If you can get to solid growth and PMF in the pre-seed and seed round, you're better off taking $20m-$50m in an acquisition than trying for a series A. Reason f

If you can get to solid growth and PMF in the pre-seed and seed round, you're better off taking $20m-$50m in an acquisition than trying for a series A. Reason for this is that once you raise a Series A, you're pretty much on the highway to hell (billion dollar valuation) or bust. There isn't much room in the middle for investors in the B+ rounds. They want companies that are going to be massive.