‘Excessive conviction, low quantity’: Playfair launches $70M pre-seed fund for European startups

Early-stage investments inherently have the next threat of failing, however these dangers additionally include probably larger rewards — getting in on the floor flooring of a startup’s journey offers VCs extra negotiation clout. That is significantly true on the very early pre-seed stage, the place corporations may barely have a functioning product to shout about. And that is one thing that London-based generalist VC agency Playfair Capital is aware of all about, given its deal with backing tremendous younger startups which have but to make a lot of a ripple of their respective industries.