Raising series A is when founders' beliefs are forced (sometimes suddenly and painfully) to converge with reality.
You can raise a seed round by pleasing investors, but to raise series A you have to please customers.
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You can fool investors, but you can't fool customers.
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Volkswagen did
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This is obviously different for different industries, but wouldn't a happy customerbase be key to a strong seed round as well?
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Size of customer base of a seed funded company would be small, imo.
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Angel: idea + market seed: market + POC series A: POC + growth series B: growth + scale series C-D: scale + market share series E: profits
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Forgot MVP.
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