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How to set fund raising expectation for seed round - i will not promote
I have been following PG's articles for investors and fund raising My understanding is to set up a run way of 1.5 years with 180k cost per person a year; and felt usually for seed would be < 10 people team (with 10 people team it will be about 3M) Not setting to high bc \`\`\` quoting PG's words In fact, a high valuation can be a bad thing. If you take funding at a premoney valuation of $10 million, you won't be selling the company for 20. You'll have to sell for over 50 for the VCs to get even a 5x return, which is low to them. More likely they'll want you to hold out for 100. But needing to get a high price decreases the chance of getting bought at all; many companies can buy you for $10 million, but only a handful for 100. And since a startup is like a pass/fail course for the founders, what you want to optimize is your chance of a good outcome, not the percentage of the company you keep. \`\`\` I also notice recently there's big raise on seed, for example wordware raised 30m and Y Combinator's Surbhi Sarna has raised $30 million for Collate for seed round Could someone help me understand what's the incentive for a big raise like this? I'm new to this, and just want to learn, thanks4
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