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Off topic: are $1M/$2M seed rounds realistic during YC demo day? Even with some traction/users/conversion/revenue, and a grand long-term vision, a suggested 1
by so_tired 7y ago
Off topic: are $1M/$2M seed rounds realistic during YC demo day?
Even with some traction/users/conversion/revenue, and a grand long-term vision, a suggested 15%-25% dilution [1] gives $4-10M valuation. Outside SV, this is already Series A valuation. Any thoughts ?
[1] https://blog.ycombinator.com/how-to-raise-a-seed-round/ https://blog.ycombinator.com/how-to-raise-a-seed-round/
- akharris 7y agoThese are certainly realistic, and happen quite often during and after demo day. Fwiw - series A valuations around the world certainly vary, but it is rare to see an A done in the $4-10m range, at least for companies that we've funded.
- DamnYuppie 7y agoYes getting $1M to $2M raised because of demo day is reasonable. Yet closing $2M on demo day without subsequent follow up meetings would be very impressive!
- blackrock 7y ago$1 million doesn’t get you very far these days. That only pays for the salaries of 5 engineers. And what about rent? That takes one salary itself. Which only leaves you with enough money for 4 engineers.