What this teaches
An early definition of the pre-seed round from one of the investors who named the category: what qualifies ($750K or less, pre-product), why the category emerged, and how it chains into institutional seed.
Why it matters
Primary-source definition of a stage most founders now start at without knowing its rules.
Key lessons
- Pre-seed is a distinct product with its own investors and expectations
- Size the pre-seed to reach a fundable seed milestone within ~12 months
NextView Ventures
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