What’s the best way to raise your seed round?

Mark Suster (Managing Partner at Upfront Ventures)
Revisiting Paul Graham’s “High Resolution” Financing | Bothsides of the Table

I often counsel the following: set a minimum amount of the round “X” (for example $500k) and put a clause in the term sheet that allows you to do a second closing of up to “X” + 50% ($250k in this example) in up to 90 days post closing at the same price. This gives you the ability to get the first money in the bank while giving you flexibility in size of round.