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Yes, I think the "it's important to have a lead that'll help get the Series A done" advice got overshadowed by the "angel-backed companies don't raise enough ca
by gyardley 16y ago
Yes, I think the "it's important to have a lead that'll help get the Series A done" advice got overshadowed by the "angel-backed companies don't raise enough cash" comment.
Having a strong lead in my own (priced) seed round proved very, very, very helpful later on - but I still wasn't able to raise much more than $500K on the first go-round.
- joshu 16y agoI really think 500k is the bare minimum, and 750k is better. But it's very short with no runway... I see way too many startups raise 100-300k or whatever and simply die.