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Startup Funding Espresso – How To Handle an Exploding Term Sheet
How To Handle an Exploding Term Sheet Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. An exploding term sheet is one that comes with a specific deadline, including a time of day and date. It often gives the founder very little time to make a decision. For founders receiving an exploding term sheet, consider the following: Most of the time, the investor will invest beyond the deadline. In many cases, the investor is very busy and needs to get things done. The deadline date is meant to progress things in a timely manner. In…
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