| ▲ | vonneumannstan 5 days ago | |
What could a fund like this even write checks for? Even the most basic SaaS companies are getting multiple of the entire fund as seed or pre-seed... | ||
| ▲ | ghc 5 days ago | parent | next [-] | |
Typically $250K-500K checks as a follow on. From what I'm seeing, lots of companies are still out there raising sub-$3M pre-seeds and sub-$10M seed rounds. You might only get 1-2% of the company but you can always try to buy up in later rounds through an SPV or your next fund, which can be a marketing strategy for raising fund 2. | ||
| ▲ | dadrian 5 days ago | parent | prev [-] | |
The most basic SaaS companies are not raising $10MM at pre-seed, they’re raising $1-3MM at $10-30MM post. | ||