https://techcrunch.com/2022/09/22/sample-angel-pitch-deck-party-round/

In the world of investment, a “party round” is an investment round — typically an angel round — where a larger number of angels throw in what (to them) is pocket change to help a company get off the ground. “Pocket change” is relative, of course; what is pocket change to a very high-net-worth individual could be a down payment on a house for you and an annual salary for me.

About a year ago, Alex reported that Party Round raised $7 million using its own platform, adding a medium-size busload of angel investors to its cap table. Usually, party rounds are more about who you know (and who they are willing to bring to the table) than anything else, but having a decent story and narrative is still crucial.