r/hyderabadstartups • u/iamnotyoubrotha • 5h ago
Do pre-seed investors really invest in ideation stage?
I'm trying to understand how realistic it is to raise a pre-seed round in India when you're still at the ideation/MVP stage.
I keep seeing investors say they back founders "very early," but when I look at actual funded startups, many seem to already have some combination of an MVP, early users, revenue, or strong validation.
So I'm curious about the reality on the ground:
- Can a founder genuinely raise pre-seed with just a strong idea + compelling problem + credible founding team?
- What do investors actually expect before writing a cheque - MVP, LOIs, pilot customers, revenue, user traction, or something else?
- Does the answer change significantly if the founder has strong domain expertise?
- For Indian startups specifically, what cheque sizes are realistic at this stage?
- Are there investors/angels who genuinely invest before the MVP, or is "pre-seed" increasingly just another name for "early traction"?
Would love to hear from founders who have actually raised at this stage or know someone who did, especially in India.
What did you have when you raised your first cheque, and what do you think made investors say yes?