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Lucia Guh-Siesel

CEO & Founder, Bandalou

I'd love to ask for some advice about how to go about setting a minimum investment at a seed round.  The seed round would comprise of friends, family and angels. If I'm looking to raise $500K, is there a rule of thumb for the minimum? 

What is too low or too high?  I've heard a huge range on this.  What other factors should I consider besides the number of seed investors (I planned on treating them as one pool).  What are the pros and cons of crowdfunding -- which suggest no minimum at all?  Should we even set a minimum?  If so, should a minimum have some relation to what we want to raise at A?  It would be great to get your perspective on this.  Thanks in advance.