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🌍 US & Europe · Cap table & fundingPre-seed round
Also called: pre-seed
In one line
The earliest, smallest funding stage — typically friends, angels or micro-funds backing an idea before real traction.
In plain English
Pre-seed money gets a startup off the ground before a seed round. It's the riskiest, earliest capital, often on SAFEs with generous caps.
If you were explaining it to a 5-year-old
The tiny bit of coins a few friends chip in just to help the club get started, before it's really making toys.
Why it matters when you sell
Very early employees and backers hold the oldest shares; their value depends heavily on how many rounds and how much dilution followed.
Related terms
Put it to use
When you're ready to go deeper, there's an optional Equity Toolkit and Report.
Sources
A general market-practice term. See how we define and source the glossary in our methodology. General information, not advice.
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