Comment by brabel
2 years ago
> But in the end in this world signed contracts and wire transfers are the only credible thing.
I don't have any experience in this business, but why would anyone think otherwise? Did you spend your own money on a verbal promise of investment without any signed document??
That was my reaction, too. I have always avoided VC investment, but "it's not a done deal until the check clears" has applied to literally every deal I've ever done.