YoungUpstarts

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Venture Capital Demystified: A Fundraising Guide for Entrepreneurs, Investors, and Lawyers

YoungUpstarts

As an entrepreneur, your goal when raising financing is to get several term sheets — the documents describing the terms and conditions of financing. This is the firm that will give you a term sheet, take a leadership role in driving financing, and likely be your most active new investor. Close the deal.

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Going Concern Rules And Your Company

YoungUpstarts

If there is insufficient cash, then the company should have a plan to obtain sufficient capital. Obtaining term sheets, note agreements, or even emails from lead investors stating their intentions to continue funding the entity may help support management’s assertion that they can raise more capital.