The new value test for investors: What founders are actually buying when they take your cheque

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 14 Oct, 01:00 UTC

A founder I know recently received two term sheets in the same week. The first was from a regional VC firm with a recognisable brand. The cheque was for US$1.5 million. The terms were reasonable. The partner had introduced himself at a conference six months earlier and had been pleasant in every…

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• T2The new value test for investors: What founders are actually buying when they take your chequeSEA: e27 / Vulcan Post14 Oct, 01:00