Sat.Sep 29, 2012 - Fri.Oct 05, 2012

Genuine VC

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After the VC Term Sheet is Signed – It’s Not Over Yet

Genuine VC

After completing a long process identifying the right venture firms to pitch, running an exhaustive fundraising process, finding a mutual fit, and successfully negotiating terms… at last, the term sheet is signed. So at this point it’s OK to just hand the process over to your lawyers, sit back, and let them work out the details, right? Wrong. The two- to six- week time between the signing of the term sheet and closing is “venture limbo.