraising can be stressful for various reasons at various stages. Liquidity in early-stage investments is becoming normalized. LPs have varying expectations regarding returns and liquidity. Why market size forecasting is challenging; focus on founders instead. Early employees may not always be the best hires. Entrepreneurial talent comes in various forms and backgrounds. Venture capital is maturing as an asset class. Founders can reach out directly to Charles for opportunities.   Investing in Startups is hosted by Joe Magyer and produced by Seaplane Ventures.