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Fundraising & Rounds

Lead investor

The investor who sets the terms and price of a round and usually takes the biggest cheque.

Why it matters

Landing a credible lead is the hard part of a raise — others follow a lead far more readily than they start a round.

Hear it from people who've done it

Get the real-world version of "Lead investor" drawn from hundreds of conversations with founders and investors.

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Episodes on Fundraising

She Lost the Company She Built — Not Herself: Yas Grigaliunas (Part 2)

Perspective X with Pauline Fetaui · 19 June 2026

She Lost the Company She Built — Not Herself: Yas Grigaliunas (Part 2)
Taryn Pieterse of Rampersand — How a VC backs early-stage founders

Investment Thesis with Kali Norman · 12 June 2026

Taryn Pieterse of Rampersand — How a VC backs early-stage founders
Episode Five: Dan Coughlan's Investment Thesis

Investment Thesis with Kali Norman · 29 May 2026

Episode Five: Dan Coughlan's Investment Thesis
All Fundraising episodes →
Related terms

Term sheet

A short, mostly non-binding document setting out the key terms of an investment before the long-form legals.

Priced round

A raise where you agree a valuation and issue shares at that price, as opposed to a note or SAFE.

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