The best introductions to VCs come from entrepreneurs who made them millions. Lawyer intros are definitely lower on the list, but far better than cold calling.
Deferred costs is a fair deal. Of course, the bill will be large once you have to pay it, but at least it's deferred. Just make sure that it's truly deferred forever. If it's deferred for 6 months or funding (whichever comes first), it's a bad, bad, deal. Debt bankrupts companies.
Comments
The best introductions to VCs come from entrepreneurs who made them millions. Lawyer intros are definitely lower on the list, but far better than cold calling.
Deferred costs is a fair deal. Of course, the bill will be large once you have to pay it, but at least it's deferred. Just make sure that it's truly deferred forever. If it's deferred for 6 months or funding (whichever comes first), it's a bad, bad, deal. Debt bankrupts companies.