Garg: Seed startups should raise twice their estimated testing cost
Rishi Garg · 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund · Jan 18, 2017 · at 22:36
Rishi Garg, General Partner at Mayfield Fund, explains his framework for sizing seed rounds around hypothesis testing and funding buffers.
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“At the series seed, I always say, like, you want to basically double your money, so it's going to take you 600 grand to answer three or four top hypotheses, try to raise a million to.”
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