"Turpentine VC" | Venture Capital and Investing cover image

E11: Ann Miura-Ko Breaks Down How to Build A Venture Firm in 2023

"Turpentine VC" | Venture Capital and Investing

NOTE

Differences between Pre-Seed and Seed Funding

Pre-seed funding is where ideas are being explored in a playground setting and direction is sought. Startups at this stage may pivot multiple times before settling on a viable idea with potential for product-market fit. Seed funding requires having a unique advantage in a competitive space, demonstrating traction, and showing progress in mitigating business risks. Seed investments aim to propel startups towards a successful Series A round within two years. Investors evaluate the funding rounds not solely based on the amount raised but also on the startup's stage and progress, with pre-seed rounds typically raising less than a million dollars and seed rounds ranging from $1.5 to $3 million.

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