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Thanks for writing this. Is this tree of 38 small checks what most seed round looks like? Needing to manage the chemistry of that many people gives huge meaning

Thanks for writing this. Is this tree of 38 small checks what most seed round looks like? Needing to manage the chemistry of that many people gives huge meaning to when funded founders say, if they could do it again they would bootstrap.

malisper 6y ago
I think some seed rounds work this way. Some seed rounds have a small number of large checks that fill up the entire round. For managing chemistry, the extent of our interaction with most of the investors is they are on our investor mailing list. Besides that, we ask them when we need help with something.
ttul 6y ago
A large number of small checks is common in seed rounds. A piece of unsolicited advice: put the checks into escrow with your lawyer and set a minimum raise threshold. It will make it easier to attract capital if investors know you’re only committing them to a successful raise.