Constraints to Fix First
- •Prove founder-market fit with concrete customer pain.
- •Show 12-18 months runway plan before outreach.
- •Keep a focused deck: problem, traction, why-now.
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Run readiness baselineAsk Lech with contextProgress
○ Two Numbers
○ Fundraise Readiness
○ Fundraise Workspace
Recommended Path
FOR FOUNDERS — ELEVEN VENTURES
Pitch me.
Impress me.
Build something real.
I look at 200+ deals a year through Eleven Ventures. I back founders who remind me of myself at the start — obsessed, slightly unreasonable, building in a space they couldn't stop thinking about.
What I look for
Founder-market fit
You've lived the problem. Your unfair advantage isn't capital or connections — it's that you couldn't not solve this.
Central European ambition
Building in Poland, Czech Republic, Romania, Hungary? I understand the ecosystem better than any US fund. I add more than a check.
Unit economics clarity
You know your LTV:CAC. Or you know why you don't yet — and you have a coherent thesis for when you will.
Something that doesn't look obvious
The best deals I've missed all looked wrong first. I want to understand your contrarian insight.
Pre-seed to Series A
My sweet spot is the first €500K to €3M. Too early for a formal process, early enough to matter.
Honest about what's broken
Tell me what's not working. Founders who hide the hard parts waste both our time.
What I don't fund
- Consumer apps without a defensible moat
- Hardware that depends on one customer
- Founders who pitch me before they have a single paying customer
- Anything I can't explain to a founder in one paragraph
- Follow-on investments in companies I didn't back early
Ready to pitch?
Send me your deck, your numbers, and one honest paragraph about what's broken.
Submit your pitch →