Bracing for the Series A Crunch
Here’s the term that we’ll be hearing a lot in 2013: Series A.
And my bet is that by the time we welcome in 2014, it will be a term that has happy connotations for some companies and nasty connotations for others.
In the startup world, Series A refers to your first round of VC financing. The lines of get blurred, but a textbook startup will be funded first by founder, friends and family, and then by a seed round – usually less than, say, $750,000. Then it attracts a Series A round of financing from VC funds, usually $1 million to $2 million – enough to create momentum for the Series B,