A reckoning is coming.

It’s never too early to reach out. While we focus on leading Seed and Series A rounds, we invest in angel and pre-seed rounds as well. We prefer to invest in teams that we’ve gotten to know, so the earlier we can engage the better. Even if not fundraising, we’re happy to share thoughts and will do our best to be helpful.

We have no industry bias, and strongly believe that exceptional teams identify the most exceptional opportunities.

Our investment decision is heavily dependent on the founding team. Beyond team, we also seek differentiated products and large addressable markets undergoing rapid change. Business momentum (not necessarily revenue) is also important. We love to see teams that move fast and consistently achieve aggressive milestones.

We invest throughout the United States and Canada, but have a particular focus on New York, the Southeast and Midwest.

It varies, but we are a small team that prides ourselves on getting to decisions quickly. In many cases, we will make our decision in less than two weeks. Given we prioritize the team in our decision-making, we look to spend quality time with the founders to understand how you think and work.

We see a lot of deals and try to focus our time on the very best opportunities. We value referrals from people we know and trust. You are much more likely to get a quick response if you find an introduction from someone in the Third Prime network.

That said, we actively invest in a variety of markets and recognize you might not have connections with our network. Don’t be afraid to email us directly at [email protected].

Our initial investment in a startup ranges from $500K to $2.0 million, but we’ve gone higher and lower. We reserve meaningfully to support our companies with follow-on investing. In fact, we reserve the majority of our fund’s capital for follow-on investments.

No. But we like to own enough of the company to make sure that we can dedicate meaningful time and resources to helping you build.

The average size is likely $2.5 million, but we’ve invested in rounds much smaller and larger.

While our strong desire is to lead deals, we are also open to investing in situations where we aren’t the lead. However, we are unwilling to participate in rounds without a strong lead investor. Regardless of whether we lead or not, we typically seek to partner with a variety of VCs and strategic investors in our network to form a strong syndicate.

In most cases. However, it is not a requirement.

We focus on companies based in the U.S. and Canada because that is where we have the most experience and can be the most valuable partners.