This is one of the least asked questions that I learned today. If you are raising a seed round from VC, please check the size of fund. If you can make a case of

This is one of the least asked questions that I learned today. If you are raising a seed round from VC, please check the size of fund. If you can make a case of return 20% of their fund during the exit after series A, go for it. e.g. you have raised $1m from $10m fund for 10% equity and your company gets an acquisition offer for $20m. The VC would favour your acquisition because you would contribute 20% to his fund. However if you raise $1m from a $100m fund, the $20m exit wouldn’t excite your VC and instead he would ask you to raise a bridge round and push you to aim for $100m exit in the future. A 20m in hand is better than $100m in bush. P.S: I am not suggesting you to become short sighted at series A but it was a context to help you understand my point. Just wanted to remain grounded and help you understand with achievable targets.