Jason M. Lemkin says use seed funding to hire your core team, not pay yourself. Seed rounds typically run $500K to $2M. Raise more than $10M and you're locked into chasing a billion-dollar exit, making anything smaller feel like failure.
Done anywhere.
From half a million to 2 million.
Whatever you conclude together and you use it not to pay yourself. That's, that's what losers do. You use it to hire a few good people to de risk this investment, to accelerate this investment. You use it to hire a few good people and get it off the ground.
Most of us need a little help.
Like some folks, just literally they can do it on their own. They're two great engineers.
They don't need any help.
They can go do it on their own. Most of us are not those people. Especially if you're a business person, it's harder to do it on your own, right? Unless you build something on WordPress or tools, it's hard to do on your. You need a little bit of money, but, but stop there. You, you, not only do you maintain control and have less dilution, but then any exit works. Then any exit works. Once you raise more than 10 million, it can be worth it. But if you raise more than 10 million, here's and this goes to your point this people don't get this in, in today's world, if you raise more than 10 million, you're signing up for a billion dollar exit. And anything less than that is a disappointment.
