If it takes much longer, it's probably because it's a company that should be raising, or that the company failed to properly prime interest prior to fundraising

If it takes much longer, it's probably because it's a company that should be raising, or that the company failed to properly prime interest prior to fundraising. Once you begin fundraising, it's extremely, extremely bad for the process to draw out. From the first time you ask for term sheets, you should be able to fill the round fast.