Remove Deal Structure Remove Metrics Remove Non-Compete Remove Revenue
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The Pre-Seed FAQ

K9 Ventures

If the Micro-VCs are looking for Series A-like metrics, what does a company do when it’s just getting started? In order for a company to attract a full Seed round ($2M – $3M), that company needs to show an almost completed product, an advanced prototype, or some kind of traction/demand metrics. Series A is the new Series B. (~6M-$15M

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Piercing the Corporate Veil of Sweat Equity

grasshopperherder.com

I think it’s difficult, if not impossible, to value a pre-revenue company with any reasonable accuracy. The company did have some revenue and paying users, but not enough to make any judgement on the company’s future prospects. Unseen Metrics. Non-compete. If you think I’m wrong, awesome.