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A bit of a flag are the timelines here? 6 months? 7 LOI's? This of course depends on your options, if you must raise funds and have no one else talking with yo
by tempnow987 5y ago
A bit of a flag are the timelines here? 6 months? 7 LOI's?
This of course depends on your options, if you must raise funds and have no one else talking with you, take all the time in the world of course.
GREAT that the investor provider feedback. Fantastic to take it and improve product (of course, investor could have done this when they had a board seat as well).
Not clear that they couldn't have ID'd these issues a LOT earlier.
That said, going through this once will have given you HUGE insight into what it will take to go through it again. And you will almost certainly get a better price if the metrics / ARR etc all are going the right way, and your docs are in order.
But deals that someone really wants to have happen tend to move a bit quicker (Facebook buying Instagram might be an example?)
That said, until the wires hit, nothing is solid.