Mayo: A funding round should be double to triple the lead's check
Will Mayo · EP 461: $2m Raised, SpokenLayer Turning Blogs Into Audio Content with CEO Will Mayo · Oct 28, 2016 · at 16:14
Will Mayo, founder and CEO of SpokenLayer, describes his framework for setting fundraising round targets based on lead investor commitment size.
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“What we look at in terms of determining how much we want to raise is whoever is interested in leading the round, the check size they're willing to write should be somewhere between a third and half of the round.”
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