I didn't realise party rounds were formed like this – if anything I thought the opposite, that if you had a lead then they'd help bring on additional valuable i

I didn't realise party rounds were formed like this – if anything I thought the opposite, that if you had a lead then they'd help bring on additional valuable investors. I thought party rounds were just when a company has 4 VCs + 20 angels = $1.5M seed, vs. a company that raises a seed where there is one clear lead.