You're exactly right. I'm afraid I'm guilty of commenting before even reading the article, sorry. Bankers aren't usually involved at the very early / seed roun

You're exactly right. I'm afraid I'm guilty of commenting before even reading the article, sorry. Bankers aren't usually involved at the very early / seed rounds. I have traditionally worked on M&A transactions rather than capital raises, but to answer your question fees are usually determined as a % of the amount raised, subject to a minimum—which again is why it only makes it economical to hire a banker at later stages. Generally we look to precedent fees as a general guideline and then negotiate from there with the client depending on specifics.