How to raise your first Seed Round

Posted by eschluntz on Tuesday November 15, 2022 @07:47PM
from the erikschluntz.com dept.

https://erikschluntz.com/business/2022/11/14/raise-a-seed-round.html

( 4 comments | 8 points | on HN )

Re:How to raise your first Seed Round by eschluntz on Tuesday November 15, 2022 @07:47PM (#33617405)

Many of my friends and employees at Cobalt have asked me what fundraising is like and what the first steps are to start a company. I’ve written this post to help demystify some of the process based on my experience raising 5 rounds over my career (Seed through Series C with Cobalt Robotics and Seed for Posmetrics (YC W13)). I hope many more people will start their own companies in the future and work at places that encourage entrepreneurship. Enjoy!

[ Parent | on HN ]

Re:How to raise your first Seed Round by ATraz on Tuesday November 15, 2022 @08:18PM (#33617631)

Great article! Really does help demystify the process!

[ Parent | on HN ]

Re:How to raise your first Seed Round by jschveibinz on Tuesday November 15, 2022 @10:00PM (#33618293)

A market size of $1 billion is not necessary if your seed round valuation is reasonable, e.g. $5 million. This allows early investors to see a possible 10x at less than $10 million ARR which is less than 1% of a $1 billion market. Later stages might be more of an issue…

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Re:How to raise your first Seed Round by pbadg3r on Tuesday November 15, 2022 @10:36PM (#33618510)

Shameless plug! Erik and I recorded a podcast on the early days of Cobalt, including the first fundraise. Check it out! https://open.spotify.com/episode/45mdsE71r7wNHtEQyz13wl

[ Parent | on HN ]