When it comes to seed round vs. Series A and so on, the names of these funding rounds don’t mean much beyond naming the funding chronology. Funding amounts will vary greatly and are used to get you to the next level of growth.If you have no path to profitability, don’t raise more than a Series A. After that, it’s more harm than help. Be sure to put the capital you raise into long-term planning so that it’s not just transactional in nature.
To speed up growth, you can do so with much better leverage if you are profitable. Being profitable allows you to control your destiny. Michael Lee, founder of Lee Commerce Ventures, highly encourages founders to bootstrap their business early on and to know that revenue is not the same as profits.