This document provides an overview of key metrics and considerations for raising a late seed or Series A round of funding. It discusses metrics like ARR/MRR growth, valuation methods, team composition, product-market fit, sales and marketing strategies, and other financial indicators investors will evaluate like churn, CAC, LTV, margins, burn rate, and unit economics. The document is intended to help startup founders understand what to focus on and improve ahead of seeking their first major round of institutional funding.