As I talk to entrepreneurs, I am often asked about the best sources of seed funding. In Boston over the past 10 years (in addition to a great core group of individual super-angels) there are now at least 5+ great institutional seed funds in Cambridge/Boston. I’ve worked directly with many of them and highly recommend these excellent active funds and partners:
- Founder Collective – Eric Paley
- Project 11 – Katie Rae
- Avalon Partners – Brady Bohrmann
- Boston Seed – Nicole Stata (2015 NEVY Rising Star VC)
- NextView Ventures – Lee Hower
- Raptor Group – Jim Pallotta
One of an entrepreneur’s many benefits of working with institutional seed funds is that you avoid the negative signaling effect of taking seed funding from a venture firm. Depending on the situation it can make sense to work with venture firms on a seed round. However, increasingly, my default advice to entrepreneurs with a new project (especially first timers) is to start with the institutional firms that specialize in seed funding (like those above) who generally invest < $1-2M in Seed and then take their pro-rata or even step back a bit as you do Series A+.