We had raised about $500k of the $1.5M we had told everyone we planned to raise, but we had hit a string of “no’s” and we weren’t feeling amazing

from LEMON (Ft. MetaWorldPeace & Rap Genius Founders) – How Rap Genius Raised $1.8M in Seed Funding Without Knowing What We Were Doing on Rap Genius

Meaning

In some sense the fact that this stressed us out at all is totally insane – $500,000 is a ton of money! 6 months earlier I would have killed to just have enough money to work on Rap Genius full-time

Plus there’s not thaaaaat much difference between raising $500k and raising $1.5M – in both cases you need to raise a Series A to stay alive. Having $1.5M gives you more time and lets you hire a little bit (but not that much – people are expensive!), but $500k would have been enough to finance the founders' work for long enough to raise more IMO

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