|
|
|
how to fund a startup
|
Seite:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Zurück zur Kategorie
how to fund a startup
|
For example, lower-tier firms are much more likely to pretend to want to do a deal with you just to lock you up while they decide if they really want to. One expert said:
The better ones usually will not give a term sheet unless they really want to do a deal. The second or third tier firms have a much higher break rate - it could be as high as 50%.
It's obvious why: the lower-tier firms' biggest fear, when chance throws them a bone, is that one of the big dogs will notice and take it away. The big dogs don't have worry about that.
Falling victim to this trick could really hurt you. As one VC said:
If you were talking to four VCs, told three of them that you accepted a term sheet, and then have to call them back to tell them you were just kidding, you are absolutely damaged goods.
Here's a partial solution: when a VC offers you a term sheet, ask how many of their last 10 term sheets turned into deals. This will at least force them to lie outright if they want to mislead you.
|
|
|
Kontakt : webmaster
|
|
|
|
|
|
