Revisiting Paul Graham’s “High Resolution” Financing
Both Sides of the Table
SEPTEMBER 25, 2010
Blanchard/O’Reilly Media. I often counsel the following: set a minimum amount of the round X (for example $500k) and put a clause in the term sheet that allows you to do a second closing of up to “X + 50% ($250k in this example) in up to 90 days post closing at the same price. Photo credit: D.
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