Martin Tobias says today’s seed rounds look like the old Series A
MartinGTobias · x · 2026-07-26
Martin Tobias argues that seed today has become what Series A used to be: all funding stages have moved up.
He points to his own Docusign Series A in 2003 as a $4M round and says that would be considered pre-seed today, echoing the claim that roughly 1 in 10 seed rounds are now $10M+.
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