I disagree. Look, sure it’s a little confusing at times, and the category boundaries aren’t always clear, particularly in the pre-Series B stages.
You can have one company raising $50,000, another raising $5M, and yet another raising $500M, and all call it #Seed.
That said, I think it’s easy to get stuck on the #AI outliers and their outsized checks, and miss that for the vast majority of #startups, the current demarcations actually work pretty well.
What won’t work is this proposal. Woof:
“At the very early stages, Boldstart Ventures’ Ed Sim has suggested the introduction of “inception rounds” to redefine what a first fundraise really means. Inception rounds would focus on startups at the beginning of their lifecycle, working on developing a product and making their first hires.
They would start with a “discovery round” for first-time founders who are still at the idea stage and would be sub-$2 million, progressing to the “classic round” when a founder has validated their product concept (at between $3 million and $5 million). For the serial founder, “jumbo rounds” would offer more capital and scope to expand at a faster pace.
Redefining pre-seed and seed in this way would offer more transparency about where a startup actually is in its journey.”
Hard No 😎
#DWProf
Inventing Without Limits, To Help Companies, Startups, Investors, And Country. Recognized as a Modern Marvel Out Of 4,200 By The History Channel as a three-time award winning product visionary seen on TV.
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