Precursor Ventures

San FranciscoCA 
Size of fund:

Charles Hudson decided to start Precursor Ventures when he realized that the classic seed and micro VC funds were getting too big to make smaller, early-stage investments. Precursor's goal for its first fund was to make 18 to 20 investments a year, at about $150,000 to $250,000 each. Hudson, formerly a partner at SoftTech VC, made 50 investments over the two years it took him to raise the money for Precursor. In general, Hudson says, about 10 percent of the fund is invested in hardware companies; 45 percent is in consumer companies; and 45 percent is in B2B. When it comes to founder diversity, he's aiming to have about 25 percent of the fund in women-led businesses, and a similar amount in both African-American and Latinx founders. Precursor often handles follow-on investments by filling them through Hudson's AngelList syndicate. Precursor's portfolio companies include subscription-based community Chairman Mom, email productivity company Superhuman, and employee engagement tool In 2019, Precursor announced the formation of its second fund, which raised about $31 million--about twice the size of its first.