Every now and again, you hear about an entrepreneur achieving a solid exit after a single “A” round of venture capital financing. More often than not, however, venture-backed entrepreneurs go through several rounds of venture financing on their way to achieving the cash-out exit of their dreams. That said, the dynamics of “B” and other “follow on rounds” do not get as much attention in the entrepreneurial press as the dynamics of “A” rounds. Thus, some thoughts here on follow on rounds of venture financing.
