Enterprise capitalists might management capital, however one forex that they’re all the time seeking is an elusive, evolving one: deal movement. Betting early on the following huge startup is sufficient to cement your entire return of a fund (after which some) — and assist that plucky investor make a reputation for themselves.

This actuality makes Afore Capital’s newest product launch seem all of the extra benevolent. The enterprise agency, which simply closed a $150 million fund in Could 2022, is launching what it describes as a typical utility for pre-seed startup founders. Just like the well-known undergraduate faculty admission utility, a startup Frequent App would enable founders to seamlessly pitch a number of buyers utilizing the identical fundamental kind and pitch deck — .

Right here’s the way it works: Afore Capital has an accelerator-like program, Afore Alpha, that provides a regular pre-seed deal to founders. The applying consists of questions in regards to the founding staff, pitch deck, current wins, inspiration and, apparently, whether or not the startup has utilized to or interviewed at Y Combinator for the agency’s inside benchmarking course of.

These accepted land a $1 million lead funding through a $10 million post-money SAFE, a deal that Afore notes is 5 occasions extra capital and 5 occasions the valuation that accelerators like YC and Techstars provide.

Now, the identical founding groups that apply to Afore’s program will mechanically have their utility blasted to 30-some buyers within the enterprise agency’s community. The cohort, which Afore dubs as pre-seed consultants, consists of Path Run Capital’s Allison Barr Allen, The New Regular Fund’s Allison Pickens, Night time Ventures’ Em Herrera and Cambrian Ventures’ Rex Salisbury.