> For the complete documentation index, see [llms.txt](https://docs.theangel.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.theangel.app/market-context/why-pre-seed-needs-reinventing.md).

# Why Pre-Seed Needs Reinventing

Global pre-seed markets have contracted dramatically. Funding has fallen more than 40%, and fewer than 1 in 200 founders now raise a successful pre-seed round.

> **Source**: The Global Pre-Seed Investment Market (2023–2025)