Pre-seed
The first outside money, usually raised on an idea, a prototype and a team rather than real traction.
Typically friends, angels and pre-seed funds writing small cheques to get you to a product and first customers.
Hear it from people who've done it
Get the real-world version of "Pre-seed" drawn from hundreds of conversations with founders and investors.
Ask the Network →Episodes on Fundraising

Life After Launch with Megan Luttrell & Geo George · 27 July 2026
Dom Pym – The Little White Lie That Built a Bank for 1.4 Million Aussies

Founders in Motion with Thea Ngo · 23 July 2026
Impact Investing at $10: The Fortune He Lost, The Fund He Built | Arjun Agarwal, inaam

In The Blink Of AI with Georgie Healy · 16 July 2026
"The SaaS Apocalypse Is A Myth" with Freddie McKenzie, Co-Founder & CEO of Manifest
Seed
The round that funds the search for product-market fit — first hires, first revenue, first signs the thing works.
Angel investor
An individual investing their own money into early startups, often ex-founders or operators.
SAFE
A simple instrument that converts into shares at your next priced round, usually with a cap and/or discount.
← Back to the full glossary
Want a show like this for your fund or company?
We're W2D1 Media — the team behind the Day One Network and Blackbird's Wild Hearts. We turn podcasts into trust, authority and pipeline.