Prima Ventures

Prima Ventures is an early-stage venture fund aiming to empower a new generation of entrepreneurs and inspire as many communities as we can.

[Larry Cheng @larryvc]

We are entering a very intriguing period for many VC-backed companies that grew up in the era of freely flowing capital in the private markets. Many raised too much capital, spent too much capital, had capital-inflated revenues, and then retrenched over the last year+ when capital became scarce.

Included in that retrenchment for many included a material reduction in sales and marketing expense (S&M). They are now in a period of comping year-over-year revenue growth over periods where S&M expense was still high in an era of free money - so revenue is declining although often S&M expense is declining even further.

Over the coming few quarters, many of these companies will start to comp revenue against quarters with more normalized S&M expense - a truer gauge of the health of the business. Some will continue to experience revenue declines demonstrating at best weakness in their business model and at worst a fundamentally flawed business model.

Some, however, will return to top line growth, and possibly profitable topline growth on top of that. Their first act defined by inflated capital bases, inflated revenues and inflated valuations - and their second act defined by profitable growth and more durable value creation. My guess is 2024 will be the year that this separation happens one way or another for these companies.

[Andrew Gazdecki @agazdecki]

If you build a startup and do zero marketing customers will not come.

[Prima Ventures @Prima_Ventures]

In early-stage startups, looking for an investor who brings more to the table than money is key. Money can solve a lot. Passionate people backing you can do more.

[Cortado Ventures @CortadoVentures]

"The VC community has a duty to increase equity and access and improve services and solutions for impact in local economies," writes Lindsay Siegel, Managing Director of the City Fellowship and Head of Impact at Company Ventures. Read more here: https://t.co/4aL2ryohcI

[Prima Ventures @Prima_Ventures]

We want to open the doors for the next generation. If you want to join us, our DMs are open. You can find more at https://t.co/Fgk7G5vKWS We look forward to building a foundation with you. /🧵

[Prima Ventures @Prima_Ventures]

We believe VCs can do more. For their investments, and their investors. To address this, we built Prima Ventures.

Here's how VCs can do more- 🧵

[Prima Ventures @Prima_Ventures]

We build partnerships to help companies we invest in by connecting them with founders, advisors, and experts in their field. We are creating an ecosystem to help each team succeed.

[Prima Ventures @Prima_Ventures]

What's new? Oh... we are 😎