In this episode, Halle and Michael discuss the process of raising a seed round. They cover topics such as when to raise a seed round, building relationships with investors, and the difference between convertible notes and SAFEs. They emphasize the importance of storytelling and having a clear vision when pitching to investors. They also provide tips for first-time founders, including being mindful of dilution and knowing your use of funds. Overall, the episode provides valuable insights and guidance for entrepreneurs navigating the seed funding process.
We discuss:
- Why timing is crucial when raising a seed round, and it how factors such as market conditions can influence your chances of success
- How to get in front of investors (hint: cold calling isn’t your best bet)
- Convertible notes vs. SAFEs
- Understanding dilution, and how each round impacts your ownership
- Knowing your use of funds and setting clear goals for growth and profitability
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