4 ms·
What could a fund like this even write checks for? Even the most basic SaaS companies are getting multiple of the entire fund as seed or pre-seed...
by vonneumannstan 1y ago
What could a fund like this even write checks for? Even the most basic SaaS companies are getting multiple of the entire fund as seed or pre-seed...
- ghc 1y agoTypically $250K-500K checks as a follow on. From what I'm seeing, lots of companies are still out there raising sub-$3M pre-seeds and sub-$10M seed rounds. You might only get 1-2% of the company but you can always try to buy up in later rounds through an SPV or your next fund, which can be a marketing strategy for raising fund 2.
- dadrian 1y agoThe most basic SaaS companies are not raising $10MM at pre-seed, they’re raising $1-3MM at $10-30MM post.