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How Termina selected and ranked the 2024 Seed 100 and Seed 40 lists of the top early-stage venture capitalists

May 06, 2024 - businessinsider.com
The Seed 100 and Seed 40 lists, published by Termina in collaboration with Business Insider, rank investors based on their track records. The lists are compiled using a statistical analysis of each investor's performance in 25 areas, using data from Crunchbase and PitchBook. The analysis focuses on investors who have made at least five investments between 2009 and 2024, with criteria including successful IPOs or acquisitions, signs of future success with seed investments, and active participation in the seed-investing ecosystem. This year, over 1,800 investors met the criteria, an 18% increase from the previous year, and the list included 187 female candidates, a significant increase from the previous year.

The article also highlights the growing influence of AI in seed investing. The release of OpenAI's GPT-4 model has sparked interest among entrepreneurs and investors, leading to a significant increase in seed capital allocation to AI tech. The authors believe that AI will enable seed-stage companies to bring products to market with less capital, making seed-stage investing even more crucial as AI becomes the infrastructure for launching new tech products and services.

Key takeaways:

  • The Seed 100 and Seed 40 lists, published by Termina in collaboration with Business Insider, are based on a statistical analysis of investor track records, focusing on potential success rather than solely past achievements.
  • Termina, an AI-software platform incubated by Tribe Capital, powers quantitative due diligence for leading investors globally, analyzing each investor's performance in 25 areas using Crunchbase and PitchBook data.
  • AI technology is significantly influencing seed-stage investments, with AI tech receiving over 16% of all seed-investing capital, particularly after the release of OpenAI's GPT-4 model.
  • The number of female seed investors is increasing, with 187 female candidates in the latest list, up from 8% when the first Seed 100 was released in 2021.
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