Fund spent a lot of time looking at our materials, only to tell us that they were in the process of establishing a fund at some later time to invest in companies in our space. This seemed like a really indirect way of telling us know, instead of passing and giving us concrete feedback. Diligence team did not seem engaged during our pitches, did not ask a lot of questions, and did not take the time to dive deep into the material we presented despite requesting a lot. We also heard from another founder who received funding from this entity that terms were quite founder-unfriendly, as can be the case for traditional biotech funds and that diligence dragged on for months for a seed round before receiving funding.
Had a few conversations and they passed. Some of those on the call were actively participating, although others were seemingly busy doing other work/not interested - a bit distracting. Response times and feedback were good however.
Amory and Josh from D2 were easy to chat with and extremely helpful. Their feedback was thoughtful and actionable which has provided clarity for the business and potential opportunities available.
This is a tough one as I'd definitely recommend the Antler program as it just opens up an incredible network of fellow (future) co-founders and startup ecosystem. Especially when new in a city, it's great and supercharges your networking abilities. As a fund and behaviors as investors, I don't think they're great. Investment team seems overwhelmed and it's hard to get responses, they make promises for meetings and intros that don't materialize etc. Overall I'd still recommend joining the Antler program, but it's not about the investment. Lack of diversity in decision-makers.
I've had a positive experience with RTP. The decision-making process and due diligence / paperwork that followed were extremely quick, which is so important for founders as we're often almost running out of runway and just need to move on running the business. Made a couple of useful intros.
Triple Point Ventures
Extremely fast response, we're a 'no' for them due to market sector preferences they have, but they offered additional resources to point us in the right direction. I wish all investors were as efficient, helpful, and responsive.