unicorn

What determines if a pre-seed startup can successfully raise a round of funding? A sound idea, an MVP (minimum viable product), a great and experienced founding team, and early signs of traction and the potential for revenue. As this is the riskiest stage of a company, the founding team is the center of any investor valuation. It is far easier to raise a pre-seed round if the founders were successful in their last entrepreneurial venture. Parallel Domain raised $30.0M in Series B funding led by March Capital, with participation from existing investors Costanoa Ventures, Foundry Group, Calibrate Ventures, and Ubiquity…