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Why we picked it This is the sharpest piece on the exact move your answer describes: raising from the people already on your cap table. Its core instruction is to start the inside round as a board conversation, not a pitch, and to bring your insiders up to speed the moment you can see the need coming, which is precisely why honest monthly updates make the ask feel routine instead of a rescue. It tells you to lead with data and stewardship (proof you spent the last dollars well) so your most engaged investor can defend backing you to their own partners, the anchor-first sequence you want.
How to Raise an Inside Round. And How To Know if You Should.
From Enjoy The Work by Neil Devani 12 min read
- Frame an inside round as a board discussion started early, not a desperation pitch made when cash is nearly gone.
- Emphasize the progress and disciplined spending since your last raise; that stewardship is what earns more money.
- Give your lead investor high-quality materials so they can defend the decision internally and pull the rest of the syndicate along.