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A significant portion of startups that raise a Seed round (or equivalent) never get to a Series A. Maybe 30 to 50% fail at this stage.
by mtremsal 2y ago
A significant portion of startups that raise a Seed round (or equivalent) never get to a Series A. Maybe 30 to 50% fail at this stage.
- adastra22 2y agoAre we talking about just YC-style internet/app startups? Two of my startups have been deep tech where you can't do shit without a Series A, and the third was crypto in the start of that boom where VCs were begging to lead your Series A. So maybe I just work in a vastly different field.
- quartesixte 2y agoYeah deep-tech (which I am also in) plays on a different scale when it comes to funding rounds, simply because of how expensive hardware is and how big the headcount gets to just make MVPs. My friends in software startups balk at the sheer burn rate and funding rounds at mine. $100mm for a Series A is unheard of in software. Thank you Thiel for setting the bar so high (the famous, "you need $1billion in total capital to successfully pull off hardware startups" quote).
- mtremsal 2y ago> $100mm for a Series A is unheard of in software. Peak 2020: https://www.wiz.io/blog/wiz-comes-out-of-stealth-with-100m-series-a-funding-to-reinvent-cloud-security https://www.wiz.io/blog/wiz-comes-out-of-stealth-with-100m-s...
- throwaway2037 2y agoWhat is "deep tech"? Like, not a CRUD web app? Hardware? AI/ML?
- adastra22 2y agoFusion, fabs, manufacturing, defense, etc.