Hiring Liquidation Preference Seed Capital 
K9 Ventures
JUNE 5, 2015
That in turn requires more capital. In addition, the competition for and the cost of hiring people, especially in the San Francisco Bay Area, has gone up dramatically. Increased competition for Series A means company needed more traction. more traction means it takes longer.
Growthink Blog
MAY 23, 2011
With this seed capital – more often than not totaling between $100,000 and $1,000,000 - the company accomplishes a number of key technical milestones, gets a beta customer or two, and then goes on a "road show" to venture capitalists around the country for capital to “scale” the business.
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