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Me: Then why don’t you take that same Series Seed doc and stick a price in it. How about you close your first capital (say $500,000) and put in the docs that you have up to [90] days to raise an additional $1 million at the same price at your discretion. That way you don’t have a max or min price but you have a price.
If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. I’d send them their email and point out the docs were late. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. Don’t be complacent.
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