mildlydeviant

Would you consider / have you ever accepted companies who have a non-public MVP? We're working on something which we can show for our main seedcamp application next month, but it won't be a public and functioning product ....

Is there a concern in terms of equity if a company comes to seedcamp already having raised some seed funds? With SEIS in the UK there's lots of startups who potentially can have already given away up to 30% before applying. In reality is there a figure in terms of equity already given that puts you off when looking at potential companies?