Pre-Seed vs Seed vs Series A: What’s the Difference?
Summary
It can be confusing to know the difference between the terms "pre-seed", "seed", and "Series A", and so in this video Paul and Dalton discuss what the terminology means to them.
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Transcript Excerpt
[music] >> Hi there, this is Dalton with PB and we're going to be talking about what even is a Series A versus a seed round. So, PB, you want to start us off? What is the difference? >> Sure. So, the key way we think about it is product market fit. So, once you've made something that people want and you're ready to actually grow to a large company, that's that's where you should do a Series A. >> Yeah, and most founders, when they think of fundraising, they think of seed and SAFEs. Can we just like break down some of that terminology? Like, what is a seed? What is a pre-seed? >> I'm not sure what a pre-seed is, honestly. >> [laughter] >> I think the main way I think about it, and especially as it relates to say Y Combinator, is Y Combinator helps you go zero to one. You know, you have an i…