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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – How To Use Round Closings
Description: How To Use Round Closings Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In planning out a fundraise, it’s best to break the raise into a series of round closings. Communicate the overall fundraise amount to the investor but break it into steps. The first tranche is called the first round close. This typically includes family and friends funding. Use this funding to attract more investors to join. Set the date for the closing and make the deadline clear when pitching investors. This gives a target date fo...