Remember a term sheet agreement is not a deal until the check clears. Entrepreneurs sometimes assume an initial agreement with an angel is a commitment, so they start spending before any money is received. But due diligence and paperwork take time, and can change everything.
Keep Term Sheets Simple for Quicker Cash to Spend
Posted by
martinzwilling under Startups
From http://www.gust.com 4586 days ago
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