| Financing Round |
Definition |
Typical Amounts |
Who Typically Plays |
| Seed |
Prove a concept / qualify for start-up capital |
$25 000-500 000 |
Individual Anglels
Angle Groups
Early-stage Venture capitalists |
| Start-up |
Complete product development and initial marketing |
$500 000-3 000 000 |
Select individual Angles
Angle Groups
Early-stage Venture capitalists |
| First |
Initial full- scale manufacturing and sales |
$ 1 500 000-5 000 000 |
Venture Capitalists |
| Second |
Working capital for initial business expansion |
$ 3 000 000-10 000 000 |
Venture Capitalists
Private Placement Firms |
| Third |
Expansion capital to achieve break -even |
$ 5 000 000-30 000 000 |
Venture Capitalists
Private Placement Firms |
| Bridge |
Financing to allow company to go public in 6-12 months |
$ 3 000 000-20 000 000 |
Mezzanine Financing Firms Private Placement Firms Investment Bankers |
