Seed Rounds Reached $1.5M to $3.5M by 2016
Andy McLoughlin · 20VC: SoftTech VC's Andy McLoughlin on The Series A Crunch, Maximising Runway and Minimising Burn and For Startups · Feb 29, 2016 · at 5:06
Andy McLoughlin, partner at SoftTech VC, describes the inflation of early-stage venture funding round sizes between 2012 and 2016.
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“Seed rounds have really, really gotten a lot bigger in the in the last three or four years, to the point now where you have a pre-seed Round. So you might have a friends and family round of, you know, 25 to 50,000 dollars to get you off the ground. You then do a pre-seed round of 250 to 450 or 500,000 dollars, and then you go out and raise a seed round that could be anywhere from 1.5 to 3.5 million dollars, which is kind of like a series A was not that long ago. And of course now series A's are looking like more, more like, you know, anywhere from six to 12 million dollars.”
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