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A Guide to Seed Fundraising

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Re: A Guide to Seed Fundraising

#61

Earlier quoted context omitted.

> especially now that it's so easy to get that initial traction It's gotten much cheaper to get traction. In some consumer markets, it is basically cost-free; all it takes is a motivated technical entrepreneur with a couple months of savings.

Can you explain, step by step, the cheap, easy way to gain traction as a technical entrepreneur with a few months of savings? This sounds like an infomercial. I'm not sure what the cheap, easy route to gain traction would be unless it's "pay a spammer". If that is the predominant position in SV, it's good to know.

Bummed out that no one has answered this. Maybe it's just something investors say so that it's easy to discard people and startups that aren't already obvious winners; "oh, you don't have enough traction for how long you've been up. Getting traction is super easy these days so you must be dumb. Next!"

Re: A Guide to Seed Fundraising

#62

Earlier quoted context omitted.

Why not call it a "POC" (proof of concept) round, or "concept round", or "dice round"?

Concept round sounds really good. I am stealing it :)

Commenting a long while after the thread was active, but... there's no reason we couldn't rename other rounds too. The seed round could be the "traction round" and the Series A-Z rounds would be the "scale rounds". Before you have traction, you basically just have a concept, so you have a "concept round".
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