Startup Funding Espresso – It's Not Closed Till Money Is in the Bank

It's Not Closed Till Money Is in the Bank

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Founders seeking funding will hear yes from an investor.

Many founders consider the funding to be done.

Founders should move to close the funding and not rest until the funds have been transferred.

Many funding commitments never materialize.

Issues come up in diligence.

The investor has cash flow issues or unexpected expenses.

Bad news from the financial markets shakes the investor's confidence.

To close the funding, set up a timeline with the investor.

Baby step in the process to get the documents signed, the diligence done, and the funds transferred.

Remove areas of friction, such as docu-signing the investment documents.

Diligence is a key area to watch out for, as new information will come to light.

This will have the most impact on an investor's decision.

Finally, keep the fundraise going.

It's not closed till money is in the bank.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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