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.

Partner @ 1kx, investing in consumer crypto.