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While I've never raised money from traditional VCs, I have raised millions of dollars from angels. Out of more than a dozen angels I've worked with, never once
by downandout 14y ago
While I've never raised money from traditional VCs, I have raised millions of dollars from angels. Out of more than a dozen angels I've worked with, never once has anyone even contemplated having the company pay the legal fees of the investor. If this is the norm, I'm glad I dislike VCs enough never to have approached them.
- jaredstenquist 14y agoYup, angels and VCs operate quite differently. Same experience here.
- skue 14y agoI've been charged legal fees by an institutional seed stage investor, though the fees were capped -- at an amount equivalent to 2% of total initial investment.