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 business incubators, 'pre-seed funding' is often provided alongside resources like office space, training, and networking opportunities to help startups develop their business model and strategy. A business incubator manager might explain, 'Our pre-seed funding program is designed to support startups in transforming their innovative ideas into viable businesses.'

Practice Scenarios

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.

Startups

Scenario:

Building a startup involves a lot of factors. Right now, our priority should be ensuring we have the necessary funds for our early stage operations.

Response:

Indeed, securing pre-seed funding should be our top priority to cover our initial operating costs.