Steven Vachani
Serial Entrepreneur/Earliest Stage Investor-Founded Freelotto/Qool/Power.com (sites founded acquired 100+ million users & reached $1+ billion peak market value)
Have personally acquired over 100 million customers and 2 million paid subscribers in businesses that I founded and/or ran as CEO. Made most of our businesses very viral or optimized conversion rates allowing us to significantly scale profitable marketing campaign to millions of users.
1) Concept - 1-2 high quality entrepreneurs and a clear product vision or demo. Not launched yet.
2) Incubation/Acceleration - early prototype with big market, but little or no traction yet.
3) Pre-Seed - First angel in to help put together seed round
4) Seed Round - Lead seed round up to $500k