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As a 22 year veteran of the intersection of media and technology (going back to the interactive video disc days) I have many views on the subject. Having been doing this for as long as I have, I have a different perspective on it than many bloggers. This is where I opine.

Entries in lawyers (1)

Thursday
Aug232007

A Tip on Closing a VC Round

Never try to close a VC round during the summer.

The problem is magnified if you're using a syndicate of several firms. The timing issues are a nightmare. Your VC will go on vacation (times however many VC firms are in the deal). Your lawyer will go on vacation. The VC's lawyers will go on vacation. Things that should take days, take weeks instead.

I'll be making a number of posts over the next few weeks detailing how we put together a VC investment.