October, 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.

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The Risks of Becoming an Advisor When You (Might) Want Something More

Genuine VC

A few days ago, a friend who works at a growing startup emailed me with the following question (in which I’ve masked just a few of the identifying details): I caught up with a friend of mine from high school that has started a new company where my skills are very pertinent. He wants a data scientist to come do some work for them, and while I’m intrigued, I’m not ready to jump ship and join them 100% of the time.

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