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Most of what is known about seed investing is borrowed from venture capital. That is often a mistake.

Advice from the founders of Figma, Notion, Linear, Vanta, Instacart and more.


Advice on fundraising from 12 founders who raised $9B in VC. Including Figma, Notion, Linear, Vanta, and Instacart.


Management Fee are paid annually, and typically for 10 years if not more.

It's 2M x 10 years (for each year of the funds life).

Ditto for 20M (x 10 years)


Good point!


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