If it is true that...

Underestimating the amount you hope to raise sends useful signals to investors

Then it must be true that...

It will be easier to raise money at a lower valuation

If it is true that...

Underestimating the amount you hope to raise sends useful signals to investors

Then it must be true that...

The amount a startup should raise depends on the startup's needs, not on the amount investors are willing to invest