hedgehog.vc (currently in hibernation)

we're currently taking a little break as we're super busy growing posthog right now - feel free to get in touch with us, but we may take a while to reply to your message.

hedgehog.vc backs businesses similar to ours and is operated by the team behind posthog inc (high growth open source yc company)

ethos

• you are open - you share much of your work publicly
• we are open - we share everything hedgehog.vc does publicly, and expect feedback on our decisions from anyone on this repo
• bias for impact - less asking for investor updates, more getting stuck in and helping you when you need it

focus

we focus on businesses similar to our own - our unique experience is our unfair advantage:

• open source / dev tool / data software start-ups
• pre-seed or seed round stage
• technical founders

you'll probably be a good fit if you're currently going through yc, but we will consider any companies that meet these criteria provided you are in a jurisdiction we can invest in (us, uk, cayman islands are ok - ask if it's not on this list)

we do pre-seed and seed stage because we've had success from pre-seed stage through multiple rounds later ourselves, so can help the most here

value

• we share our playbook for founding, growing, and operating an open source startup
• open source group office hours - monthly group meeting with you + the other open source founders we invest in
• we give you funding to help you make your first hires - $100-500k per startup
• we give you free enterprise use of our tooling for building better products for 1 year, up to 20m events/month
• we will aim to intro you to your series a investors - we know everyone who invests in open source

how

• hedgehog.vc is a scout for uncorrelated ventures
• we have complete decision-making autonomy
• this setup means we can focus on helping you build better products, not fund admin
• we will typically invest $100-500k (but we can be flexible)
• we will ask you for pro rata rights - we want to keep supporting you as you grow

process

• you send us an intro and tell us a bit about your product and company - answer whatever you feel comfortable with
• we schedule a zoom call with you if we're interested in learning more
• we send you any follow up questions (kept to an absolute minimum - we'll ask for the round paperwork)
• james and tim - PostHog co-founders - will make a decision in their weekly meeting
  • yes - we ask for your bank details
  • no - we respond with thoughtful feedback
• once we're done, we'll invite you to a shared slack channel

we're aiming for minimal friction, so please give us feedback

start

email us at vc@posthog.com or create a pitch issue

either option is fine, we don't prioritize one over the other

anyone can do this