{"id":4335,"date":"2023-08-09T00:32:28","date_gmt":"2023-08-08T16:32:28","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4335"},"modified":"2023-08-09T22:31:07","modified_gmt":"2023-08-09T14:31:07","slug":"daily-markup-804-first-move-aims-to-deploy-pre-seed-funds-of-up-to-usd100k-to-founders-in-days-instead-of-months","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4335","title":{"rendered":"Daily Markup #804: First Move aims to deploy pre-seed funds of up to USD100k to founders in days instead of months"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"846\" height=\"463\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-07-04-141845.jpg\" alt=\"\" class=\"wp-image-4336\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-07-04-141845.jpg 846w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-07-04-141845-300x164.jpg 300w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-07-04-141845-768x420.jpg 768w\" sizes=\"(max-width: 846px) 100vw, 846px\" \/><figcaption class=\"wp-element-caption\">Photo credit: <a href=\"https:\/\/bit.ly\/47iHGsO\">TechNode Global<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>Fast company<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>New 500-backed VC <a href=\"https:\/\/www.firstmovefund.com\/\">First Move<\/a> is aiming to move quickly, aiming for 15-20 consumer-focused startups with a max ticket of USD$100K in pre-seed funding.<\/li>\n\n\n\n<li>They\u2019re halfway there, having already announced investments in Giggly Coco, Scentses &amp; Co, Collektr, Evolut Commerce, Tjufoo, and Decube as well as an unnamed Malaysian coffee company.<\/li>\n\n\n\n<li>\u201cWe move rather fast with the investments and deploying of funds to founders, as we want to ensure founders focus on operating business, rather than spending months fundraising. Signing off of terms and capital deployment is done within days,\u201d said Co-founder Audra Pakalnyte to TechNode Global.<\/li>\n\n\n\n<li>Being founder-focused, their primary consideration is the founder\u2019s own passion, character and experience in solving the problem the business addresses.<\/li>\n\n\n\n<li>\u201cWhile growth was king as recently as a few years ago, profitability has taken the throne now. Investors are actively encouraging their portfolio companies to pursue profitability and self-sufficiency. Slowly, we will continue to see investors go beyond cash injection,\u201d she said.<\/li>\n\n\n\n<li>Read the full interview <a href=\"https:\/\/bit.ly\/47iHGsO\">here<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fast company<\/p>\n","protected":false},"author":5,"featured_media":4336,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[574],"class_list":["post-4335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-first-move"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #804: First Move aims to deploy pre-seed funds of up to USD100k to founders in days instead of months - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=4335\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #804: First Move aims to deploy pre-seed funds of up to USD100k to founders in days instead of months - Markup\" \/>\n<meta property=\"og:description\" content=\"Fast company\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=4335\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T16:32:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T14:31:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-07-04-141845.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"846\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4335#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-07-04-141845.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-07-04-141845.jpg\",\"width\":846,\"height\":463},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=4335#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=4335\",\"name\":\"Daily Markup #804: First Move aims to deploy pre-seed funds of up to USD100k to founders in days instead of months - 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