How should we decide how much we need to raise in a seed round?
Our biggest expense is salary for the founders -- just enough so we can work full time on the company without living in our cars or eating dirt. Expenses like marketing and equipment are relatively minor.
How many months of runway should we be aiming for?
Are there other significant parameters that come into play?
What percentage of the company should be expect to sell? (We expect to have a couple of "friendly" customers / paid beta along with a functional demo/prototype when we start fundraising in earnest.)