Alabama Futures Fund

AFF is a seed-stage venture capital fund focused on supporting & growing entrepreneurial activity & economic development. 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. 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