<i>I just think we need a new term besides &quot;seed&quot; to differentiate it from the true seed investments.</i><p>I agree. I have been thinking about what to call an investment at the concept stage. The obvious one is “seed bed” (you need a seed bed before you can plant a seed). The other is something combining founder and investor as any investor at the concept stage is really more a founder than an investor - festor doesn’t have quite the ring I would like though :)