Pre Seed Round
topic on 4 shows · 7 statements across 6 episodes
Founder's Journal 
We Live to Build 
the Official SaaStr Podcast 
20VC
7 statements about Pre Seed Round, every show
Weisbrot: AI no-code tools eliminate the need for pre-seed funding
“The rise of AI based no code solutions has made it possible for people like me who have business experience to develop and launch a software that can provide a service to businesses without having a single developer ever look at the code. So I think what this,…”
Lieberman: Pre-seed VCs back founders because initial business models almost always change
“At the end of the day, when you are raising a pre-seed round, I'm going to say this over and over, but an investor is investing in you more than they are investing in a business. Because the odds that the business you are pitching right now Kind of the pre-see…”
Sim: Median pre-seed company age is 1.2 years, seed is 2.7
“The median age of a company that raises a pre-seed round is 1.2 years of age now. And the median age of a company that raises a seed round is 2.7.”
Sim: Repeat founders avoid pre-seed rounds to prevent extra equity dilution
“A lot of times founders who are second and third time founders don't want to even be called to have a pre-seed round because it presupposes you need a seed round. And what does that mean to you, Harry? It means that if you have a pre-seed round and you have a …”
Janz: $500k is now smaller than average VC pre-seed rounds
“And today, as you know, like 500 K is less than the average pre-seed round, right? And seed rounds are often in the millions.”
Janz: Pre-seed fundraising depends on team, idea, and storytelling over revenue
“What does it take to raise a pre-seed round? It's mostly about the team and the idea. Usually there is either nothing yet in terms of revenue or very little. It's usually pre-product market fit. So what investors really want to know at this very early stage is…”