Question: When pitching a site, what are the distinctions between the seed and early stages of development? Any information about number of users, progress through product development, and progress developing executive team would be greatly appreciated.
A (Brad): Not really. Seed usually refers to the very earliest stages, although it’s hard to define a clear distinction between the two. In both seed and early stage, it’s typically expected that some part of the equation will be missing. The team might be incomplete, the product might be a prototype, the number of users might be constrained by be a closed alpha. In all cases, the definition of “seed” vs. “early stage” is kind of irrelevant – it’s well understood that you are at the very beginning of the process.