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by mful 2847 days ago
> One mistake founders make is thinking that they need to be finding a lead investor first. By allocating chunks of your round into portions that are available for three types of investors — lead VCs, follow VCs, and angels—you can create a lot more urgency out of the gate

...

> If you talk to a VC who says they’d be interested in following if you found a lead, you should tell them that you have limited spots for follow VCs

Really interesting way to create urgency when there may not be any (yet).