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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Closing the Raise Without a Lead Investor
Description: Closing the Raise Without a Lead Investor Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are more startups than there are lead investors. Not every fundable startup will find a lead investor. Here’s how to close your round without one: Start your fundraise with a convertible note. Make sure there’s a market-relevant valuation cap on the note. The convertible note is a debt instrument that converts to equity later. The valuation cap sets the upper limit of the valuation upon conversion. There are many investors who...