I wish smart folks would do better in terms of pointing out these generalized lessons as though they're universal. The reality is that party rounds, like any f

I wish smart folks would do better in terms of pointing out these generalized lessons as though they're universal. The reality is that party rounds, like any form of funding, have positives and negatives, and whether they're good depends on who's funding and who's being funded. If you're starting a company like Cameo, having a party round of athletes/actors/celebrities is likely more valuable than a regular round of traditional VCs.