Remember That Even Unicorns Started With $200K

Massimo Sgrelli
Jan 23, 2018 · 5 min read
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Why Silicon Valley Is So Unique At the Pre-Seed Stage

This is what makes Silicon Valley really unique: you can find great hackers in many other places around the world, but a very few people have actually scaled a product from 0 to 100 millions monthly users.

The Real Challenge in the Early Days

In setting up their fund, the founders performed an analysis of more than 180 unicorn companies — startups valued at over $1 billion — and their earliest funding rounds. They found that, in the U.S., more than one-third of those unicorns started with rounds that today would be considered pre-seed level, including Uber ($200,000), Airbnb ($620,000), Stripe ($120,000), Lyft ($300,000), and Pinterest ($600,000).

Useful Products Sell

Lombardstreet Ventures Blog

Pre-Seed Venture Capital Firm

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