Series A

“At an, you know, at a, 16 Z it's, we do, we don't do much of that anymore. We do some of that, but not, not as much because we have a bigger fund and we tend to focus on what's called series A and series B.”

“I think it's series A, it's definitely, certainly people is 90% of it, and the idea is also important with the proviso that the idea will, at that point we know it will change so it's kind of more like You're investing in the general direction of the idea.”

“What used to be a series A today is a pre-seed, and then there's a seed, and then there's a series A, which is basically the old series C.”

“What we do is we invest upside down. So we invest a small amount at the pre-seed stage and work very, very hard with our entrepreneurs to get to a series A. And at the series A, we invest significantly more than we did at the seed stage.”

“Going into the Series A, you have to have enough momentum and some early economic ratios, LTV to CAC, for example, to prove that there's a market for your product. And so the Series A investors want to talk to a lot more customers and validate that this thing …”

“About half of companies that go through YC will end up raising a series A. That's, you know, much higher than any other pre-seed or seed sort of situation that I know of. But about, A quarter of those who raise the Series A, they do it in year five or later.”