Accepted Answer
Jun 23, 2023
Below are some high-level definitions with ranges. Please note that the metrics vary by region and sector.
Pre-Seed
Traction: Idea -> Early Signal of Product-Market Fit
Product: Prototype -> Customer Product usage
Team: Founders -> Core Founding Team
Revenue: No Revenue -> First Paying Customers/Pilots
Seed
Traction: Paying Customers -> Product-Market Fit with Core Customers
Product: Early User Retention -> Growth in Product Usage
Team: Core Founding Team -> First Employees
Revenue: First Paying Customers/Pilots -> Expanding Customer Base
Pre-Seed
Traction: Idea -> Early Signal of Product-Market Fit
Product: Prototype -> Customer Product usage
Team: Founders -> Core Founding Team
Revenue: No Revenue -> First Paying Customers/Pilots
Seed
Traction: Paying Customers -> Product-Market Fit with Core Customers
Product: Early User Retention -> Growth in Product Usage
Team: Core Founding Team -> First Employees
Revenue: First Paying Customers/Pilots -> Expanding Customer Base