Jeff Werner, Field Holding, is an Angel Investor talking about The Stages of Asking for Investment for StartUps. Friends and Family – Idea development, early modelling, vision and mission. Might have a plan outline. Maybe a core team, maybe just 1 or 2 people. Pre-seed – More developed plan. Ideally an MVP. Building out the initial core team. Seed – Early stage product market fit. Pilot program – early revenues. Some companies show initial revenue and need seed to scale up growth. Series A – Growth scale up and professionalizing the operation. Series B,C,D, etc. – Business growth.