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Semi-Curious about the "seed-stage" investments being 1-3m as that seems rather large even by post demo day YC standards. Unless the expectation is that there h
by kenrikm 11y ago
Semi-Curious about the "seed-stage" investments being 1-3m as that seems rather large even by post demo day YC standards. Unless the expectation is that there has been a friends/family/angel round prior to this with existing growth/traction from said investments? I think some additional clarification on what traction/stage First Round is looking for would save some time on their end and also for companies applying that might not fit into that mold not to waste their time.
- johan_larson 11y agoHere's a useful PDF: https://www.preqin.com/docs/newsletters/pe/Preqin_PESL_Oct_13_Average_VC_Deal_Size.pdf https://www.preqin.com/docs/newsletters/pe/Preqin_PESL_Oct_1... Series A rounds are typically slightly north of 5 million. It's hard to make out, but seed rounds seem to average some fraction of a million. So the characterization of 1-3 million rounds as "seed" does seem odd.