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Speaking of which, I wonder what this artcile means when they say "early stage". Do $200k "angel rounds" count the same as $5M Seed rounds involving actual tie

Speaking of which, I wonder what this artcile means when they say "early stage". Do $200k "angel rounds" count the same as $5M Seed rounds involving actual tier 1 or 2 VCs?

stevenj 9y ago
Early in this case means before Series A.
muzani 9y ago
I feel like a lot of it includes angels who instead chose to buy Bitcoin.