Raise Millions by Hustle Fund VC Page 115 ● You only have $X left in the open round and about $Y amount of high-level interest from the investors you’re talking to, so you need to know soon. ● You are only raising $X (a small amount) on a convertible note at $Y cap, and after you hit that, the price will likely go up. (Note: use this only for investors who don’t lead rounds) Creating urgency is a good thing, but remember: you must be credible. Otherwise, it can backfire on you and your reputation. hustlefund.vc / @hustlefundvc