[so_tired]

Off topic: are $1M/$2M seed rounds realistic during YC demo day?

Even with some traction/users/conversion/revenue, and a grand long-term vision, a suggested 15%-25% dilution [1] gives $4-10M valuation. Outside SV, this is already Series A valuation. Any thoughts ?

[1] https://blog.ycombinator.com/how-to-raise-a-seed-round/

[akharris]

These are certainly realistic, and happen quite often during and after demo day.

Fwiw - series A valuations around the world certainly vary, but it is rare to see an A done in the $4-10m range, at least for companies that we've funded.

[DamnYuppie]

Yes getting $1M to $2M raised because of demo day is reasonable. Yet closing $2M on demo day without subsequent follow up meetings would be very impressive!

[blackrock]

$1 million doesn’t get you very far these days.

That only pays for the salaries of 5 engineers. And what about rent? That takes one salary itself. Which only leaves you with enough money for 4 engineers.

[taytus]

Give me 5 engineers and I will change the world.

[blackrock]

Well, if you can encourage them to work 70 hours a week, and you work for free, then you’d get the equivalent of 10 engineers.

[taytus]

I will never encourage anyone to work 70 hours a week.