Ask an investor

gm. thanks for making this channel.

what is your opinion of SAFE/SAFT pre-seed "group rounds"?

i.e. when founders do not get a lead, but instead raise many checks from smaller firms. 

pros? cons? what signal does this send to larger check writers?

These are known as ‘party rounds’ and I generally advise founders to avoid them as it doesn’t give any single investor any meaningful ownership to actually step in to help when needed. 

The exception is when it’s a party round full of strategic investors (often customers or communities) or angels.

automation first hiring infra @ talentlayer 🚀 bad developer, 10x hacker 👩🏽‍💻 prev ieee blockchain governance

:) https://warpcast.com/pet3rpan/0x209b11b7

i'll counterpoint @pet3rpan from founder perspective:

in very early days your #1 priority is to build a product as quickly as possible that gains conviction of team, users, investors

if fastest path is a party round, go for it. there are a lot of small funds who can help you get going vs. spend weeks finding a lead