What this teaches
A First Round partner's standing advice to new portfolio founders, including how to work with investors after the round closes and how to set up the next raise from day one of this one.
Why it matters
Covers the neglected period between rounds: what investors watch, and how the next raise is won in the interim.
Key lessons
- The next round starts the day this one closes
- Investor relationships are managed continuously, not transactionally
- Bad news delivered early builds credit; delivered late, it destroys it
First Round Capital
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