Seed/Startup Funding Earliest stage of business, typically no operating history. Investment is based on a business plan detailing the management group's backgrounds along with the defined market and financial projections. It is the first stage in the maturity of a business. It encompasses the point of initial concept upon which the business is founded, and typically is considered to span through the point the business has a product or service in place and is beginning to generate revenue from operations. The company is poised to launch into its marketing plan and a capital infusion is required. This phase may be considered to run even as far as the second or third year of operations.
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