When to try to raise a series A round? When you BOTH need the money to ramp up your work AND you are ready to take on investors who want at least a tenfold retu

When to try to raise a series A round? When you BOTH need the money to ramp up your work AND you are ready to take on investors who want at least a tenfold return on their investment. Generally your series A investors will, between them, hold a majority of shares in your company. If you have enough leverage to retain a majority share for the founders and employees, you're probably already funding at least part of your work from revenue. In that case you may not desperately need the investment. Before you raise a series A round, be sure you understand the meaning of "Participating Preferred Shares." Don't celebrate getting a series A round by using some of it to buy fine wine (unless you're in the wine business). You wouldn't celebrate getting a payday loan either.