Why Pre-Seed Is the Most Underrated Stage for Aspiring Investors

The Conviction Stage

Pre-seed is where founders have vision but little else. For investors, it's the purest test of thesis and judgment.

At VU, we argue that learning to underwrite pre-seed rounds teaches skills that no later-stage analysis ever will.

What You Learn

1. How to evaluate founders without traction
2. How to size markets that don't exist yet
3. How to build conviction under uncertainty

These are the muscles our apprenticeship trains every cohort.