Afore Capital raises second pre-seed venture capital fund

As expectations from seed investors intensify, a new stage of investment has established itself earlier in the venture-backed company life cycle. Known as “pre-seed” investing, one of the first legitimate outfits to double down on the stage has refueled, closing its second fund on $77 million. Afore Capital’s sophomore fund is likely the largest pool of venture capital yet to focus exclusively on pre-seed companies, or pre-product businesses seeking their first bout of institutional capital. In many cases, a pre-seed startup may even be “pre-idea,” yet to fully incorporate. While some funds are happy to invest that early, Afore seeks slightly more mature companies. Afore invests between $500,000 and $1 million in nascent startups. As it kicks off its second …

Is your products AI annoying people?

James Glasnapp Artificial intelligence is allowing us all to consider surprising new ways to simplify the lives of our customers. As a product developer, your central focus is always on the customer. But new problems can arise when the specific solution under development helps one customer while alienating others. Let’s consider one personal example taken from my own use of Amy.ai, a service (from x.ai) that provides AI assistants named Amy and Andrew Ingram. Amy and Andrew are AI assistants that help schedule meetings for up to four people. This service solves the very relatable problem of scheduling meetings over email, at least for the person who is trying to do the scheduling. In concept, this idea seems advantageous to …