Clearly we're seeing a major VC focus shift to seed investing. Its driven by a lot of factors and in some cases VCs might even be forced to do seed stage deals because of the inability to continue later stage investing. But a lot of it is also the realization that seed investing can be more lucrative, especially if they follow the track of continuing on with later rounds of financing as you mentioned.

Interestingly, w.r.t. to valuation and alignment, we didn't see any misalignment from our convertible note partner. It was from traditional Series X type VCs where we got downward price pressure on valuation and saw unfavorable founder terms. The seed funders we met are focused on getting the door with a fast-moving teams: Hence, 8 hour due diligence, 1 page term sheets. Fast balls down the middle.

The old saw in venture capital, "We invest in the people," is actually something that works both ways. For entrepreneurs, we are just as invested in our seed stage VCs as our VCs are invested in us. So you better like them. Better trust them.

In our case, we couldn't have found better investors to invest in, or have invest in us. Dave McClure of Founders Fund and Jon Callaghan of True Ventures.

In the mean time, I definitely agree that there is a need for a more common language.  It’s awesome that we are at the point where we can even talk about this – when I started making investments the whole thing was a total mystery and there was no information anywhere about it (pre-web).  The few books that were available sucked – basically you had to talk to experienced people (if they’d talk to you) and get the info that way.  Today there is an amazing amount of information on the web which is an awesome starting point.  That said, it is becoming overwhelming.   

When I wrote the post I don't think I had fully realized the extent to which you do seed funding – it's good to know. I'll go back and read your "areas of investment" – would be great to find a deal to do together at some point.