In this episode of Seed to Success, Alastair explores the world of Venture Capital with Audrey Miller of Tapestry, a seed and pre-seed VC firm that focuses on repeat founders. Get ready for a deep dive into the pulse of early-stage funding as Audrey unveils the latest trends and sheds light on the market's countercyclical nature.   She discusses the need for VCs to go beyond just providing capital and answers the question we all want to know – what are VCs really looking for? This episode is a must listen for anyone navigating the complex world of early-stage VC funding.   Whether you're a seasoned entrepreneur or a start-up founder looking to secure funding, this episode offers actionable advice and takeaways. _   Show notes:   00:00:00 - Intro 00:02:13 - What makes Tapestry unique 00:07:57 - Repeat founders 00:13:32 - Importance of big TAM 00:14:34 - Technical founders 00:16:35 - Advantages and disadvantages of naivety 00:16:53 - Importance of founder experience 00:18:11 - Number of co-founders 00:20:26 - Team, product, or market? 00:27:36 - Investment process 00:33:40 - Team approach in investing 00:34:12 - Tapestry's investment focus 00:35:03 - Investment decision-making 00:38:00 - Deal sourcing 00:43:25 - Ongoing communication 00:47:11 - Key metrics 00:51:09 - Early-stage VC trends 00:52:32 - Impact of market downturn 00:54:54 - Hot sectors and trends 00:57:48 - Cyclical nature of VC 00:58:55 - Top tip for founders