Mitch Thrower advises founders to use rolling raises to deploy capital immediately
Mitch Thrower · Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top? · Mar 11, 2021 · at 10:16
Mitch Thrower, CEO of Events.com, explains why he advocates for rolling closes over traditional single-close rounds for fast-moving tech startups.
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“If you do a rolling raise, the difference is if you're raising capital and let's say raising ten million, you may only be able to use that ten million when you get it to ten million. If you do a rolling raise, you get the first million, you can use it and grow and invest. The second million, use it and grow and invest higher, more engineers, you know, and so that, that's the baseline of kind of a rolling close, which I would encourage entrepreneurs to follow”
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