What's happening at the seed stage? Featuring Jenny Fielding, Kirby Winfield, and Nate Williams

This Venture Unlocked roundtable discussion delves into the reset happening in the seed stage market. The approach to decision-making at this level has transformed significantly, with a noticeable trend towards prioritizing experienced founders and specific industries, particularly AI. Entrepreneurs now face longer timelines to secure funding, as investors demand more collaboration and a stronger emphasis on tangible commercial success rather than just compelling narratives. General Partners are adapting their fund sizes and reserve strategies, leaning toward larger, earlier investments that allow for greater ownership while minimizing dependence on follow-on funding. Meanwhile, the landscape for Limited Partners has shifted, with reduced liquidity affecting their investment choices and highlighting the need for seed-stage fund managers to present a clear path toward building a sustainable business model.