Apparently, I can't edit my comment after a period of time, but I just found this comment in the YC library https://www.ycombinator.com/library/4A-a-guide-to-s

Apparently, I can't edit my comment after a period of time, but I just found this comment in the YC library https://www.ycombinator.com/library/4A-a-guide-to-seed-fundraising https://www.ycombinator.com/library/4A-a-guide-to-seed-fundr... > Do not spend too much time developing diligence documents for a seed round. If an investor is asking for too much due diligence or financials, they are almost certainly someone to avoid. You will probably want an executive summary and a slide deck you can walk investors through and, potentially, leave behind so VCs can show to other partners.