The traditional method of raising early money involved a Series A preferred stock financing, which was a lengthy and expensive process.

While priced rounds are still a common method for raising funds, they typically occur later in a startup's lifecycle, often after initial fundraising through SAFEs or convertible notes.

It's exceedingly rare for a company to raise a small amount of money and never need more funding, as companies typically require additional capital to grow.

Preferred stock financing, which includes terms like Series A and Series Seed, refers to fundraising by selling preferred stock at a specific price per share.

Most hard-tech companies will need to raise money from investors, so it's crucial to develop a smart fundraising plan that breaks down the total amount needed into smaller, achievable milestones.

A seed round is typically the first significant amount of money a startup raises, and it can vary widely in size and structure, often without a lead investor involved.

Most startups fail, and only a small percentage achieve significant financial success, so view equity as a tool to enhance your chances of success rather than a fixed resource to be divided.

Raising prices is often necessary for startups, as many technology companies underprice their products in hopes of gaining market share.

Most companies will raise money first on SAFEs or other convertible instruments, which can complicate understanding how much of the company has been sold.