Jon Lai(@Tocelot):fundraising masterclass from @travisk on valuation: "I'm always saying it's at least this and it can go up, but I start low... so it only goes up, so that everybody's pumped, leaning forward" start low, get bid up. anchoring initial price too high is a rookie mistake

Jon Lai

@Tocelot

GP @a16z @speedrun 🌱 | former PM @RiotGames @TencentGlobal | dark souls fan & dad to 3 zerglings

Joined September 2008

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Jon Lai@Tocelot

2026.07.23 18:16

fundraising masterclass from @travisk on valuation: "I'm always saying it's at least this and it can go up, but I start low... so it only goes up, so that everybody's pumped, leaning forward" start low, get bid up. anchoring initial price too high is a rookie mistake