Raise Millions by Hustle Fund VC Page 10 Fundraising stages explained Founders typically raise money in stages. 1. Pre-seed 2. Seed 3. Post-seed 4. Series A 5. Series B 6. Series C 7. Series D-G (if needed) 8. Initial Public Offering (IPO) It usually takes several months to start and complete a fundraising round. Since this book is written for early-stage founders, we’re going to primarily focus on the pre-seed to Series A stages. Pre-seed The pre-seed stage is the first round of funding that founders raise. People also call it an angel round or a friends and family round. Teams at the pre-seed stage are just getting started. This is when founders quit their jobs to go full-time on their startup. Investors want to see you launch a minimum viable product (MVP), a basic version of your product that’s designed to quickly gather user feedback and improve your offering. hustlefund.vc / @hustlefundvc