Your Daily Gist — March 28, 2026

Hi Quai, welcome to Daily Gist — your newsletters, distilled into conversation! Today we're looking at the moment the 'seed' round evolved from a gardening metaphor into a heavy artillery shell. The numbers don't lie—specifically the jump to ten-million-dollar seed rounds as a standard benchmark rather than an anomaly. Is there any actual 'seed' left in a round that large, or are we just renaming Series A because founders want to keep their 'early stage' labels for lo