Too Long; Didn't Read
Over the course of the last 12 years or so, we’ve seen an evolution from large traditional VC firms investing $5-10M per company in the first round of financing to the emergence of “micro” VC firms investing in rounds $1M-$3M dubbed “seed rounds”. This evolution has also spawned even smaller firms investing in rounds of several hundreds of thousands of dollars as well in a stage referred to as “pre-seed”.