We are excited to announce that Preface Ventures has joined Standard Metrics as a customer. Preface Ventures is a New York based firm backing successfully exited, pre-seed entrepreneurs building on the frontier of enterprise infrastructure and software. Notable investments include Redlock (acq. by PANW), DX (acq. By TEAM), Truebill (acq. By RKT), and HoA.ai. 

As Preface Ventures has grown, the firm wanted to move from a light-weight portfolio monitoring solution that lacked scalability and flexibility to a more of an institutional grade suite like Standard Metrics.

“Preface was looking for a platform with more robust, real-time reporting features,” said Farooq Abbasi, founder and General Partner at Preface Ventures. “Preface Ventures will use Standard Metrics to better support changing portfolio company needs across the full investment lifecycle.”

“Preface Ventures supports founders from their very first wins to their public exits and acquisitions,” said John Melas-Kyriazi, CEO and Founder at Standard Metrics. “We’re honored to work with Preface and their portfolio companies.”

About Preface Ventures

Preface Ventures, established in 2016 with $80M AUM, is a top 2% performing enterprise/AI focused seed fund based in NYC that backs previously (exited) founders at inception. It was founded by Farooq Abbasi who has invested in seed-stage enterprise technology for nearly 20 years. Farooq has deployed $100M into 100+ companies to date, achieving 28.1% net IRR in his career (top 5% of Cambridge Associates benchmarks) with a 1 out of 8 hit rate for fund+ returning investments. 

About Standard Metrics

Standard Metrics is the AI-driven portfolio management solution that supports VC/PE firms and their portfolio companies. Investors like General Catalyst, Bessemer Venture Partners, and Accel use Standard Metrics to streamline partner meetings, portfolio reviews, LP reporting, valuations processes, and performance benchmarking.