A 2-3M pre seed round seems like overkill for that stage for most business businesses. I do like SAFES and convertibles for pre seed rounds less then 1M. 2-3 million rounds where there milestones expected to be hit then I prefer priced equity rounds.
Interesting. What do you recommend instead for pre-seed and seed rounds raising $2-3M?
A 2-3M pre seed round seems like overkill for that stage for most business businesses. I do like SAFES and convertibles for pre seed rounds less then 1M. 2-3 million rounds where there milestones expected to be hit then I prefer priced equity rounds.