Back in the “old days” (as in 5 or 10 years ago) the very definition of a seed investment was investing before any product had been built or prototyped. Since then, the ability to build a startup on far less capital has made seed investing less risky. But, oddly, it seems that seed investors have become more risk averse.
With the institutionalization of seed investing has come a conventional wisdom that you need a prototype to raise a seed round. I’ve been thinking about this a ton since launching Resolute.vc, and I disagree. You shouldn’t need a prototype to raise a seed round.
To read the original article: You Don’t Need A Prototype To Raise A Seed Round | TechCrunch
