Stage · 20 of 84 articles

Pre-Seed fundraising, from people who have done it

Raising pre-seed means selling a team and a thesis, usually before the product proves anything. These articles cover who writes first checks, what evidence substitutes for traction, and how founders closed money on little more than conviction.

paulgraham.com·September 2013 ·35 min read

How to Raise Money

Paul Graham's definitive essay on early-stage fundraising, distilled from watching hundreds of YC companies raise. Covers why fundraising feels harder than it is, breadth-first search weighted by expected value, getting to yes/no fast, and the dangers of raising too much or letting fundraising drag on.

Fundraising StrategyInvestor MeetingsPre-SeedHow-To
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Y Combinator Library·2016 ·40 min read

A Guide to Seed Fundraising

YC's comprehensive seed fundraising manual: when to raise, how much, SAFEs vs. priced rounds, meeting mechanics, negotiation, and closing documents, written by a YC partner for first-time founders.

Raise ReadinessFundraising StrategyPre-SeedHow-To
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paulgraham.com·August 2008 ·25 min read

A Fundraising Survival Guide

Graham on the emotional reality of raising: why fundraising is demoralizing by design, why investors herd and stall, and how to keep morale and the company alive through the process. Written mid-financial-crisis.

Fundraising PsychologyObjections & RejectionPre-SeedHow-To
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NFX·2020 ·25 min read

The Non-Obvious Guide to Fundraising

A 4x founder turned VC lays out what actually drives fundraising outcomes beneath the standard advice: psychology, sequencing, the 'ladder of proof', and how VCs really talk about deals internally.

Fundraising StrategyInvestor MeetingsPre-SeedHow-To
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paulgraham.com·August 2013 ·15 min read

How to Convince Investors

Graham on the substance of persuasion: convince yourself first, be a domain expert, and make the truth about your startup legible rather than performing confidence you don't have.

StorytellingPitch DeckPre-SeedHow-To
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paulgraham.com·August 2007 ·12 min read

How to Present to Investors

Practical demo-day-era advice on presenting: explain what you do in the first sentence, show a demo, and optimize for being understood rather than impressive.

Investor MeetingsPitch DeckPre-SeedHow-To
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michaelseibel.com·2015 ·8 min read

How to Pitch Your Company

Seibel's formulaic, repeatable pitch structure: a two-sentence company description anyone can repeat, traction, unique insight, market size, and the ask, with examples of each done well and badly.

StorytellingInvestor MeetingsPre-SeedHow-To
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Y Combinator Library·2018 ·15 min read

Safe Financing Documents

The official home of the SAFE: current post-money SAFE documents, side letters, and YC's user guide explaining caps, discounts, and dilution math.

Term SheetsValuation & DilutionPre-SeedHow-To
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Hustle Fund blog·2022 ·10 min read

How Fundraising Stages Work

Plain-language breakdown of what pre-seed, seed, and A actually mean now, what each stage's investors expect, and how round sizes and expectations have drifted from the labels.

Raise ReadinessFundraising StrategyPre-SeedHow-To
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elizabethyin.com·February 2024 ·5 min read

Introducing Raise Millions

Launch post for Raise Millions, Hustle Fund's free book-length compilation of tactical fundraising guidance drawn from thousands of pre-seed pitches; the post links the full free resource.

Fundraising StrategyCold OutreachPre-SeedHow-To
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Coding VC·2016 ·15 min read

How to De-Risk a Startup

Polovets enumerates the specific risks investors price (team, market, product, execution, financing) and concrete actions that retire each one, reframing fundraising as selling reduced risk at increasing prices.

Raise ReadinessStorytellingPre-SeedHow-To
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The Startup (Medium)·2019 ·20 min read

A Seed Round Manual for Founders: Strategies, Pitch Prep, Valuation, Traps, Tips and More

A founder who raised $1.5M+ across UK and US investors documents the whole process as a manual: what worked, the traps she fell into, and differences between London and Valley investor behavior.

Fundraising StrategyPitch DeckPre-SeedFirsthand Story
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Substack·2023 ·15 min read

Founder Toolkit: How to raise your seed round from top VCs & Angels

A repeat founder and angel condenses his raising experience into a toolkit: list-building, sequencing angels and funds, materials, and close mechanics, with templates.

Fundraising StrategyTarget ListPre-SeedHow-To
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Substack·2023 ·10 min read

Fundraising 101: I'm currently in NY! *Buys Flight to NY*

A young founder's candid, funny account of the performative side of fundraising: manufacturing 'I happen to be in town' moments, reading investor signals, and the theater everyone pretends isn't happening.

Investor MeetingsMomentum & SignalingPre-SeedFirsthand Story
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Holloway·2019 ·300 min read

Holloway Guide to Raising Venture Capital

A book-length, edited, citation-heavy reference on the entire venture fundraising process, from instruments and terms through negotiation and close, reviewed by dozens of practitioners.

Fundraising StrategyTerm SheetsPre-SeedHow-To
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hunterwalk.com·February 2018 ·6 min read

For Fundraising, Seed is No Longer a Round, It's a Phase

Walk reframes seed as a multi-year, possibly multi-round phase of proving core value, not a single event, with implications for how founders should structure and sequence early capital.

Fundraising StrategyRaise ReadinessPre-SeedContrarian View
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NextView Ventures blog·January 2016 ·8 min read

What Are Pre-Seed Rounds & Why Do They Exist?

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.

Raise ReadinessFundraising StrategyPre-SeedHow-To
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NextView Ventures blog·October 2019 ·7 min read

Which Fundraising Round Should You Skip?

With founders now raising 3-4 rounds before Series A, Go argues the total dilution math forces a choice: decide deliberately which round in the chain you'll skip, and shows how to reason about it.

Fundraising StrategyValuation & DilutionPre-SeedContrarian View
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robgo.org·January 2016 ·6 min read

How We Think About Pre-Seeds at NextView

The investor-side view of pre-seed construction: why NextView prefers small aligned syndicates over large party rounds at this stage, and what that means for founders assembling one.

Investor ResearchFundraising StrategyPre-SeedHow-To
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Venture Reflections (Substack)·2023 ·8 min read

It's All Pre-Series A Now

The leading pre-seed investor argues stage labels below Series A have lost meaning: everything before the A is one continuous proving period, and founders should plan capital and milestones accordingly.

Fundraising StrategyRaise ReadinessPre-SeedContrarian View
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