The earlier the better! We’re a first cheque investor, and have funded companies before they had a product, customers or a dollar of revenue. There’s no such thing as too early, so if you’d like to chat, just reach out here.
We’ve co-invested with most Australian VCs across our portfolio and count them as friends. If you already have angel investors or VCs on-board and want to partner with another investor, we’d love to hear from you.
We’re looking for founders who are obsessed with building the company of their dreams, and are delivering a product they believe the world needs.
When considering a partnership with you, we believe:
Most seed-stage companies won't have solid performance metrics or financials, but we'd love to see that you've thought through the following:
Our process takes between 4-10 weeks, depending on founder readiness (note: we’re happy to meet before you’re officially raising!) and the specifics of the opportunity which may impact our due diligence timelines.
While we aim to move as fast as possible, we take an eyes wide open rather than fingers crossed approach. We're not impulsive decision makers and don't believe speed-dating leads to great outcomes. This a two-way street and a long-term partnership, so let's get to know each other.
You can read more detail about our investment process here.
If you’ve taken a first meeting with us, then we’ll always call you and share our reasons why it’s a ‘no’. The road doesn’t stop there, and we’ve often provided intros to other investors or contacts within the ecosystem who may be able to help. And once you’re in our orbit, consider yourself part of our community at Folklore.
Every investment is different, but we have the flexibility to invest from micro-cheques and up to $2.5M for a first cheque into a business. We want to be with you for the entire journey, so at the time we first invest, we’re already thinking about the second, third and fourth cheques (which will scale up from the first).
We’ve adopted the Australian Investment Council’s Open Source Seed Financing fundraising docs as a basis for our investment terms, and which also serve as an industry standard and universally accepted starting point for later-stage funding rounds. We believe transparency and efficiency is critical to the fundraising process, and will only lead to better outcomes for founders.
If you need support from lawyers, accountants or alternate advice, we can make introductions to experienced professionals who regularly act for companies we have invested in.