how do you define pre-seed - is it anything that's "first dollar in" funding? a max round size or valuation? What you wrote totally makes sense but i always wonder what a strategy specifically excludes and pre-seed v seed is tough separation (although i always go back to that classic "i know it when i see it" quote about obscenity)
I mostly mean first money in. Regardless of how much ultimately gets raised, it’s a binary thing where you’ve either started spending, hiring, etc or not.
how do you define pre-seed - is it anything that's "first dollar in" funding? a max round size or valuation? What you wrote totally makes sense but i always wonder what a strategy specifically excludes and pre-seed v seed is tough separation (although i always go back to that classic "i know it when i see it" quote about obscenity)
I mostly mean first money in. Regardless of how much ultimately gets raised, it’s a binary thing where you’ve either started spending, hiring, etc or not.
And how much to raise mostly comes down not to nominal stage but to where you are on the spectrum from directional -> hypothesis -> data -> proof. https://x.com/yrechtman/status/1688577428321406977?s=46&t=gWgIxpL08Xr6izopLcQrtw
And yeah I know it when I see it
great post. this is true pre seed and it needed to be said.