Paul and Ed are talking about the labels people put on their fundraising rounds.  They're both a bit stumped about what constitutes a seed round today.

Paul asked Ed what he's seeing from portfolio companies in terms of their quarterly planning.  Should companies be hunkering down or pressing hard?  

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If you've got a comment or question for the show, you can e-mail us at [email protected].  You can find Paul and Ed  online @paulsingh and @pizzainmotion.