Norby raised around $500,000 from Notation Capital in 2020
“We raised, honestly, we raised like half a million dollars. And that was basically just so that Sam, Steve, and I could go full time.”
USV partner Andy Weissman helped Notation Capital raise its first fund
“These folks were not just mentors in the sense that they helped me learn the business, but actually they helped us raise Notations First Fund in many ways, and so Andy Weissman has been has been a mentor to us, who's a partner at Union Square Ventures.”
Notation Capital writes $150K checks into pre-seed rounds under $500K
“We write on average, 150,000 dollar checks into what we, Consider pre-seed rounds, so that is typically rounds of 500 K or less”
Notation Capital will exclusively back startups based in New York City
“Yeah, so at least today we're on New York, very much a New York City focused fund. The, so, so every single one of our companies that we work with will be primarily based in New York.”
Notation Capital's inaugural venture fund is just under $8 million
“Yeah, so it's just under eight million dollars.”
Notation Capital targets high single-digit equity ownership for initial pre-seed checks
“We're focusing on having initially relatively high ownership in the companies that we work with. That's usually high single-digit percentage.”
Notation Capital raised its first fund from 30 individual and institutional LPs
“So we have about 30 LPs. Half of those are, or I'd say, you know, in terms of dollar amounts, about half the fund is individuals many of whom are founders and partners that are at other VC firms and folks that, you know, we've worked with in the community for …”