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6 Things every startup should watch out for before signing with an investor
February 15, 2012 /
After the celebratory high fives and handshakes followed by the compulsory boozy lunch with your new best ‘investor’ friend, a term sheet or funding agreement arrives to formalise your relationship.
The agreement is rather lengthy and contains some legal jargon; defining exactly when is the last day of the month, is important. Other than that it seems pretty straight forward. I mean how complicated can it be, you give us money, I work hard, and we skip and dance together while we share in the super profits, right?
Wrong!
By Mark Bradshaw
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Posted in: Funding and Building your Business