Comment by brettgriffin

If there was serious interest, they would taken a next step by now. They won't give you a hard no unless you're an absolute joke.

They will wait and see if there's any deal heat.

Are you talking to other funds? You need to talk to as many funds as possible in a 2-3 week period to create leverage. Do not talk to a single or small number of funds in a process[0]. Best case they will snake the round at a discount, worst case you'll give up a ton of leverage and kill the process.

[0] unless you have close relationships with a stable of funds. you do not.