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.