My 2 friends and I are early stage founders ourselves, and we believe that founder talent is uniformly distributed – having a network is not indicative of founder success. The current market for pre-seed investing has super high information asymmetries and is an inefficient market.
Accessing pre-seed capital through a network favors the status quo, which is a huge disadvantage for people of color, females and people that don’t have an ivy league school on their CV.
We know from our own experience that raising a pre-seed is a huge pain and every founder you’ll talk to will tell you the same – while raising an angel round for our current startup, we just couldn’t take it anymore and had to do something about it, so we're piloting project pegasus as an experiment. If it's successful and we can make some matches between founders and angels, we'll build this out as a platform. If not, that's fine too and it was worth a try!
If we can make matches, we'll take a small commission from the angel investors – but for founders the service is free!
Check out Project Pegasus here: http://projectpegasus.io
Thoughts? Ideas on how we could improve? Let us know in the comments below!