Startup Fairy Tales and Other Tall Tales That Venture Capitalists Tell
Growthink Blog
MAY 23, 2011
The angel then introduces the entrepreneur to his or her wealthy friends and business connections who, based on the good reputation of the referring angel, also invest. At the end of the period, all profits and proceeds are distributed to the various partners on a pre-determined split. There are a lot of dark, hard days.
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