Raising a Series A is much harder

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

At the time we raised our seed round the meme was “seed and Series A are converging!” since people were raising as much seed capital as companies once raised in their Series A’s

Based on this we thought the Series A would be of similar difficulty.. and we were wrong. The truth is that while VCs will make seed investments in companies they like just to see what happens / not miss a deal, their reputation depends on making good Series A investments.

Also, VCs can fire on a lot more seed investments than they can Series A investments since the latter requires a partner taking a board seat, and VC partner time is much more limited than their money

For these reasons (and more!) raising a Series A is much less casual than raising a seed

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