This can be a helpful strategy for raising money, anchoring your valuation, and creating urgency.
"Alchemist has set our value at []. My priority is not investors who just write checks, but who are aligned with our mission and help grow our business."
"Our advisory board has asked us to stop focusing on fundraising and focus on customers [or focus on larger investors], so we're planning to close smaller checks imminently by the end of the month."