Is it possible to have a common application that all startup founders can use? • TechCrunch

Venture capitalists might be able to help.He controls the capital but the currency they are always looking for is an elusive, evolving currency: deal flow. It is enough to cement the whole by betting early on the next big startup Fund return (And then some) — and help this spunky investor make a name for themselves.

This makes Afore Capital’s latest product launch seem even more charitable. project company which just closed a $150 million fund in May 2022It is launching what it calls a popular app to help founders of startups. The startup Common App, which is similar to the popular college admissions app, will allow founders to pitch multiple investors using the same template and set of presentations – all at once.

Here’s how it works. Afore Capital has an accelerator program, Afore Alpha, that offers founders a record first deal. The app asks about the founding team, the presentation platform, recent wins, inspiration, as well as whether the startup has been interviewed for Y Combinator’s internal benchmarking.

A $10 million SAFE was agreed upon by those present. This deal is five times larger than the capital and five time more valuable than accelerators like YC or Techstars.

The Afore program now allows the same founder teams to apply for the program. They will automatically share their applications with the 30 investors in the venture company’s network. The group, which Afore calls pre-seed specialists, includes Allison Bar-Allen from Trail Run Capital, Allison Pickens from The New Normal Fund and Night Ventures’ Em Herrera. Cambrian Ventures’ Rex Salisbury is also part of the group.

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