When it rains, it pours

Founders doing the rounds of the fundraising circuit see the fortunes of their raise change when one high-quality term sheet comes in - because it is often followed by a mad rush of term sheets and everyone proclaiming their strong conviction. Yeah, the timing sorta works like that :)

I am often fortunate or unfortunate to be seeing this play out in many cases - so it's amusing at best, and painful at worst...worst is when we struggle to find space in a round that we committed to much before the rain or pouring started. LOL.

But we are usually fortunate as the best founders pick investors with deep conviction first.

Like it or not, this is how it works most (not all) of the time.
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