First round financing is the first investment in a company made by external investors. First round financing typically follows the startup phase. First round funding or "venture capital" typically follows seed and early stage capital that was used to build the business' full-time management team, develop the business' first saleable product, and demonstrate that the business is very likely to be profitable.
"You are not here merely to make a living. You are here in
order to enable the world to live more amply, with greater
vision, with a finer spirit of hope and achievement. Woodrow Wilson{1856-1924 28th US President}
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