What Do You Need To Do Before You Get An Investor’s Term Sheet?
“I believe this term sheet explodes like a pumpkin at 5PM. Here’s my number. Call me before then if you’re interested in accepting my terms,” “Raul”, our potential new investor, said to me.
I had just spent the last thirty minutes trying to negotiate with Raul. Raul reacted the same way to every suggestion I had. He said, “There is no negotiation on this…