Funding for
Early-Stage Startups
ABOUT US
Our Fund seeks to be the first significant investment in an early-stage venture that can reach attainable milestones leading to series A financing within 12-24 months. Our sweet spot is companies that have adaptable and coachable founding teams who have identified a significant customer problem and are working towards product market fit. This includes companies at the minimum viable product, pre-revenue and early revenue stages. Because of the risks involved in investing this early, our preference is to stage capital relative to milestones achieved. Therefore, we reserve significant capital for follow-on investments in our most promising companies.
EVALUATION CRITERIA
We evaluate opportunities based on four criteria:
Progress/Traction to Date
Customer Data Collected
Customer Acquisition Strategy & Metrics
Defined Path to Revenue
Customer Pipeline
Uses of Capital/Milestones
Defined Customer/Product Tests
Accretive Milestones
Human Capital Requirements
Founding Team
Previous Work Experience
Coachability
Leadership Capability &Team Dynamic
Social Capital & Network Strength
Idea/Market Size
Problem Identification & Validation
Unique Value Proposition
Unfair Advantage
Defensibility
TAM / SAM / SOM
SUBMIT YOUR IDEA
Please note: The Alabama Futures Fund I is not currently investing in new portfolio companies. Because of this, AFF is not accepting submissions or investment materials.
Your materials do not need to be long, in fact we don’t suggest sending a full business plan. Our preference is to receive 4-6 page summaries/decks that address the key areas outlined on the Evaluation Criteria page of this website.
As a matter of policy, AFF does not sign non-disclosure agreements (NDAs). However, please be aware that nothing you send us will be shared outside of our partnership without your expressed permission.