So I'm loving Brad's new blog AskTheVC. It's great.
Someone recently asked "how do you raise a small amount of money". in this case the person asking the question was talking about seeking a $1M investment.
I disagree that a $1M investment is too small for a $200M+ fund . I think it's really about the definition of "too small" and the style of the firm.
We are managing a $260M fund. We have done a few deals putting in as little as $2M. We look at <$1M investments all the time. And we would absolutely do a $250k seed investment for the right team and right idea.
If you are looking for less than $250k than it might be harder and angels would probably be best.
Again, I think it's about the firm itself and their style. Size matters but it's not everything :-)