亲爱的创业者们： 我们非常高兴地宣布 Susa Ventures Fund V ——一支规模 1.75 亿美元 的基金，将用于支持你们启动并扩张公司。 自 2013 年以来，我们始终专注于 Pre-seed 与 Seed 阶段的公司建设。 每一家公司都是从“Day One”开始，但只有极少数最终会成为定义行业的企业。 胜出的公司会在早期找到增长动能，并在之后几十年持续复利增长。 而我们的使命，就是帮助你在创业早期就积累这种动能——通过资金、客户和人才。 Susa 的创始人整体上比行业同行更成功，也能保留更多股权。 Susa 的公司成为独角兽的概率大约是行业平均的 10 倍。 Susa I 与 II 的公司中，有 10% 最终成为独角兽——而行业平均仅为 1%。 Susa 支持的公司在进行 A 轮融资时的估值大约是行业平均的 2 倍，这意味着创始人稀释更低，最终保有更多股权。 我们的工作方式： 我们在 pre-seed 与 seed 阶段投资 50 万至 500 万美元。 我们从 “尚未确定想法（pre-idea）” 到 “早期 PMF” 全阶段参与。 我们基于独立判断投资——不在乎还有谁参与这个轮次。 我们非常严格——每位合伙人一年只投资 2-3 家 公司。 我们行业中立，但主要关注软件，并且坚信 AI 仍然被低估（underhyped）。 我们始终以创始人为先——12 年来，我们从未投票驱逐任何创始人。 一句话总结： 我们是一支为种子阶段而生、以种子阶段为专长的基金。 我们正处在人类历史上最激动人心的科技变革之中。 人工智能有潜力以远超以往任何技术的方式改变人类生活。 这让我们充满乐观，并坚定地投入力量，帮助构建一个让人兴奋的未来。 我们在此列出了我们重点关注的投资方向。 选择 Susa，意味着你的成功将影响公司之外的更大群体。 我们管理的资本来自美国的机构投资者，包括非营利基金会、教育基金会以及领先的医疗机构。 如果你正在构建一家早期公司，随时联系我们。 Chad Dear founders, We’re excited to announce Susa Ventures V – a $175M fund to help you launch and scale your company. Since 2013, we’ve dedicated ourselves to pre-seed and seed-stage company building. Every company starts at day one, but only a few become category-defining businesses. The winners find momentum early and compound it for decades. Our job is to help you build momentum early – by providing capital, customers and talent. Susa founders are on average more successful and own more of their companies than industry peers. Susa companies become unicorns ~10x more often than the average venture-funded startup. 10% of Susa I and II companies have become unicorns – compared to a 1%* industry average. Susa-backed companies raise Series A rounds at ~2x higher valuations than industry average*, resulting in lower founder dilution. Susa founders tend to own more of their companies at exit. How we work: We invest $500k-$5m at the pre-seed and seed-stage. We invest pre-idea all the way through early product-market-fit. We build independent conviction – we don't care who else is in the round. We’re very selective – each partner invests in just 2-3 companies per year. We're sector-agnostic, focused primarily on software, and believe AI is underhyped. We’re founder-first – in 12 years, we’ve never voted a founder out of their business. In short, we’re a purpose-built seed specialist. We’re living in the most exciting technology shift in human history. Artificial intelligence has the potential to change the way humans live in a more profound way than anything we’ve seen before. We’re energized by optimism and motivated by the determination to help build a future we’re excited about. We’ve outlined areas of investment interest here. Choosing Susa means your success drives impact beyond your company. We manage capital from US-based institutions, including non-profit foundations, education endowments and leading healthcare providers. If you’re an early-stage builder, please reach out. Chad