One thing I often hear from other investors is, I like this but I'd rather wait for the next investment round.

They mean this quite genuinely. They see it as a good investment today but they think it will be even better value at the next round because a key risk point will have been removed by then.

This misses an important point. If you don't invest today you might never get the opportunity. They might not call you, it might be competitive and you might not get in the round and if everyone can see a key risk point has been removed the valuation might go up more than you expected.

If it's a good investment today, invest today. You might not have another chance and you can always invest again.

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