3 ms·
>> Seed and Series-A are two entirely different games. Are you actually in a position to offer advice? What you say seems outdated - seeds grew to multi-millio
by duncanawoods 10y ago
>> Seed and Series-A are two entirely different games.
Are you actually in a position to offer advice? What you say seems outdated - seeds grew to multi-million figures such that "seed is the new series A" was a thing back in 2013 - firms now offer "pre-seed" funding and "second-seeds" seem increasingly common.
The assumption today seems to be that if you have no connections, you must self-fund / bootstrap / FFF your way to traction to even attract angel interest and for you, seed is for growth. However, if you have prior exits and connections then you play a different game and can probably raise a MM seed without even an idea of what your new business might be.
- rsp1984 10y agoAre you actually in a position to offer advice? Are you in a position to question that I am? I've raised a seed round for my company 3 years ago and we are now going for Series A. I feel experienced enough to share some of my thoughts. Feel free to ignore it if you disagree.
- duncanawoods 10y agoSorry I said that aggressively. I'm tired of low signal startup advice that does not address real-world complexity and it got the better of me. What would have been fascinating, practical and not have raised my doubts would be if you compared the metrics and institutions you used to raise your seed compared to what you are using for your Series A. Anyway, best of luck. Three years seems like a long time to live on a seed.
- rsp1984 10y agoThanks. We hustled to "Ramen profitability" so we don't actually need the money. We'd still very much like it though to speed some things up and to buy ourselves some ice cream to the Ramen every once in a while ;-)