Remove Customer Remove Partner Remove Revenue Remove Seed Stage
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How the pre-seed round made a comeback in 2024

VC Cafe

A founder asked me what makes a $2M round “pre-seed”? especially if the startup already has a product and revenue? And why do we still sometimes hear about pre-seed rounds that look more like a series A in pricing and size? So far there’s not much that has changed, so why should pre-seed look any different in 2024?

Valuation 186
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Conversion, retention and churn benchmarks

VC Cafe

They encompass the effectiveness of marketing (the startup’s ability to reach and resonate with target customers) and stickiness (the product’s ability to deliver value to customers over time). Some studies suggest that the best consumer subscription companies are able to retain 65% of their revenue after one year.

Retention 109
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The NextView Ventures Manifesto

View from Seed

Most of these rhyme with what we’ve said in the past, but some have also evolved to fit the changing landscape and our own convictions about what really matters for founders and their investors at the seed stage. However, our overall goal is to invest in the full spectrum of seed. Belief #1: The best time to invest is early.

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How to Raise Money – It’s a Journey Not An Event

Steve Blank

There are two reasons to raise money: You have a killer idea that is only partially validated, that you think can get to $50M+ of revenue in 5 years with 80%+ gross margins (if margins are lower, you need a lot more revenue)and you need money to get to product-market fit, or. Better answer, “Because I’m the customer.”)

Cofounder 429
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Building A Sales Development Function for Early Stage Startups with Sally Duby

Mucker Lab

If there are inbound leads, the situation is different; hiring an AE might be suitable if these leads align with the ideal customer profile. Sally suggests considering a full-time Sales Leader when a startup has two or more AEs and SDRs and is on the verge of hitting a $1 million Annual Recurring Revenue (ARR).

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5 Venture Periods Call For Unique Funding Strategies

Startup Professionals Musings

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. On the other hand, if you are a new entrepreneur, still in the idea stage, professional investors will only tell you to come back later when you have traction (customers and revenue).

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From Seed to Series A

Reid Hoffman

As the Greylock team has learned after decades of partnering with early-stage founders, the best approach is establishing a core set of fundamental questions that can be tailored to each individual company, rather than looking at a rigid set of metrics. HOW DOES GREYLOCK EVALUATE COMPANIES AT THE SEED-STAGE?