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A tech seed round can easily be 7 figures these days. A new initiative at a non-tech fortune 50 could start in 8 figures. Hiring someone at 10k per week who c
by lumost 4y ago
A tech seed round can easily be 7 figures these days. A new initiative at a non-tech fortune 50 could start in 8 figures. Hiring someone at 10k per week who can kickstart the project to working production system isn't a bad deal at these budgets.
- Dig1t 4y agoWait wait, is it really possible to get that big of a seed round WITHOUT an MVP??
- rco8786 4y agoNot now. It probably was from 2018-2021. Probably will be again at some point. But don’t take that to mean you can just walk in and ask for money. People still want to know who they’re investing in. Prior track record is key.
- lumost 4y agoIn B2B it may be quite sufficient that someone has a track record in the industry + good customer contacts/buyers. Why wait for an MVP if the MVP doesn't seem like the risky part?
- flappyeagle 4y agoYes now. Series A is harder to raise but 2M seed rounds are still happening. 1M seems pretty standard now.
- rco8786 4y ago2M seed without an MVP would be incredibly difficult right now. Certainly not impossible. But way, way harder than it was 12 months ago