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this is basically how all business works. nothing is real until the money is in the bank. and until it is, there's a million things to go wrong. it can still
by beachstartup 10y ago
this is basically how all business works. nothing is real until the money is in the bank. and until it is, there's a million things to go wrong. it can still go wrong after, too, it's just less likely.
- Zigurd 10y agoYou certainly should not spend the money before you have it but a first tier investor's term sheet carries a lot of weight . If you don't have hidden problems, good investors don't go looking for excuses to back out of deals. The likely reason the failure rate on Shark Tank is so high is that the prospective deals are chosen for variety and for being interesting rather than being brought by experienced founders or for being highly plausible investments.
- jorgecastillo 10y ago"Nothing is real until the money is in the bank." This is pretty much how life works too!
- deleted 10y ago[deleted]