What is Anchoring?
The negotiation bias of fixating on one salient number, usually the headline pre-money valuation, while conceding the terms (participation, board, pool) that quietly matter more.
Where you will use it: this term comes up in the Entrepreneurial Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Entrepreneurial Finance course by Devon Coombs, CPA, MBA.