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

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 interaction since. The […] The post The new value test for investors: What founders are actually buying when they take your cheque appeared first on e27.