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You've never heard of brokers that will go from one VC to another trying to find funding for a company I would think in these cases, the broker should have a s
by byoung2 17y ago
You've never heard of brokers that will go from one VC to another trying to find funding for a company
I would think in these cases, the broker should have a signed contract before the deal is made.
- jacquesm 17y agoThey had a verbal agreement to do this together, after the initial try at getting funding fell through they decided to bypass Charlie and go it alone. I personally think that even if there are no signed contracts they're doing the right thing by looking for a way to compensate 'Charlie' for his contribution, after all without him they might have gotten funding, but not this funding.
- byoung2 17y agoI read it differently. They had an agreement to get funding for NewCo with VC One. When that fell through, A and B got funding for OldCo with VC Two (and VC One as well). I don't think there was ever an agreement to get funding for OldCo, and C had previously left OldCo to become a contractor. Therefore, C does not have standing to receive compensation from OldCo.