seed-funding

Vocabulary Word

Definition

'Seed-funding' is the initial financing used when starting a new business. This money can help cover early-stage costs like product development or market research.

Examples in Different Contexts

Seed funding is crucial for entrepreneurs to validate their business concept and attract further investment. An entrepreneur might state, 'Securing seed funding has allowed us to refine our business model and gain early traction.'

Practice Scenarios

Startup

Scenario:

We've got a groundbreaking new app concept, and the prototype is promising. Now the big challenge is finding financial backing.

Response:

Though securing seed-funding will be challenging, it's the next logical step to take our startup to the next level.

Marketing

Scenario:

We're planning an aggressive launch campaign in the coming months, but we'll need to secure funding to make this happen.

Response:

Let's start looking for seed-funding sponsors who would benefit from associating with our marketing campaign.