Remove 2008 Remove IP Remove Technical Review Remove Term Sheet
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The investment that didn’t happen

K9 Ventures

In April 2008, I was introduced to Ugmode, Inc. It was a team of two sharp Computer Science PhDs, they had core new technology in the form of the algorithms they ran in the back-end, and also core new technology when it came to the display of information. thanks to my advisor Terry Winograd ). Modista was the perfect fit for K9.

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Time is the Enemy of All Deals

Both Sides of the Table

We had many term sheets (it was 1999 and we had a pulse) and we were deciding which one to take. We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. We ended up agreeing a term sheet for $16.5 6 weeks’ later he didn’t have other term sheets.