This article is a good reminder for founders from around the world pitching to investors in the Bay Area. Also worth noting is this list for the main bet the investors makes at each funding round:
| Pre-seed | Bet on the team |
| Seed | Bet on the product |
| Series A | Bet on the traction |
| Series B | Bet on the revenue |
| Series C | Bet on the unit economics |
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