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In the initial (seed) stage, we look for a great idea that would have a significant chance of success. We want good teams. We don’t require a complete team or even end-to-end plans. But the key technology risks of your approach and the economic benefits need to be identified. Planning for risk elimination at the lowest possible cost is the key variable, from a seed perspective. Your plan should validate your hunches about the market and help you decide what market segment you want to enter.