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.
A Primer on Angel Investment ‘Simple Term Sheets’
Posted by
martinzwilling under Startups
From http://blog.startupprofessionals.com 5189 days ago
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