[earbitscom]

I would second webright's comment about raising too early. One other mistake we made was underestimating the number of investors we needed to speak with in order to create momentum and a competitive environment. You definitely do want to raise in parallel, and in order to truly do so you should overshoot the number of people you plan to talk to so that you don't find yourself done with all of your leads and not with the full amount raised. Chase more leads than you think you'll need to.