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Hello HN! Atrium CEO Justin Kan here. Happy to answer any questions about the article or help coach you through the process live in our next Atrium Scale progra

by justin 8y ago

Hello HN! Atrium CEO Justin Kan here. Happy to answer any questions about the article or help coach you through the process live in our next Atrium Scale program.

nsmog767 8y ago
Thanks for the good read - question @Justin: you mention that you can essentially set milestones to work towards your seed valuation. Is that a starting point? Do investors usually have strong input here to guide the discussion of "how much should I raise?"
gcgutier 8y ago
Hey Justin, Thanks for the article. I'm a co-founder in San Diego. We're being asked for traction, when we have a team and a pretty good prototype out with beta users. My question - it seems like we should be targeting pre-seed money, as the seed guys seem to be acting like VCs for an A round. Is that normal for Silicon Valley, or that specific to San Diego? Thanks in advance.
- justin 8y ago
  I would need a lot more context to answer this question properly. There's no hard and fast rule for when a "pre-seed" becomes a "seed" or "A". These are just labels. The biggest difference is whether you are raising a round of SAFEs or a priced-round. The legal and business consequences of raising SAFEs are more casual than a priced-round, where investors (regardless of location) take things more seriously. Hope this helps and good luck on your company!
simonebrunozzi 8y ago
Hey Justin! Big fan of your work. We have just raised an angel round, and we have money to go on for another 8-10 months. We are considering raising a larger seed round in the Fall. What we do is b2b (digitizing real estate assets, leveraging the blockchain - we sell it to real estate companies, not to homeowners directly), we will have a hard time coming up with the right cap for the seed round. Any suggestion? Care to chat about it?
pcmaffey 8y ago
Hi Justin, good explainer article. Would recommend diving into the value prop and process of what Atrium Scale offers (and gets in turn). Transparency wins. Also, most founders raising Series A have been around the block at least once. This article seems more targeted towards first-timers.

by justin 8y ago

Hello HN! Atrium CEO Justin Kan here. Happy to answer any questions about the article or help coach you through the process live in our next Atrium Scale program.

nsmog767 8y ago

Thanks for the good read - question @Justin: you mention that you can essentially set milestones to work towards your seed valuation. Is that a starting point? Do investors usually have strong input here to guide the discussion of "how much should I raise?"

gcgutier 8y ago

Hey Justin, Thanks for the article. I'm a co-founder in San Diego. We're being asked for traction, when we have a team and a pretty good prototype out with beta users. My question - it seems like we should be targeting pre-seed money, as the seed guys seem to be acting like VCs for an A round. Is that normal for Silicon Valley, or that specific to San Diego? Thanks in advance.

justin 8y ago
I would need a lot more context to answer this question properly. There's no hard and fast rule for when a "pre-seed" becomes a "seed" or "A". These are just labels. The biggest difference is whether you are raising a round of SAFEs or a priced-round. The legal and business consequences of raising SAFEs are more casual than a priced-round, where investors (regardless of location) take things more seriously. Hope this helps and good luck on your company!

simonebrunozzi 8y ago

Hey Justin! Big fan of your work. We have just raised an angel round, and we have money to go on for another 8-10 months. We are considering raising a larger seed round in the Fall. What we do is b2b (digitizing real estate assets, leveraging the blockchain - we sell it to real estate companies, not to homeowners directly), we will have a hard time coming up with the right cap for the seed round. Any suggestion? Care to chat about it?

pcmaffey 8y ago

Hi Justin, good explainer article. Would recommend diving into the value prop and process of what Atrium Scale offers (and gets in turn). Transparency wins. Also, most founders raising Series A have been around the block at least once. This article seems more targeted towards first-timers.