Precursor Ventures operates as an "institutional friends & family" investor, systematically backing 30-40 unproven, first-time entrepreneurs per year at the very earliest stage—often pre-launch with no product or traction—filling the gap for founders who lack traditional networks or credentials. The firm deliberately caps fund size and maintains a solo-GP structure to preserve their ability to write fast $250-500K checks based purely on founding team potential, explicitly avoiding the algorithmic screening for elite schools and employers that bigger funds use.