Basics of Raising a Seed

In this episode, Halle and Michael discuss the process of raising a seed round. They cover topics such as when to raise a seed round, building relationships with investors, and the difference between convertible notes and SAFEs. They emphasize the importance of storytelling and having a clear vision when pitching to investors. They also provide tips for first-time founders, including being mindful of dilution and knowing your use of funds. Overall, the episode provides valuable insights and guidance for entrepreneurs navigating the seed funding process.

We discuss:

- Why timing is crucial when raising a seed round, and it how factors such as market conditions can influence your chances of success

- How to get in front of investors (hint: cold calling isn’t your best bet)

- Convertible notes vs. SAFEs

- Understanding dilution, and how each round impacts your ownership

- Knowing your use of funds and setting clear goals for growth and profitability