Founder Fridays No. 62
Helping startup founders and operators scale smarter.
Happy Funding Friday.
On the first Friday of each month, we take a look at the startup funding data from the previous month. Check out the charts below. I hope it’s helpful for you.
Pre-Seed
Median Money Raised:
$1,088,000
Median Post-Money Valuation:
$8,500,000
Seed
Median Money Raised:
$3,223,200
Median Post-Money Valuation:
$20,400,000
Series A
Median Money Raised:
$12,629,400
Median Post-Money Valuation:
$67,900,000
Series B
Median Money Raised:
$21,965,000
Median Post-Money Valuation:
$95,500,00
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Startup Funding Guides
I’ve put together a series of guides to equip founders to excel at fundraising. These guides break down the deal term by term and give you negotiation tips so that you can speak to investors with confidence.
Should a Seed Round Cost $100,000?
A friend recently told me his relatively straightforward $7M seed round cost over $100,000 in legal fees - much higher than initially quoted. Unfortunately, this is becoming more and more common. However, for an experienced startup law firm, a standard seed round based on NVCA docs should cost $20,000 to $40,000 all in. At my firm Westaway, this complete seed round package is a flat $25,000. (It’s also included in our General Counsel – Grow plan.) No runaway legal costs. No surprise bills. Just clear transparent pricing. If you’ve got an upcoming fundraise, let’s talk.
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