Party rounds are either the dinner party of your dreams or the one where no one shows up

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, along with Alex's help, Natasha asked: Who should be raising party rounds?

The episode was inspired by Natasha’s recent Startups Weekly column, “When the party has confetti but no allergen-friendly appetizers" and the companion TechCrunch+ piece with Anita, “Investment clubs are cool again, and maybe community is, too.”

Here's what we got into:

• The definition of party rounds, boundaries and the fact that we don't entirely agree on if there needs to be a lead or nah.

• How has party round funding changed? What place do they hold in the ecosystem?

• Is this vehicle better for experienced founders versus first-time founders?

• The pros and cons of each side.

Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

When the party has confetti but no allergen-friendly appetizers