pre-seed-funding

Vocabulary Word

Definition

'Pre-seed funding' is the earliest stage of getting money for a new company or startup. It's when you gather finance that helps you turn your idea into an actual product or business. It's the small, but first step on the money ladder for a company.

Examples in Different Contexts

In the startup ecosystem, 'pre-seed funding' is the initial capital raised by entrepreneurs to validate their business concept and begin product development. An entrepreneur might share, 'We raised pre-seed funding to fine-tune our MVP and conduct market research, laying the groundwork for future rounds of funding.'

Practice Scenarios

Business

Scenario:

The concept of our app is great, but we need to convert it into a tangible product. We need resources to get our vision off the paper.

Response:

I agree. We should start looking for pre-seed funding to help us transform our concepts into reality.

Leadership

Scenario:

We have a solid team and a promising product. Our focus now should be on creating a clear plan to utilize the resources effectively for the next stage.

Response:

Yes, we need to allocate our pre-seed funding effectively to set the stage for success.