The Host

Martin Tobias

Martin writes first checks at Incisive Ventures, a pre-seed fund. Before that he raised venture rounds himself as a multi-time CEO. He has now sat on both sides of the fundraising table — hundreds of pitches heard, and the sweaty side of the table too.

That's the point of the show. Most fundraising interviews are journalists asking founders how it felt. Round Numbers is an investor asking a founder the question you'd ask a friend over coffee after the wire cleared: what actually got this round closed? Not the whole process diary — the one or two things that made the difference, so the next founder can steal them.

Martin also hosts The First Bet — long-form conversations about conviction under uncertainty. The two shows are siblings: The First Bet is about why people bet. Round Numbers is about how the round got done.

X / Twitter · LinkedIn · incisive.vc

The Newsletter

What closed it, in your inbox.

Each episode: one raise, what actually closed it, and the updated playbook. Readable in two minutes.

Signup opens with episode 01 — until then, everything lands on The Playbook.