The 9 early-stage (pre-company formation) start ups I have spoken to since the middle of March have all stated that they are looking to raise about 50k in a seed round. By this they generally mean $50,000 or €50,000, not £ 50,000. I cannot remember a time when there has been such a high level of coordination amongst young entrepreneurs.
Can it be a coincidence that both Seedcamp and Y-combinator, who have done an awesome job in putting some structure around supporting web entrepreneurs at early stages of development, offer this very amount as the prize, in exchange for equity, at the end of their competitive programmes?
Is this a case where some of the most powerful buyers in the market are setting a price that goes well beyond their own immediate sphere of influence?