Glossary · Fundraising rounds
Party round
A round with many small checks and sometimes no single strong lead. Fast to raise from friends and angels; harder when you need someone to price terms, do diligence, and support you in tough moments.
Related: Inversor ángel · Lead investor · Seed round · Term sheet
A bit more nuance▾
- Not automatically bad — depends on investor quality and governance needs.
- Later institutional investors may ask who led and who has information rights.
Go deeper▾
Discussion questions▾
- Who would step up if the company needed a hard conversation with investors?
- Would you trade ten small angels for one credible lead?
Educational reference only — not legal, tax, or investment advice. Terms vary by country and deal; ask a qualified professional when it matters.