Raising money for a business typically happens in phases. Those phases often include; * “F.F.F” or the Family, Friends, and Founders round #Seed capital, which is generally your first #funding from an outside #investor * Series A round * Series B round * and so on So, where does pre-seed #capital fall in the mix? Well, exactly where you might expect. Just before your seed capital round or around the F.F.F. round.